Saving on costs is one of the main benefits derived from any digitization process. And the best way of achieving this is digitizing the aspects of a business that have the greater impact on the company’s profitability.
According to a survey by McKinsey, around 80 network operators worldwide have revealed that there is a strong correlation between 5 specific aspects of the business and their potential benefits if they go digital. The study highlights that telcos that have undergone digital transformation of these 5 aspects have increased their profit margin to 43%, while those who have not reach, on average, a much more modest 21%.
What are the 5 areas within telecom companies that must be prioritized for digitization to maximize overall profitability?
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