Telco, Media & Entertainment
Businesses in this sector were the first to be disrupted by digital technologies some 5 years ago, and are now entering the second wave of disruption. In Australia, decades of monopolistic behaviour by incumbents has given way to a host of agile, faster moving new entrants, whether it be mobile phone providers, online content aggregators, or companies streaming music and quality entertainment.
WE SEE FOUR MAJOR ISSUES IMPACTING MOST BUSINESSES:
We believe most institutions should be on to their second wave of being digital. Yet, many haven’t received returns from the first wave.
The competitive barriers are down, the consumer has increasing choice in higher quality content, and the new Network roll-out (NBN, 5G, SDN/NFV) is past its tipping point, providing ubiquitous access to content faster, and at a lower cost.
Many entities have strategic initiatives underway but they lack coherence, have a poor ROIC, or are not delivering the service customers are demanding.
Greater personalisation of the customer base to address real needs, combined with greater productivity and reduced costs in operations through AI, and automation will be required to outgrow the market.