Intelligent CIO Africa Issue 08 | Page 62

INTELLIGENT BRANDS // Mobile Technology the growing mobile data surge. Telcos sit at the heart of data networks and services and, as such, have a full view of the possible opportunities. They are best positioned to leverage the data generated by mobile use and able to spot trends as and when they happen. With this ability, they can pre- emptively entrench themselves with their customers, building and providing the platforms, services and even applications that will grow their customers and, in turn, themselves. The added bonus of having the tools to mine sensor and user data for information further enables trend prediction and customer-centric service offerings. Hrusostomos Vicatos, Business Development Executive for the Telco Sector at Wipro Limited in countries like Kenya that a recent study conducted by GSMA shows that sub-Saharan Africa continues to account for the majority of live mobile money services, at 52%. Mobility is a growing trend and many companies are looking into developing their own apps to drive customer ‘stickiness’ and better connect with their market. This in turn will drive the way data is used, enabling innovative telcos to start customising their product offerings in line with market demand, tailoring them around data and data-enabled services. Some service providers are calling upon telecommunication regulators to draft policies that will either obstruct or curb over the top mobile data service providers, effectively protecting their own revenue streams. But smart telcos are taking advantage of the new opportunities created by this amplified mobile data usage trend. They are increasingly mining the back end data trail left by these mobile data users to understand their personas better, tailor products and services in-line with demands of these personas and also ensuring they realise high ROI on their marketing spends by releasing more targeted campaigns. The opportunity for revenue growth for Telcos in this application-driven climate lies in their ability to transform their service offering on the back of 62 INTELLIGENTCIO A host of industry specific, value-adding services can be built around the content and information traversing various networks. For example, retail chains can track their global inventory and enable automatic stock ordering when stores run dry. Branchless banking via mobile phones becomes viable for businesses as well as individuals. Amenities can be paid efficiently and conveniently via an application, ensuring improved service delivery. Wearable technology opens up a world of possibility, from healthcare monitoring to granular sports tracking. And what do these all have in common? The expansive networks provided by telcos enable this! But furthermore, telcos can position themselves as more than just data pipe providers – they can become integral partners for innovation. In order to do so, telcos need to start thinking laterally, positioning themselves as enablers of a range of cutting edge, “Telcos need to be creative in their approach to service provisioning, or get left behind in the wake of more innovative players.” data-driven services, rather than merely the platform on which to build them. They need to re-evaluate their mobile products and design them around the data needs of their customers. In line with this, they need to create more agile and flexible commercial models, catered perhaps even to individual needs rather than having static one dimensional product offerings. Types and quantities of data required differ from customer to customer, and in our price sensitive market, getting the product bundles and pricing options correctly targeted can also be a key differentiator. Telcos must be poised for innovation, reducing their dependence on legacy processes and systems which can hold them back. There are several ways in which a telco can create an atmosphere geared for innovation: they can enable innovation to grow organically, which can be a lengthy process; they can purchase an agile company that focuses on innovation and drive it from there; or they can leverage a knowledgeable, experienced partner to develop innovative systems and interfaces, and enable dynamic, adaptable service provisioning. A suitable partner must have the tools to enable telcos to leapfrog to a position of innovation, allowing them to be digitally empowered and capable to leverage considerable knowledge and skills in everything from Internet of Things (IoT) to cloud services, analytics and big data and even artificial intelligence platforms. Data prices are levelling out, and like voice, will be commoditised. Telcos therefore need to be creative in their approach to service provisioning, or get left behind in the wake of more innovative players. Telcos simply must position themselves more effectively, adapting and leveraging the growing trend of mobility by offering products that encourage or enable innovation. By doing so, with the right partners, they can better integrate with their customers, becoming the joint architects of emerging technology rather than a component of its construction, and thereby securing their position in this ever-expanding market instead of being consigned to the trash heap of irrelevance. n www.intelligentcio.com