The Future of the Telecommunications Industry: A Dual Transformation
Mobile bits are driving a bigger and bigger share of the global economy. But while the explosion of media choices—from new apps to new TV series—is a boon to consumers, the ability for companies to maintain value is under increasing pressure. Major revenue streams have dried up while the half-life of a new communications service is becoming shorter and shorter.
Traditional telecom is flatlining in growth as markets worldwide are commoditizing, leading to the need for new growth strategies beyond core markets.
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The race is on to build enduring platforms of value. After all, it wasn’t long ago that most people paid for daily newspaper delivery and for each long-distance minute. Value has since shifted to new business models that piggyback on capital intensive networks. Facebook, Netflix, Google, Apple and Amazon are all among the world’s most highly valued enterprises. But so are Verizon, Comcast and China Mobile.
Patrick Viguerie, Senior Partner
Your strategy of where to play and how to win couldn’t be more critical. Even as more and digital services have become free, consumers are spending higher portions of their household budgets on media and telecom than ever before.
Innosight collaborates with media and telecom leaders to reimagine their future using frameworks such as “future-back” strategy and “dual transformation.”
Scott Anthony, Senior Partner
See our client impact stories below to learn how our expertise in harnessing disruptive innovation has led to new value creation in the marketplace.