The telecom sector with transformational powers will be a power multiplier for other sectors, and the government should see it as an essential service and enabler for industries, not the lucrative revenue-raising sector, industry association COAI said Wednesday. SP Kochhar, director general of the Cellular Operators’ Association of India (COAI), said at a virtual event hosted by think tank BIF that the arrival of 5G means artificial intelligence, augmented reality, virtual reality, robotics and other futuristic technologies will “grow and participate in telecom and vice versa”.
“This industry will grow stronger as a power multiplier, and all other industries will build on this foundation of telecom,” said Kochhar. In this context, telecom should be seen as a “different piece” as it is now a horizontal area with transformative impact across all sectors, he said.
Currently, the government considers telecom a lucrative sector for raising income and taxes. And that may no longer be the way they should view telecom because of its changing nature, Kochhar said. “Income they get from telecom, when we consider that as a primary source of income and increasing the income they get from industries that run on telecom, I call that as secondary income… that secondary income will be much higher than what they had from primary revenues. “So their responsibility becomes to see telecom as an essential service like water and electricity, which means that they must ensure that this is made robust and that the quality of service to subscribers must be guaranteed”, he said.
Newer technologies and 5G will change the way people work, by highlighting retraining and retraining. “There will be a major shift in job availability, current jobs as we know them may disappear, there will be newer jobs that will double in the cognitive field and therefore there will be a need for retraining and re-equipping ourselves,” he said.
Kochhar said he spoke during the virtual dialogue on ‘Digital Transformation: Path to Exabyte Era’ organized by Broadband India Forum (BIF). Himanshu Kapania, Vice Chairman of Aditya Birla Fashion and Retail (ABFRL), said at the event that digital disruption is “inevitable”. Kapania said multifaceted strategic levers that include aspects such as digital, innovation, retraining, data and collaboration will be critical to making companies “digitally ready” and “future-proof”.
Data is “immensely valuable” and “untapped assets” and must be made more accessible and useful, while at the same time overcoming privacy and security challenges, he added. Every company should have an innovation strategy to determine the degree of focus on technology innovation and investment in business model innovation.
In addition, it will be important for companies to align their workforce and HR strategy with the digital vision and business strategy, he said. While digital technology and technology will make many existing jobs obsolete, expanding existing jobs with technology is expected to create new tasks and opportunities for the workforce, he said, adding that it would be critical to upskill the existing workforce. and to retrain.
- SP Kochhar, director general of the Cellular Operators’ Association of India (COAI), said at a virtual event hosted by think tank BIF that the arrival of 5G means artificial intelligence, augmented reality, virtual reality, robotics and other futuristic technologies will “grow and participate in telecom and vice versa.” “This sector will become stronger as a power multiplier, and all other sectors will build on this foundation of telecom,” said Kochhar.
- Telecom, a power multiplier for all sectors, should be seen as an essential service, enabler: COAI DG
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