KPMG Cyprus’ Post

As #telcos embark on transformational journeys to adapt to the evolving digital landscape, they may encounter several challenges that could hinder their progress and success. These challenges include cultural resistance, legacy systems, skills gaps, and lack of agility. Telco companies that can effectively address these challenges are typically more likely to succeed in their transformational journeys and maintain a competitive edge in the evolving digital landscape. By embracing agility, fostering innovation, and prioritising customer needs, telcos can navigate these challenges and likely emerge as leading players in the future of #telecommunications. Read “Telco to techco” for insights to help ensure your transformation journey is successful

As #telcos embark on transformational journeys to adapt to the evolving digital landscape, they may encounter several challenges that could hinder their progress and success. These challenges include cultural resistance, legacy systems, skills gaps, and lack of agility. Telco companies that can effectively address these challenges are typically more likely to succeed in their transformational journeys and maintain a competitive edge in the evolving digital landscape. By embracing agility, fostering innovation, and prioritising customer needs, telcos can navigate these challenges and likely emerge as leading players in the future of #telecommunications. Read “Telco to techco” for insights to help ensure your transformation journey is successful https://social.kpmg/x642g4

"Techcos", or traditional telecommunications companies (telcos) that have transformed into tech-focused and innovative businesses, are poised to play a crucial role in shaping the future of telecommunications. At the same time, this transformation journey is complicated and requires vision, focus and a connected approach to navigate technological change while satisfying increasing demand for digital services. Sieve out key insights on how the "techcos" of tomorrow can thrive as telcos transit into a tech-first future. Read more here: https://lnkd.in/gRh8uDQ8

Today’s telcos know that in order to survive and thrive in the digital age they should be built around their customers, with an ability to continuously respond and adapt to ever-changing needs. The evolution of telcos into techcos reflects the convergence of telecommunications and technology. Telco companies that can effectively adapt are typically more likely to succeed in their transformational journeys and maintain a competitive edge in the evolving digital landscape. By embracing agility, fostering innovation, and prioritizing customer needs, telcos can navigate these challenges and likely emerge as leading players in the future of telecommunications. Read “Telco to techco” for insights to help ensure your transformation journey is successful. https://lnkd.in/eGjFJhPi

Today’s telcos know that in order to survive and thrive in the digital age they should be built around their customers, with an ability to continuously respond and adapt to ever-changing needs. The evolution of telcos into techcos reflects the convergence of telecommunications and technology. Telco companies that can effectively adapt are typically more likely to succeed in their transformational journeys and maintain a competitive edge in the evolving digital landscape. By embracing agility, fostering innovation, and prioritizing customer needs, telcos can navigate these challenges and likely emerge as leading players in the future of telecommunications. Read “Telco to techco” for insights to help ensure your transformation journey is successful. https://lnkd.in/e2KzPy3D

𝗧𝗲𝗹𝗰𝗼 𝘁𝗼 𝗧𝗲𝗰𝗵𝗰𝗼: 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗧𝗲𝗹𝗲𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 The telecom industry is on the brink of a revolution. As we pivot from traditional #telcos to dynamic 'techcos,' the stakes have never been higher. This isn't merely evolution; it's a profound shift driven by the insatiable demand for digital services and the imperative for #innovation. Techcos are redefining #communication, transitioning from mere connectivity providers to digital pioneers at the forefront of the technological frontier. The #transformation is urgent. The industry faces stagnant #growth, with revenues flatlining as consumer demands evolve and competition intensifies. The future lies in the #B2B sector, demanding a radical shift from network-centric operations to a customer-first digital approach. The digital future waits for no one. Telcos must adapt or risk obsolescence. It's time to embrace the techco identity and redefine the role of #telecommunications in the digital age. Are you ready for the revolution? Read more about the journey from telco to techco and how KPMG US can guide you through this transformative landscape: https://lnkd.in/ghFX_XP7. #KPMGTelecom #TelcoRevolution #TechcoTransformation #DigitalPioneers #FutureOfTelecom #DigitalDisruption #TechTrend

Telco companies that can effectively adapt are typically more likely to succeed in their transformational journeys and maintain a competitive edge in the evolving digital landscape. By embracing agility, fostering innovation, and prioritizing customer needs, telcos can navigate these challenges and likely emerge as leading players in the future of telecommunications. Read “Telco to techco” for insights to help ensure your transformation journey is successful. https://lnkd.in/ejfC-aqq

As telcos embark on transformational journeys to adapt to the evolving digital landscape, they may encounter several challenges that could hinder their progress and success. These challenges include cultural resistance, legacy systems, skills gaps, and lack of agility. Telco companies that can effectively address these challenges are typically more likely to succeed in their transformational journeys and maintain a competitive edge in the evolving digital landscape. By embracing agility, fostering innovation, and prioritizing customer needs, telcos can navigate these challenges and likely emerge as leading players in the future of telecommunications. Read “Telco to techco” for insights to help ensure your transformation journey is successful: https://lnkd.in/eZ3_M9Rq

📶 Redefining Connectivity: From Telco to Techco 🌐 In the face of rapid technological evolution and an upsurge in digital service demands, the traditional #telecommunications market is undergoing a monumental shift. Traditional telcos are transforming into “#techcos.” This evolution is more than a change in terminology—it represents a shift towards a future where technology and telecommunications merge to deliver innovative, customer-centric solutions. To achieve this #transformation, telcos will need to become increasingly connected across their ecosystems, within their enterprise, and with their stakeholders. Telcos will need to overcome their reliance on legacy technologies and processes and enhance their customer segmentation and data so they can quickly adapt to meet evolving expectations, make more informed decisions, and offer value-added services. The path from telco to techco requires a strategic pivot from traditional models to ones that prioritize customer experience, connecting the front, middle and back offices, and continuous digital transformation. Despite the challenges, embracing #agility, driving #innovation, and keeping the customer at the heart of this transformation can ensure a successful evolution. Learn more about how balancing future-focused strategies with a connected, customer-centric approach can help drive better performance, and how KPMG US firms can help. https://lnkd.in/eFjW3YX2 #KPMGConnectedEnterprise #KPMGTMT #Telecom #Telco #DigitalTransformation

I am happy to share my perspectives on the evolution of Telecommunications companies to Technology companies, or what is termed Telco to Techco. Lets continue the discussion! #CGI #Telco #Telco2Techco #Transformation