IT and Telecommunication: Rethinking Transformation Strategies

by Nick Shah
March 14, 2024
AI IT Telecommunications

In 2018, Verizon unveiled plans for a $1 billion, 150-acre, mix-use real estate development upgrade to their headquarters in Hidden Ridge, Irving Texas. Verizon acquired undeveloped ranch land to expand their base with the addition of a tech- integrated campus that contains a light-railway station, the latest communications technologies, coworking spaces, incubators, as well as high-tech housing and retail. 

As a tech leader, witnessing the rapid evolution in telecommunications spearheaded by Verizon was inspiring. Their Hidden Ridge development exemplifies the cutting-edge work being undertaken in the field. This project is not just about constructing buildings; it’s about creating a live-work-play environment that is fully integrated with 5G technology. Hidden Ridge not only sets a new standard in urban development but indicates the new and innovative strategies telcos are adopting to adapt to changing technology.  

However, this transformation is not without its challenges. Especially when transformation needs talent to be effective.  

[Read more about digital transformation on the PTP Report]

 

Talent Demands of Telco’s Tech Transformation 

The telco industry today is being reshaped by seven significant tech trends, all of which creates specific talent implications and demands for new skillsets:  

  • Expanding connectivity through 5G and beyond  
  • Edge computing 
  • Next-generation transportation