INDUSTRY 4.0 IS DISRUPTING AND REDEFINING THE TMT INDUSTRY. HOW?

 With the evolving technological trends, digitalization is more a concept limited to a few. It has swiftly become an integral part of business operations across diverse sectors. This is often referred to as Industry 4.0. It simply signifies the marriage of physical and digital technologies for those who are still new to this. 

Undoubtedly, the TMT industry sits at the center of this revolution. Why do we say so? It's because most advancements are directly because of telecom research to improve communication via faster speed and fantastic connectivity.

New technologies like 5G, AI, IoT, and others are helping this sector to collect large amounts of data and transfer it across within no time. Since these technologies are becoming interlinked, telecom can quickly improve practices and push innovation.

But where do Telcos fit into this current Industrial revolution? Let's find out more about it!

Read More :- https://www.pukkapartners.com/insight/industry-40-is-disrupting-and-redefining-the-tmt-industry-how

How to stay ahead of the competition in this era of industrial revolution/ Industry 4.0?

Despite being the center of Industry 4.0, TMT companies ensure that they are going by the book. They want to prepare well for the potential disruptors to invent business/ delivery models and acquire new customers and market opportunities. It won't be wrong to say that digital transformation is becoming stronger. 

But if you are not a front runner, you need to have what it takes to succeed in this smart, connected era. Here are some guidelines to stay ahead of the competition. 

  • You need to be prepared for modern-day business trends. For instance, ask yourself a few questions like "Are you prepared to adopt smart, autonomous technologies? How are you going to use them for a competitive advantage?" Besides this, you need to be ready to meet the needs of digitally savvy customers. If you are prepared for all that, are you prepared for changing regulatory environments and evolving trade landscapes? 
  • The businesses need to transform to business value. Innovation is the key to this, but if you aren't catering to the needs of the customers, you won't be able to fend off your rivals. This is why you must discuss how you will integrate new products or services in your internal and external systems. 
  • Once you build a more robust network, you must shift to creating a stronger network of partners. This is why you need to assess whether you have relationships when you don't have any in-house expertise. Do you have any extensive and diverse network?
  • How are you reimagining and reinventing your future? Is your vision aligned with your future of business? Are you using new ideas to experiment with newfound technologies?

If your company is doing most of it, you are a front-runner. You must identify areas of improvement and develop a strategy to stay ahead of the curve. This will allow you to position and thrive in this digital transformation era.  


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