From copper cable wires to fiber optic cable the telecommunication industry has come a very long way. It has played a very important role in shaping business and economics.
It touches almost every aspect of our lives-the way we do business, the way we keep in touch with our loved ones and the way we govern ourselves.
The scientists understood the word telecommunication from the broadest perspective possible and have open the doors to enormous opportunities. The technologies of today’s target not just the needs of a business enterprise but also its customers.
The three forces that have disrupted the telecommunications industry are
IOT, the game changer in the telecom industry
Telecommunication industries have the potential to connect millions of devices to complex networks. They stand out as active partners to commercial IOT customers who will drive this IOT market to almost $470 billion. According to a survey by TATA Consultancy Services, the telecom sector stands at the 4th position when it comes to spending on IOT technology.
With the advent of this technology, the telecom industry can operate the directory and registration of devices while simultaneously taking care of upgrades, maintenance etc.
Telecommunication leaders need to buck up and carve out a detailed plan on how they can make the most out of large IOT opportunity.
5G network, a technology of future
A fifth-generation wireless technology, 5G network is an extension to the present 4G LTE standards. 5G networks will go one step beyond the mobile broadband services and will have big impact on robotics, healthcare, education. It will work in collaboration with the emerging technologies such as virtual reality, augmented reality and IOT.
It will be 10 times faster and will download high-resolution content in a time span fewer than 30 secs. The main aim behind the development of this technology is high-speed internet at a minimal price, lesser battery drainage, lower latency along with greater security and connectivity. It will probably have a greater number of mobile broadband users per area unit along with providing limitless data quantities in the gigabyte. This will enable high quality streaming media to a larger chunk of the population many hours a day even when there is no Wifi network around.
Cloud Telephony impacting Business Growth
Long story short, a perfect one-line description for this booming technology is the replacement of traditional and bulky equipment with a third party VOIP service. A forecast by International Data Corporation says that by 2018 public cloud spending will be $127.5 billion making it one of the most used platforms by businesses worldwide.
It is a technology that uses a Virtual Phone number or cloud-based Virtual Phone system to connect across boundaries on multiple extensions without the need of any bulky infrastructure.
Virtual Phone numbers will flourish your business by minimizing missed revenue opportunities and makes sure your business never miss a single customer by providing automatic Notifications.
In addition to this, you also get access to detailed call logs and voice logs by creating a customer database which can be easily integrated with any CRM software.
These virtual PBX systems can easily adapt to the turns and tussles of the company. It can be scaled according to the requirement and budget.
Reap the benefits of advanced calling features like call recording, call planning, automatic call distribution etc.Surpass the traditional Telephony and transmit all your incoming and outgoing calls using VOIP technology. Buy only for the features you want because this technology has features from the most sophisticated requirement to basic dial tone services.
So, don’t just sit back and buy a virtual PBX system to streamline your business operations and connect multiple office locations by overcoming geographical barriers. In a nutshell, the cloud-based Virtual Phone system is easy to use, highly scalable and affordable business solution.