ARTICLE

Business Engineering’s Insight: Boston Consulting Group’s Perspective on Technology, Media, and Telecommunications (TMT)

By BINUS ASO School of Engineering (BASE) • April 27, 2022

Business Engineering, as known as BE provides comprehensive insight on doing business with strong engineering. BE intertwines trilogy of Operations & Systems Engineering; Business & Finance; and Information and Communication Technology (ICT). This trilogy constitutes major portion to contribute, in this article, on the Technology, Media, and Telecommunications (TMT), according to the Boston Consulting Group (BCG).

This article conveys further elaborated perspective of the aforementioned Boston Consulting Group, in specific Technology, Media, and Telecommunications (TMT). This article is originated from source and adapted from https://www.bcg.com/industries/technology-media-telecommunications/overview. Precisely, for the Technology, it is originated from https://www.bcg.com/industries/technology-media-telecommunications/technology-industry.  Eventually, for the Media, it is originated from https://www.bcg.com/industries/technology-media-telecommunications/media-industry. Ultimately, for the Telecommunications, it is originated from https://www.bcg.com/industries/technology-media-telecommunications/telecommunications-industry

As Executive Summary, this article conveys the summary on the following:

TMT companies don’t just look to the future—they define it. We help unleash their full potential, so they can turn possibilities into reality. And advance the world. Technology, Media, and Telecommunications (TMT) companies deliver the products, infrastructure, and content that empower and enlighten, and that boost resilience and sustainability—across industries, and across society. But they also face important challenges, and thus they need to think boldly, respond quickly, and continuously improve.

Why is TMT is so Popular

Seismic shifts across technology, media and telecommunications

 

Technology

Innovation isn’t limited to releasing new products. Companies must continuously reinvent how they compete—and embrace their outsize role in society. We guide the way.

No industry creates more value in today’s economy than the technology industry. Its innovations fuel the digital world. But tech is also one of the most volatile industries, experiencing constant disruption that challenges even the strongest organizations. Incumbency is often a liability. And with its outsized impact, the tech industry is subject to increased scrutiny—which means leaders are in a state of always-on transformation, and must constantly examine how they contribute to society.

Media

Content matters—but so do subscriptions, personalization, and customer insight. We help media and entertainment companies master the strategies and enablers that spark transformation.

In today’s media industry, success requires new business models, the ability to leverage disruptive technologies, and a relentless focus on operational efficiency. For established companies and digital pure plays alike, one thing is certain: as the media industry evolves, the most successful companies will evolve with it.

Telecomunications

Telecommunications companies embrace AI, agile, and bold new approaches for a reinvented customer experience and a reinvigorated business—while keeping costs in check.

For many telcos, the transformation in the world around them is happening faster than the transformation within. Tower companies—not telcos—are leading the way in shareholder returns. Digital giants—agile and global—are launching innovative services quickly and widely. New technologies, like software-defined networking and virtualization, are adding more vendors, more options, and more uncertainty to decisions about infrastructure investment. As the telecommunications industry undergoes major shifts, telcos must shift, too.

How best to do that? The answer lies not in outdated business or operating models but in bolder ideas, strategies, and execution. This means applying transformative enablers such as artificial intelligence and agile ways of working, embracing end-to-end digitization, and taking new—even daring—approaches to network excellence.

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