Business Wire

Arthur D. Little Report Outlines €200 Billion Digital Transformation Opportunity for Telecoms Sector

Del

Arthur D. Little (ADL) today published a new research report highlighting the need for greater digitalization in the global telecoms industry. The TIME 2018 Flagship Report outlines the scale of the digital opportunity, with analysis estimating that a ‘digital dividend’ of over €200 billion free cash flow awaits telcos that can successfully transform.

Industry executives surveyed for the report confirm the findings. 73% say that digital will add value to their businesses, with key benefits including greater agility, increased subscriber growth and cost savings. CAPEX spending on areas such as 5G infrastructure and the Internet of Things is expected to require a 7% CAGR increase from 2017-2022, outpacing forecast revenue growth. Consequently, failing to digitally transform risks commoditization and disintermediation, leaving telcos unable to invest sufficiently. As one senior executive put it bluntly, “Digitalization – there is no other choice if we want to survive.”

The report highlights that acting now is vital if telcos want to guarantee future success. However, becoming digital will require a substantial shift, focusing on two key areas:

  • Enabling digital – investing appropriately to become more digitally mature
  • Embracing digital – making significant structural changes to organizational design and corporate culture as well as how they do business, attract talent and develop the right skills

Currently the majority of telcos are still at an early stage of digital maturity – 33% see themselves at the “digital basic” stage, with just 3% at the most advanced “digital expansion” level.

Jonathan Rowan, Partner at Arthur D. Little and lead author of the report explains: “Telcos are self-acknowledged digital laggards, despite our survey highlighting an overwhelming awareness of the benefits of digital transformation. Until now there was little quantitative evidence of these benefits, but our extensive financial analysis highlights that it can deliver a ‘digital dividend’ of more than €200 billion in operating free cash flow benefit, or put another way, up to an additional 10 percentage points of EBIT. To enjoy this dividend, telcos must balance technology and organizational/cultural change, as well as adopting an agile and holistic approach.”

The ADL TIME 2018 Flagship Report is based upon interviews with more than 100 senior executives, as well as deep analysis of the financial performance of 190 of the world’s largest telcos. It is available from www.adl.com/DigitalDividend

Contact information

Cate Bonthuys
Tel: +44 7746546773
cate@catalystcomms.co.uk

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Wrap.co Releases The World’s First SaaS Software in Historic Global Announcement20.6.2019 05:00:00 CESTPressemelding

Wrap.co, The Mobile Card-Based Innovator™, released The World’s First SaaS Software today—highlighting the ease by which their card-based mobile engagement and conversion platform conveys complex ideas quickly to a global audience poised to consume content at “The Speed of Thumb™”. “According to Danny Hillis in his book, The Pattern on The Stone, any series of yes/no decisions can be considered software—thus,” said Christopher Bruno, CEO of Wrap.co, “we chose pre-historic Irish engravings—ancient when the Pyramids were built—to illustrate how Wrap can allow a mobile user unacquainted with a technical topic to flip through selected content to arrive at hoped-for conclusion in mere seconds—in this case: the belief that an animated engraving represents the 19-year cycle of the moon.” Bruno chose the so-called “Calendar Stone of Knowth” in County Meath, Ireland, as the subject matter for their first global presentation of Wrap.co’s revolutionary carrier-grade card-based communication platf

Algorand Foundation Marks New Chapter in Global Economics with Inaugural Auction19.6.2019 20:56:00 CESTPressemelding

The Algorand Foundation announced today the successful completion of its inaugural Algo auction, marking the launch of the Algorand platform and its original economic model that uses a unique combination of consensus-driven blockchain technology and economic incentives to ensure absolute fairness and broad participation in a new Borderless Economy. The auction brings Algos, the native token of the Algorand blockchain platform, into market circulation for the first time. Originally scheduled to last for more than five hours, the auction sold out in under four hours, due to oversubscribed demand from a large group of global participants. The Dutch Auction mechanism ensured the market, not the seller, set the price of the offering and that each participant paid the same price per Algo. The Algorand platform is the first public, permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security and true decentralization all at on

