Economic Recovery Plans Give a Boost to Digital Infrastructure Deployments
Operator investment in 5G and fiber rollouts will be central to future prosperity.
Communications service providers (CSPs) are heavily involved in global initiatives to stimulate economic recovery due to the COVID-19 pandemic. A prime example is the EU Recovery Plan, a €1.8 trillion initiative that will focus a significant percentage of its resources in digital infrastructure, including 5G. Many governments around the world are similarly investing in digital projects that will require new infrastructure, connectivity and technology personnel to reinvigorate economies that have suffered during the worldwide lockdown.
Building networks is essential to accelerating this digitally-powered recovery and is being widely incentivized by government actions, including relaxing regulatory rules, promoting co-investment and encouraging public/private partnership building. Regulators and operators are supporting a multi-vendor approach while striving to achieve more cost-effective deployments, secure network equipment and further network innovation.
Speeding Up Infrastructure Deployments
The work that has already been done to create the 5G digital era will help drive economic recovery, but CSPs must utilize the following intelligent approaches to avoid future pitfalls:
- Virtualized infrastructure: The cloud and SDN/NFV have revolutionized the timescales and costs of customizing new telecom infrastructure to meet demand. CSPs can now drive economic stimulation through digital services without huge CapEx investments to build out traditional networks.
- Standards-based modular software architectures: Leading vendors have been breaking silos, removing millions of lines of proprietary code and rebuilding OSS and BSS from the ground up. As a result, scaling networks and business processes are, for the first time, simple. Quickly forming new software stacks with microservices and containers significantly reduces the technical challenges of reacting to the ‘new normal’ of consumer behavior and new opportunities.
- Diversified business models: CSPs can use advanced BSS solutions, such as digital, cloud-ready revenue management, to pivot toward new markets such as gaming, smart homes and Video on Demand (VoD). These areas have seen a huge boom in revenue over the last year due to people staying at home. Legacy charging, rating and billing systems would have made it very difficult for CSPs to utilize these value chains.
- Planning and optimization: CSPs should not wildly install millions of miles of new fiber and new 5G base stations without following their own best practices. The analytics and artificial intelligence of modern OSS combines with best practices to constantly refine ROI models and maximize margins from new services.
With the right solutions and guidance, CSPs can both drive economic recovery plans for societies and link their own future prosperity to that growth.