Telecommunications affects how people connect and do business on a global scale. For businesses, in particular, reliable and timely communication is the lifeblood of your company’s brand reputation, productivity, and overall success.
Telecommunications companies possess the technology necessary for communication through the internet, phone, airwaves, cables, wires, or wirelessly. They have built the infrastructure necessary for passing voice, words, video, and audio through these means to anywhere in the world.
Here’s why telecommunications are so important and the benefits telecom provides for your business.
Why is Telecommunications So Valuable?
#1. It Satisfies Our Basic Needs
Information technology and the ability to connect and communicate is a fundamental part of how our society operates. In today’s digital ecosystem, telecommunication has become the foundation for businesses, governments, communities, and families to seamlessly connect and share information.
Thanks to telecom advancements, things like searching the internet, placing phone calls, emailing, and text messaging has become integrated into our personal and professional lives on a near-ubiquitous level.
#2. It’s Vital for Security
From a security perspective, telecommunication is one of the most crucial infrastructures for protection. From natural disaster initiatives to military needs, there’s a wide spectrum of institutions that depend on telecom to provide safety.
The government invests heavily in communications systems as a means for enabling security agencies to counter threats and safeguard its people from harm. Overseas sources pose potential risks of security breaches and therefore aren’t a reliable source.
#3. It Empowers Participation
Communities in remote regions were once unable to access vital resources. Now, because of telecommunications, these locations can procure goods and services via ships or aircraft and systematize development initiatives. This type of accessibility allows for the growth and development of our entire society.
#4. It’s an Economic Booster
According to Statista, the telecom sector is responsible for an estimated global spend of $520 billion annually. The frontrunner, unsurprisingly, is the U.S., boasting one of the largest telecom markets in the world.
That’s a good thing for our country, as the economy benefits from the growth and development of the telecoms sector. So, why is the telecommunications industry so prevalent in the U.S.?
Firstly, it encompasses the following subsectors:
- Cable distribution
- Telephony, including Voice over Internet Protocol (VoIP)
- Satellite telecommunications
- Wholesale Telecommunications resellers
Each of these sectors employs over 727,000 people and provide average hourly earnings of around $37, according to the Bureau of Labor Statistics.
#5. Encourages Education
Thanks to technological advances, people have access to learning opportunities outside of traditional schooling. Today, you simply need a computer, smartphone, and the internet to conduct a search, read a tutorial, or watch a how-to video on virtually any subject matter.
Some of the largest institutions are now leveraging telecommunications to deliver long-distance or remote education. This is extremely cost-effective for students, allowing them to conserve money that would otherwise be spent on housing and travel.
What’s more, online courses provide students with the flexibility and freedom to accommodate both their work obligations and studies. Social media has also become an important vehicle for classmates and teachers to connect and share information.
#6. It’s Transformed the Business World
Companies are now relying on telecommunications to foster operational efficiency and stimulate steady growth. Want to fully comprehend the full scope of benefits telecom provides businesses?
Let’s dig a bit deeper…
Benefits of Using Telecommunications in Business
#1. Advanced Communication
Telecom services provide the platform necessary for data to be exchanged electronically – whether that be through wireless or wired means.
Documents, analytics, reports, emails, you name it, can be shared with your colleagues in the cubicle next to you, to a client on the other side of the country, or one of your offices abroad.
Now with tablets and smartphones, businesses can leverage mobile communication to streamline workflow and productivity. Employees can use their devices to access certain applications, respond to emails, work on presentations, and participate in teleconference conversations.
#2. Improved Collaboration
In today’s business world, many organizations employ cross-functional teams to tackle new products, corporate initiatives, marketing campaigns, etc.
To ensure projects are progressing as forecasted, these teams likely connect regularly to discuss the status of the deliverables, share ideas, and address any unforeseen hurdles that may arise.
With telecom services, these teams are equipped with the technology necessary to collaborate from any location – allowing for optimal productivity, enhanced connectivity, and increased teamwork.
#3. Enhanced Flexibility
The number of people who work from home has increased a whopping 115% since 2005 according to Global Workplace Analytics. With that in mind, if your B2B business has remote employees or your staff tends to travel frequently for meetings, telecom services are an effective means for staying connected and in-the-know.
#4. Better Customer Service
Being able to access the internet at all hours of the day is a crucial facet of delivering high-quality customer service.
How your business communicates with customers (and potential customers) will reinforce brand loyalty, help your team build better relationships with prospects and clients, and increase retention. However, unless you have a dependable connection, pulling this off just isn’t possible.
Telecommunication has completely transformed how people communicate and navigate their personal and professional lives. With an ever-present need for humans to connect and communicate, this industry is slated to continue its upward growth.