Cooper & Turner Announces Potential Combination with Beck Industries19.6.2019 19:32:00 CESTPressemelding

Andaray (Holdings) Limited and its direct and indirect subsidiaries (“Cooper & Turner”) have entered into an agreement with Beck Industries (“Beck”) for potential combination of the two groups. The contemplated combined entity aims to be the first truly global manufacturer of safety critical fasteners, together supporting a broader range of industries – including renewable energy, tunneling, construction, rail, heavy equipment, downstream oil & gas, power generation and nuclear, among others. Headquartered in Sheffield, England, Cooper & Turner serves a global customer base with manufacturing and distribution operations across the European Union, China and North America. This worldwide network enables Cooper & Turner to offer a seamless, one-stop shop solution for industrial fasteners that meet the highest levels of quality. Beck, a France-based manufacturer and distributor of fully certified, high-security bolting components, has built a global operation that complements and expands t

Tinubu Square Appoints Sophie Riottot as Group Sales Director19.6.2019 17:02:00 CESTPressemelding

Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions, has announced the appointment of Sophie Riottot as Group Sales Director. This is a strategic engagement for the company, which is restructuring its sales approach to reinforce its rapid global growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190619005634/en/ Sophie Riottot, new Group Sales Director at Tinubu Square (Photo: Business Wire) Sophie Riottot brings a wealth of experience to Tinubu Square. She joins the company from Dhatim, a French start-up specializing in AI-powered invoice services, where she was responsible for sales strategy and partnership development. Prior to this, she was with Microsoft for over 17 years, in a variety of prominent sales and management positions, including Head of Finance in the Services Division. As a member of the executive committee at Tinubu Square, Sophie will be responsible for spearheadin

ExaGrid Voted “Enterprise Backup Hardware Product of the Year”19.6.2019 17:00:00 CESTPressemelding

ExaGrid®, a leading provider of intelligent hyperconverged storage for backup, today announced that it has been voted Storage Magazine’s “Enterprise Backup Hardware Product of the Year” at its annual awards ceremony Storries XVI. Winners are determined by public vote, so receipt of this award is especially important; it heralds the collective voices of ExaGrid’s customers and partners, and further validates the excellence of ExaGrid’s differentiated product architecture and superior customer support model. “We’re honored to accept this award from Storage Magazine,” said Bill Andrews, President and CEO of ExaGrid. “ExaGrid’s deduplication and its scale-out architecture provides customers with a consistent backup window regardless of data growth, which is especially important in today’s ever-changing enterprise environments. The scale-out approach also eliminates forklift upgrades and forced product obsolescence. Our unique Landing Zone retains the most recent backup in its full undedupl

Luxury Pre-War Elevator Building in Prestigious Brooklyn Heights Offered for Sale19.6.2019 16:12:00 CESTPressemelding

Holliday Fenoglio Fowler, L.P. (HFF) announces it has been selected to exclusively market the sale of 25 Monroe Place, a 12-story, 67-unit, luxury apartment building located in the Brooklyn Heights neighborhood of Brooklyn, New York. This offering provides a rare opportunity to acquire a trophy asset in the most sought-after neighborhood in Brooklyn. The vast majority of the property is comprised of fair-market units not subject to rent stabilization. 25 Monroe Place is situated in the Brooklyn Heights historic district, which provides immediate access to Manhattan, the Brooklyn Waterfront, Brooklyn Bridge Park, Downtown Brooklyn and DUMBO. Brooklyn Heights is characterized by charming brownstones and plush tree-lined streets, and the property is surrounded by medium- and low-density buildings that provide water and Manhattan skyline views. Built in 1938, 25 Monroe Place combines pre-war architectural elements and spacious apartment layouts with newly upgraded condo-quality finishes, i