With numerous game-changing innovations like 5G and innovation technologies shaking up the mobile and telecommunications industries, there’s no telling what the future holds. To thrive in this rapidly evolving landscape, companies need to find new ways to adapt and incorporate these technologies into their business models.
Last week, Match-Maker Ventures Chief Growth Officer Björn Schättgen had the pleasure to attend the leading global event for the mobile industry, the Mobile World Congress 2023, where they showcased the latest innovations which are set to revolutionize the telecommunication industry.
Read on to discover our key takeaways from MWC 2023 on the industry trends telcos should look out for to stay ahead of the curve.
1. Immersive Technologies and 5G
Immersive technology and 5G are transforming the way we live, work, and consume information and media. As advanced technologies enable new touchpoints on the customer journey and business models adapt, exceptional experiences are essential. The exploration of extended reality and the metaverse continues, and 5G is key to enabling the latest innovations in the physical, digital, and virtual worlds.
2. Openness in Mobile Networks
Openness in mobile networks is providing significant value and promising to make networks more agile and futureproof. Leveraging 5G, IoT, Edge, and Cloud capabilities with open API functionalities will help mobile operators create a differentiated value proposition that delivers scalable next-generation digital services.
Fintech is revolutionizing the financial industry with the rise of NFTs, cryptocurrencies, and blockchain technology. Mobile banking has accelerated adoption across generations, and growth in digital currencies and NFT trade is opening new opportunities and risks.
4. Digital Technologies
The expansion of digital technologies presents an immense opportunity to create value for every industry, from entertainment, to manufacturing, and smart mobility.
The industrial and enterprise world is facing rapidly moving challenges, and digitalization, IoT, and the combination of the real and digital worlds are game changers for meeting these challenges, evolving towards Industry 4.0 and beyond.
Additionally, mobile-led platforms are becoming smarter through greater software development, digital innovation, and enhanced 5G delivery, paving the way for 6G, quantum computing, and more efficient networks.