Posted: April 9th, 2015 | Author: Juhani Hintikka | Filed under: News | Tags: Comptel, Operation Nexterday | Comments Off on The Perfect Digital Storm: Comptel Talks Nexterday on the NASDAQ CEO Signature Series
We’re entering a new era in telecommunications – a “perfect storm” of technology capabilities that challenges digital and communications service providers to serve a more demanding type of customer, particularly those of “Generation Cloud.”
I recently discussed this with Kelsey Hubbard in an interview for the NASDAQ CEO Signature Series – you can watch our full conversation here. As I explained to Kelsey, consumers and businesses today are surrounded by a wide range of technological capabilities that never existed before – from hyper-connected smartphones, to smarter applications, to high-speed networks, to cloud computing, to Internet-enabled devices and much more.
With all of this technology at their fingertips, customers are becoming better connected and more demanding of the digital services they use. “Generation Cloud” expects to get the services they want right on time, love comparison tools that allow them to get the best price and value for these services, and discard any notions of mass segmentation in favour of highly personalised and targeted buying experiences.
Serving these customers effectively means overcoming a number of collective blind spots that persist within telecommunications. Operators must specifically answer a number of nagging questions: How do we win the hearts and minds of consumers in the digital era? How do we effectively monetise new digital service opportunities? With whom should we partner to reduce friction and enable faster speed-to-market and time-to-revenue?
Kelsey and I discussed how Comptel has repositioned itself over the past several years to better tackle these questions on behalf of our customers. We want to embrace the principles of Operation Nexterday, and our biggest strategic objective for the next few years is to better connect digital supply and demand, so our customers can turn emerging service opportunities into the “perfect digital moments” for their end users. Transforming these perfect moments into revenue-driving business moments will allow operators to develop stronger relationships with their own customers and reach greater heights.
How will we do it? As I explained, Comptel operates at the intersection of two major industry transformations:
The entire telecommunications market is steadily moving toward a type of network infrastructure that Comptel has long embraced: software-defined networks (SDN). We have traditionally provided software that allows operators to manage resources in the network and now in the cloud, and as a result, we believe Comptel is uniquely positioned to support the industry’s larger transformation now and in the future.
A big determinant of operator success in the coming years will be in their ability to turn intelligence into opportunities in real time. Having intelligent fast data will become critical. We’ve been a Big Data company for 27 years – Comptel currently collects 20 percent of all mobile data worldwide – which puts our company in a position to address that massive amount of data and provide analytics and other services on top of that.
Removing Complexity and Friction
I very much enjoyed the opportunity to chat with Kelsey about the unique challenges and opportunities that face not only Comptel, but telco as a whole. As Comptel sees it, every significant industry trend boils down to the need to eliminate inherent complexity.
We want to leverage our expertise to reduce friction points and make it easier for operators to give their customers exactly what they want at the right time on the right device, and earn revenue while doing it.
We think focusing on simplicity is the right course of action as telco steers its way through the perfect storm of consumer, technology and service trends.
Watch our full conversation with Kelsey Hubbard for the NASDAQ CEO Signature Series. Or, download a copy of Operation Nexterday to learn more about our vision for the future of digital communications
Posted: February 25th, 2015 | Author: Ari Vänttinen | Filed under: Industry Insights | Tags: Comptel, customer experience, Mobile World Congress, Operation Nexterday | 2 Comments »
Life is full of digital moments. Comptel strongly believes that digital and communications service providers who perfect these moments have a unique opportunity to rise above the competition and thrive today, tomorrow and the day after tomorrow – namely, Nexterday. In fact, we wrote a book on it.
In Operation Nexterday, we describe the perfect storm currently changing the way operators serve customers and drive revenue, securing their future in the digital and communications industry. It all starts with Generation Cloud, digitally savvy group of consumers and businesses who are setting a new standard for service in today’s highly connected digital world.
These buyers make real-time purchasing decisions and shop on their own terms. They don’t want to play by the old rules of engagement, and if your products and services are too restrictive or slow for their needs, they won’t hesitate to switch to one of your competitors.
The numbers back this up – a recent consumer survey we conducted in January 2015 revealed that nearly two-thirds (65 percent) of consumers prefer to purchase digital content when and how it is convenient for them.
And these pressures aren’t restricted to B2C buyers. As our book explains, the trends of hyper-personalised marketing, multi-channel purchasing and instant gratification extend to B2B buyers as well. Instead of separating B2C and B2B channels, we need to start thinking of a unified business-to-human approach.
How do operators adapt to this new landscape?
