With reports that by 2030/31, the market for artificial intelligence (AI) in telecommunications is projected to be worth between USD$10.30 billion and USD$38.8 Billion, and with a vested interest in the value AI can bring to the industry, we wanted to highlight 3 predictors around how AI and telecoms can work together to “transform” the industry.
- Network optimization – At Vecta Labs, we are always on the lookout for ways to improve network quality, resolve problems, and where possible mitigate them before they occur. AI can play a major role in this. According to TechSee, “AI in the telecom industry uses advanced algorithms to look for patterns within the data, enabling telecoms to both detect and predict network anomalies.” This means that AI could be used to analyze data from network sensors, and using the data, it could determine potential problems in the network before they occur, allowing us to resolve the risks and eliminate / reduce the risk of network interference, or problems before the network goes live, or ahead of time if a network is already live.
- Improve 5G – In an article written for LinkedIn, startup specialist, Nisha Dumal investigated the value AI could offer the telecoms industry, and she determined it could add significant value to the ongoing development and rollout of 5G networks. According to Nishal, “5G promises to deliver faster download and upload speeds, low latency, and improved reliability. However, it also introduces new challenges, such as the need for more advanced network management and optimization capabilities. AI can help address these challenges by enabling network operators to predict network traffic, identify areas of congestion, and optimize network resources.”
- Boost efficiency as networks grow – A detailed research report published by Market Research Future (MRFR) determined the value of AI in addressing the complexities of sophisticated and fast-growing telecommunications networks globally. In a summary document, the MRFR reporting term explained that “AI in telecommunications enables automation to lower costs and boost efficiency by enabling intelligent decision-making to manage dynamic network traffic and resources. The growing demand for autonomously driven network solutions is one of the main factors propelling the rise of AI in telecommunication. The ability of humans to operate such huge and sophisticated networks is being outpaced by the complexity and size growth of telecommunications networks.”
In summary, predictions suggest that if AI is used correctly and designed to work for the telecommunications industry can offer significant benefits to telecoms as we continue to understand and implement the technology. It can improve network rollouts, determine risk, and drive improvements in speed, network optimization and the industries future.
We’re excited to see what opportunities AI creates in the world of telecoms. We’d love to hear from you around what other benefits AI might offer the telecoms industry, or what challenges you’d love to see overcome using AI technologies.
Let us know by getting in touch at https://vectalabs.com/contact/