Telecom & IT
The Telecom & IT industry has changed beyond recognition in the last 10 years, with customer needs and competitive landscapes shifting in ways that few could have predicted. Its incredible growth owing to new technologies and recent developments, where new concepts of 5G wireless, IoT, Platform based service (PBS), Cloud computing, Network Security, Data centres, OTT, etc., are leading concepts in telecommunication verticals.High-speed internet access for computer-based data applications such as broadband information services and interactive entertainment is pervasive. The digital subscriber line (DSL) is the main broadband telecom technology. The fastest growth comes from (value-added) services delivered over mobile networks. Hence, the telecom sector will continue to be at the epicenter for growth, innovation, and disruption for virtually any industry.
Another driving force giving fuel to global economic growth is the information technology (IT) and Information Technology enabled Services (ITeS) industry. As per the market researchers,more than half the global economy turns digital by 2023, a new species of enterprise will be required to compete and thrive. Our 2020 predictions show enterprises will get ready for the digitized economy by accelerating investments in key technologies and new operating models to become hyper-speed, hyper scaled, and hyper-connected.
Telecom & IT Industry Challenges
The major challenges in the industry still lurk despite having numerous favourable factors and require to be addressed.
- Lack of skilled manpower in rural and semi-rural areas. Proper procurement of goods and services is the need of the hour.
- There is an extremely high level of competition for a limited spectrum. New players find it difficult to grab a significant share of the spectrum in the auctioning process. Spectrum allocation needs to be efficient and transparent.
- Efficient procurement of services is a major challenge for the IT sector.
- Difficult to generate higher profit margins when the price is shrinking and the demand for quality service is increasing.
How We Can Help
As Telecom & IT providers cater to a growing nation, Telecom & IT companies are finding it difficult to control costs and monetizing new services. In such a scenario, a centralized online procurement system adds immense value. By working with C1, you partner a leader in the e-Procurement space. C1 has been at the forefront of adding value especially when it comes to reducing the pressure on bottom-line and streamlining the procurement process. We have been changing the way some of the leading Telecom and IT firms manage their procurement processes by automating workflows, facilitating online negotiations, reducing procurement timelines, streamlining processes and virtually eliminating paperwork.
C1’s comprehensive e-Procurement suite includes inventory and indent management, e-Auctioning, e-Sourcing, vendor management, contract management, and risk management. With the focus of providing you the liberty to transform your supply chain as suitable to your requirements, we also provide actionable insights derived from our analytical tools such as expense management, budget, and spend analysis.
As pioneers of the e-Procurement space, we have worked with Telecom & IT giants such as:
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To accelerate contract creation and execution, to enable risk management against changing market conditions and to cascade environmental, regulatory and other critical requirements systematically and consistently throughout multi-tiered global supplier networks.