By embracing Operation Nexterday to help rewrite your playbooks for approaching sales, marketing, technology and service in the age of Generation Cloud consumers and prosumers. Our book describes those who are pioneering the market, offers industry research and features third-party expert insight, offering the strategies you need to transform your business. More specifically, it includes:
- Examples from operators like T-Mobile and Telefonica, who are successfully turning the industry on its head with new service, sales and marketing, and technology strategies
- Research and insights from leading industry voices such as Fredrik Jungermann of tefficient, Dr. Mark Mortensen and Anil Rao of Analysys Mason, and Nancee Ruzicka of ICT Intuition
- Thoughts on transformation through strategic innovation from Professor Neo Boon Siong, Chairman of the Nanyang Executive Education and former Dean of the Nanyang Business School at Singapore’s Nanyang Technological University
Operation Nexterday, which will be available in hard and soft copies, will be officially released at a special launch party on Monday, 2 March at Mobile World Congress in Barcelona. The party will be held at 5 p.m. CET at our stand, #5G40. We invite you to join us to pick up a copy of the book and learn more about our suggested framework for guiding operators’ future in the digital and communications industry.
If you are not attending Mobile World Congress but would like a hard or digital copy of Operation Nexterday, please contact our team at email@example.com.
We urge all like-minded telco professionals and businesses to join the Operation Nexterday movement by getting the book and spreading the word, which you can do with the #operationnexterday Twitter hashtag.
Posted: February 2nd, 2015 | Author: Malla Poikela | Filed under: Industry Insights | Tags: buying experience, charging, Generation Cloud, Monetisation, Operation Nexterday, PCRF, policy control | 2 Comments »
The always-on, “Generation Cloud” is quickly developing new habits when it comes to data usage. Not only do these digital natives consume more, they use several devices – often at the same time – to access the content and applications they want. They expect it to be available whenever, wherever and on any device – even their car, house or watch might be connected to the Internet.
Fast and omni-device access to data enables people to change the way they work, interact with their friends and families, shop, learn and much more. It helps them improve their quality of life. For these reasons, customers are willing to pay for their data usage. And many of them are willing to pay a premium to enjoy their digital moments faster and with better service quality.
Consumers’ preferred data service buying experience is developing in tandem. “Generation Cloud” expects personalised, in-the-moment offers and a seamless purchase process. When provided, customers are willing to spend more.
Communications service providers (CSPs) need to act now and evolve their marketing and selling to keep in line with how customers are buying today and in the future. By adopting an “Operation Nexterday” approach, operators can anticipate consumers’ needs and maximise their interactions, monetising more in less time than ever before.
Sell something you don’t own – but take control
Today, CSPs’ bundling of third-party content and applications has become almost commonplace; it’s no longer seen as “special.” Selling something you don’t actually own doesn’t mean that you are out of control, though. Tighter integration between CSPs and Over-the-Top (OTT) players, as well as policy control and charging can help you optimise the buying experience and differentiate.
Partnered content or services, for example, are often loosely attached to CSPs’ offers. It might be a discount code passed onto a customer for use when he or she – separately – signs up for Spotify or Netflix. But consider the possibilities if the buying experience and the policy rules for handling and charging for this specific data traffic for this specific customer were tightly integrated.
Complexity is mounting – but…
Tighter integration and context-aware personalisation increase the complexity in policy and charging control. Dynamic changes in user behaviour and the competitive landscape will only add to this complexity, as will the Internet of Things (IoT) and voice over LTE (VoLTE).
Just think about the ultimate offer that contains all of the required ingredients such as subscription, rating, Quality of Service (QoS), monthly fees, cost control, roaming data package, advice of charge, applications, VoLTE and much more, all in one bundle – that’s a lot to deal with all at once and to cater to a very diverse audience.
Traditional PCRF and charging do not offer the sufficient flexibility and agility; thus, the legacy setup with yesterday’s offer design tools lack the ability to manage complexity efficiently. The complexity that arises is also the result of network upgrades, adding new capabilities and new elements like IMS and EPC. Due to the ‘patchwork’ architecture, every change takes too much time.
One size fits one
The era of one-size-fits-all campaigns is over. Rather, launching a number of agile, micro-level, long-tail campaigns that are tailored for smaller customer segments is the way forward if CSPs are going to profit. This is because offers, including the technology to enable them like policy and balance management rules and rating, have become much more complex.
Policy and charging rules are no longer stand-alone entities; they are blended. And on top, they will need to seamlessly integrate with predictive analytics and machine learning, to see and tap into patterns that the human mind just can’t. CSPs can then predict customer behaviour. They can predict network quality or outages. They can determine the best offer for each unique customer situation. And their systems’ learning never stops.
… but there’s more to monetise in customers’ digital moments
Data usage monetisation is a huge revenue opportunity, requiring maximum speed and flexibility for the offer design to be successful. System alignment and a contextual understanding of “Generation Cloud” customers are just as vital. In order to capitalise on this, CSPs should natively combine siloed policy control and charging functions. On top of this, they must add historical and anticipated insights on their individual customers and network traffic trends. Operators that can combine these will propel their business to “Nexterday” and be a fierce competitor in the post-digital era.
Comptel will be attending Mobile World Congress, taking place 2-5 March 2015 in Barcelona, Spain. Interested in continuing this discussion on perfecting and monetising your customers’ digital moments? Email firstname.lastname@example.org to set up a meeting, or visit us in Hall 5, Stand #5G40 to pick up a book about “Operation Nexterday.”