Telcos are confronted with the challenge of adapting their legacy networks to accommodate the increasing demands of 5G, IoT and the associated data explosion. As they turn to cloud and virtualization technologies to transform the existing network, flexibility and opportunities to innovate increase. Join us as we discuss the challenges and profits of creating the modern, agile, telecom network.
The Telco Cloud meeting we had planned in brick and mortar took place, nevertheless, in a virtual context. Although we changed the venue and altered the meeting slightly, we still forged ahead. It’s not “business as usual” but we’re determined to do the best we can to continue to provide value to our members, and an outlet for dealmaking for startups in the Telecom Community.
Our meeting opened with an analyst presentation from Matt Pooley, Practice Lead for Virtualization at STL Partners. Matt led us through the current state of deployment for Telco Cloud, and the opportunities that are shaping up. From incumbents to Rakuten, there are obvious opportunities and threats. One take-away is that it’s not good enough for legacy players to virtualize their existing networks into a quasi-replica of that they had before, but rather, carriers need to build a Telco Cloud as a platform, on which decades of future innovation can easily be built. It’s not about cheaper boxes, it’s about agility and a platform.
As usual, we had a number of great innovator presentations on the subject of Telco Cloud. Ten companies did remote pitches into our Zoom room including the topics:
To try to replicate our usual Q&A, we were joined by
Feedback on the new (temporary) format has been positive, and we have a number of improvements and tweaks that we are working on to make subsequent virtual meetings even better. Of course, we firmly believe in the value of in-the-flesh first impressions for biz dev here in Silicon Valley, and we plan to return to that format as soon as conditions allow. But, as long as everyone is confined, this format enables the community to continue doing the business of innovating in telecom. And that’s what, in effect, has made all of this telework possible in the first place, after all!
With thanks to our virtual audience, to our analyst, Q&A Panelists and our rapid fire presenters for adapting so successfully at such short notice to our online format. Presentations, as always, are available to our members in the Member Library.