Telecom Terms and Trends Every Executive Needs to Know

Your wireless costs might increase because of COVID-19 – but they won’t if you follow these 3 steps.

telecom tuesdayWe are starting a new segment on our blog called Telecom Tuesdays.  We have an extensive list of trends and terms that every high level executive should know, but unfortunately, sometimes they do not. We’ve decided to make these terms and trends the focus of our blog posts.

It is always our goal to write informative blog posts, that will help you save on telecommunications expenses, and we feel like these will do both of those.  So, without further ado here is our first #TelecomTuesday post. (We’ll start it off with one of the more well known trends and topics)

This technology is well past early adoption stage and is storming toward a boardroom near you, fast, as in at the speed of light.

The Ever Growing Cloud

Forecasts indicate that Cloud services will exceed $100B by 2017 and the average business today is already using 4.3 Cloud services, with forecasts that the number will increase to over 10 services by 2017. Simply stated, this technology will forever alter traditional IT/Telecom service procurement, so get on board or wave goodbye as the “techno-train” leaves the station without you.

CLOUD Services

“The Cloud” is a network of servers where software, data and applications are stored and accessed. The equipment, software, services do not physically exist on premise but rather are stored virtually “in the cloud”. Cloud computing is increasingly popular for several reasons: it is secure/private, faster, easier, scalable, customizable (regardless of size) and IT COSTS LESS. It is also much less time consuming on your IT group as Software updates, Security patches and Technical support are all managed by your Cloud provider. Monthly costs do not fluctuate wildly so forecasting and tracking expenses is less cumbersome. These costs are also OPEX instead of CAPEX so they are not only less, but better expenses tax wise.

Any service/data currently on your mainframe or desktops can transition to the cloud: CRM, database management, file storage/sharing/backup, eCommerce, e-mail services, web hosting, software usage, design/testing/development/production or most any other computing need. The Cloud also integrates IT and traditional Telecom services seamlessly, a feat no other technology has ever come close to doing.

Cloud Networks

There are three different types of Cloud Networks: Public, Private and Hybrid Clouds. In the Public Cloud, apps, storage, and other resources are available for customers or the public (free or at a cost). In Private Clouds, the network is designed for use by and for the benefit of a single organization. Hybrid Clouds are obviously a combination of Public and Private.

There is significant debate into whether public is “better” than private and that goes beyond this projects scope, but contact us to discuss the merits and constraints of each.


[author_bio username=”Barry” name=”yes”]

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