The European Commission proposed a plan on Wednesday to try to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products and reduce its dependence on China. Commission President Ursula von der Leyen announced a loosening of EU state aid rules, a repurposing of existing EU […]
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Traveling back in time and setting our sights on the year 2003. The world was a vastly different place then. The internet was becoming a necessity, and cell phones were still a luxury. Fast forward 20 years, and we find ourselves in a world transformed by technology. The telecommunications industry has undergone a remarkable evolution, […]
In a contracting core market, historical actors look to startups to speed up and boost their capacity for innovation. While internet access and mobile communications are still Telco’s critical sources of income at the moment, long-term growth will focus on services like lodging, data storage, security, and cloud technology. Startups are creating solutions that should […]
Given the trend toward distant experiences, COVID-19 has emphasized the significance of communications and the requirement for a robust infrastructure to enable a seamless experience. According to a recent research by EY titled “Top 10 risks in telecommunications,” the industry’s biggest challenge is failing to maintain network resilience in a post-pandemic environment. All telecoms in […]
Most business leaders today don’t need convincing about the power of artificial intelligence (AI). The promise of efficient and personalized interactions at every step of the customer journey sways them. The Zendesk Customer Experience Trends Report 2022 shows that 57 percent of leaders plan to increase their AI investment by at least 25 percent over […]
The U.S. economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose at its slowest pace in 2-1/2 years, reflecting the impact of higher borrowing costs. The Commerce Department’s advance fourth-quarter gross domestic product report on Thursday showed half of the boost […]
91.53 percent of the world population own a phone, including smart and feature phones. As a result, the amount of generated data is mindboggling, close to 2.5 quintillion bytes per day. And this number is set to skyrocket further in 2023 with the rise of IoT. As such, telcos will need a helping hand to […]
When many businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of […]
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals. The problem is, the seabed’s double-booked, and something has to give. Britain granted […]
Mark Twain, the greatest humorist the US has produced, once said that “History never repeats itself, but it does often rhyme.” What’s past is past, but it does come back in a similar but not the same form (i.e., a rhyme). Accordingly, the Digital Silk Route (DSR) is not identical to the traditional silk route, […]