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It is expected that the value of artificial intelligence in the telecommunications market will reach US$38.8 billion by 2031, with a compound annual growth rate of 41.4% between 2022 and 2031. With the growing demand for customer experience improvements and the need to rationalize capital expenditures, the adoption of artificial intelligence will accelerate rapidly
In this case, operators who can drive value transformation from the top are more likely to Become a global leader in telecommunications. To achieve an AI-centric strategic change management journey, active support from telecom CXOs is required, spanning the entire organization
To understand the growing demand for AI, let’s look at some latest market examples. Recently, a British telecommunications giant announced that artificial intelligence will be able to replace 10,000 jobs in its operations by 2030. Japanese telecom service providers have announced that they have successfully reduced the energy consumption of their radio access networks (RAN) by half through the use of artificial intelligence. A U.S. telecommunications company used artificial intelligence to successfully reduce customer call abandonment rates by 62%, thereby changing the existing customer service experience
Although there are examples such as this that show that artificial intelligence is How to reshape the global telecommunications landscape, but a question remains
AI and ML models are only 40% of the solution, and data is the key. It is important to assess whether data is in the right state and effective architecture and governance are in place. One of the major problems currently faced by telecom service providers is integrating and interpreting large amounts of data from networks, connected devices, social media, call records, billing information, etc.
Revealing correlations between high-dimensional data spaces and creating Actionable Insights The Biggest Challenge Exciting Data Engineering Teams With the advancement of signature algorithms, artificial intelligence applications in the telecommunications field are being promoted. Customer service and network maintenance have emerged as two key areas in this development
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