From Telco to Techco Globes Dual Transformation
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From 1997 to 2012, I was the Senior Vice President and Chief Marketing Officer at a regional telecommunications provider called XYZ, with headquarters in Atlanta, Georgia. During that time, XYZ doubled its customer base from 500,000 to over 1 million, added more than 400 new channel partners and more than 250 network products and services, and introduced 100 new and innovative products. XYZ achieved its goal of becoming one of the fastest growing companies
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I’m always interested in the “dual transformation” of companies — where they go from telco to techco in terms of their business models. This has been a significant trend over the past decade in my observation, from the likes of Google and Facebook to Netflix and Airbnb. I see these “dual transformation” cases as a testament to the power of the new digital economy. They also tell a powerful story about the forces at play in our world: the need for new technologies, and the relentless pace of change. informative post
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From Telco to Techco Globes Dual Transformation In a few decades, Telecom industry and tech industry have undergone revolutionary changes in the way companies interact, collaborate, and compete. The impact of technology on telecom industry is not merely about upgrading technological capability, but it’s an integral part of the industry’s growth. As a telecom company, I have always been an ardent admirer of technology-driven transformation. In my personal and professional life, I have witnessed several transformations through this
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From Telco to Techco Globes Dual Transformation The Telco and Techco are global competitors. Telcos have been increasingly moving from offering voice-only services to broadband and data services. Telcos have been acquiring companies from other industries such as mobile services. The acquisitions have been in the form of whole companies, parts of companies, or even individual brands. The Techco’s competitive strategy is all about innovation and disruptive technology. Techco has been acquiring startups that
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From Telco to Techco Globes Dual Transformation, my business has seen a huge transformation. The first stage of the transformation involved the adoption of a new technology. A new platform, a new approach. The platform involved an entirely new software, one that revolutionized the way we work. The software was designed by top professionals from around the world, and was the result of years of research and development. The software was so revolutionary that it brought significant improvements in many aspects of our business. Firstly, it saved us money by automating
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During my tenure as a telecom executive for the last 14 years, I was the primary force behind the successful transformation of Telco (telecommunication companies) to techno-giants (tech-companies). The journey started back in 2006 and has spanned over 13 years (13 Yrs). Before the journey, the Telco was an oligopoly, while Tech companies were in the dotcom era. The process began with a major paradigm shift. Instead of focusing on traditional