How can observability help telecom providers accelerate 5G monetization
Blog post from Elastic
Telecom providers are at a pivotal moment as they aim to monetize their 5G networks, which have required significant investment. Unified observability is essential for leveraging data to unlock 5G monetization opportunities, such as network slicing and Network Data Analytics Functions (NWDAF). Network slicing, estimated to be a USD 200 billion opportunity, allows telecom providers to offer tailored connectivity and data services. NWDAF enables standardized data management and automation in network operations, crucial for managing the complexity and volume of 5G-generated data. Despite the potential, telecom companies face challenges like underutilization of data resources and data silos, with a small percentage effectively monetizing customer data. A unified observability approach can overcome these hurdles by integrating security measures and employing machine learning for automation, thereby enhancing network performance, reducing costs, and driving innovation. As 5G networks evolve, telecom providers must address these data challenges and seek partnerships to scale their offerings, ensuring agility and avoiding vendor lock-ins to successfully design next-generation telecom services.