In today’s rapidly evolving technological landscape, 5G networks and edge computing present significant opportunities for businesses to enhance their operations. For CIOs and CTOs, harnessing these technologies effectively can position their organizations as market leaders rather than followers. By developing and implementing robust API strategies, businesses can unlock new revenue streams, create seamless customer experiences, and ensure long-term scalability.
This PoV explores how:
- Enterprises can leverage APIs to seamlessly tap into 5G capabilities for numerous use cases such as credit card fraud prevention, self-driving automobiles, and entertainment services.
- Monetizing 5G requires telcos to open the network features and capabilities to developers through APIs, enabling them to build innovative applications for consumers and enterprises.
- With edge computing, organizations can experience a drop in latency, bandwidth increase, and more sovereignty over their data.
We also discuss the performance gap in the past decade: telcos reported a total shareholder return of only 5%, while over-the-top (OTT) streaming services achieved an impressive 30% and IT infrastructure companies 17%. Innovative edge players, including those focused on app development, streaming services, and infrastructure-building, have successfully leveraged telco investments to drive their growth, highlighting the potential for collaboration.
Telcos invested around $1 trillion in network upgrades since 2018, which presented them with a tremendous opportunity to monetize their 5G investments. Embracing strategic partnerships and focusing on customer-centric solutions could allow telcos to capitalize on their investments and ensure a vibrant future in the digital economy.
This PoV provides valuable insights on the ways telcos are capitalizing on the evolving market expectations by leveraging edge computing and APIs. Innovative 5G services and solutions hold the key to driving new revenue growth, generating higher returns on investments, and creating more shareholder value.
