4 telecommunications trends for 2024

The year 2023 saw the consolidation of telecommunications and the emergence of significant challenges, from 5G monetization to the growth of eSIM technology.

However, looking ahead, it is generative artificial intelligence (AI) that captures the imagination and expectations of the tech world.

Generative AI, unlike its conventional counterpart, is designed to be creative and adaptive, using advanced machine learning algorithms to generate content autonomously.

With the launch of ChatGPT in late 2022, AI has taken center stage, with basic knowledge now common among the population.

In this Guinea Mobile article, we’ll show you the most relevant predictions for the future of telecommunications technology in 2024 and beyond.

Emerging technologies

Before we dive into the predictions for next year, it is important to take a look at the important events that marked 2023 in the world of telecom trends.

Among the most relevant updates were the clarification of the challenges associated with 5G monetization, market consolidation in Europe, and the continued growth of eSIM technology.

These developments laid a solid foundation for future innovations in the telecommunications field.

Generative AI: the new frontier in telecommunications

One of the highlights for 2024 will be the growth and expansion of generative artificial intelligence (AI). This technology is emerging as a tipping point in various industries and applications.

Unlike conventional AI, generative AI is designed to be creative and adaptive, using advanced machine learning algorithms to autonomously create new content.

The launch of ChatGPT in late 2022 has highlighted the potential of generative AI, and it is expected that by 2024 we will see further development of profitable use cases for this technology in telcos and beyond.

Generative AI has the potential to transform various aspects of telco operations.

From improving network efficiency to predicting and preventing outages, this technology can help operators optimize real-time resource allocation and improve customer experience.

In addition, the self-learning capabilities of generative AI make it especially valuable for documentation generation, data analysis and the creation of digital twins, among other technical applications.

Success in Digital: Transitioning to Digital Services

TM Forum’s “Reigniting Telecoms Growth” report predicts 1.8% growth in telecoms companies between 2022 and 2027. However, this growth will be largely driven by the success of digital operators.

In an increasingly digitized world, consumers are looking for comprehensive services and convenient digital experiences.

Therefore, success in 2024 will be reserved for those operators that can offer a wide range of digital services and explore new revenue streams.

To succeed in a digital environment, telecom operators will need to transition from traditional to digital services.

This may involve incorporating technologies such as eSIM capability into their applications.

Integrating financial services to enable banking functions, or even creating “super apps” that offer a variety of services on a single platform.

The key will be the ability to adapt to changing market demands and stay at the forefront of technological innovation.

No-code or low-code BSS: agility for success

Agility is key to success in the digital world considering the new telecom trends for this year.

No-code or low-code business support systems (BSS) enable the rapid launch of new revenue streams by simplifying software development processes.

By adopting no-code or low-code technologies, companies can accelerate innovation and stay ahead of the market.

Guinea Mobile is an innovative Carrier-as-a-Service platform designed for brands to launch their own Mobile Virtual Network Operator (MVNO) in Peru.

We provide a complete BSS solution integrated with the Claro Peru Network, allowing seamless integration through APIs or web services.

Conclusion

The year 2024 promises to be an exciting year for telecommunications, with innovative technologies such as generative AI and no-code or low-code BSS systems driving change and transformation.

As enterprises adapt to an increasingly digital world, success will lie in their ability to embrace innovation and deliver exceptional user experiences.

With a technology-centric mindset and an agile strategy, telecommunications companies can capitalize on the opportunities of the future and stay at the forefront of the industry. Contact us for a personalized consultation.