Communications service providers (CSPs) are currently facing a two-fold challenge. First, cloud-based over the top (OTT) solutions are taking advantage of the well-established CSP networks, quickly stealing revenue from formerly successful streams. Second, CSP networks haven’t adapted well enough to keep up with OTT agility and innovation as the telecom industry searches for more modern revenue streams. As a CSP, it’s time for you to make a change.
For a decade, service providers have struggled to compete with the seemingly more agile over the top (OTT) vendors. At first, SDN was hailed as the answer, but SDN bloomed more slowly than expected. As a result many have turned to network functions virtualization (NFV) to transform both their infrastructure and their ability to respond to customer needs. NFV is expected to push service providers into the digital age while lowering costs and increasing agility. But most of us haven’t quite figured out how NFV will help them save money let alone unlock new revenue streams.