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Let’s Talk Telecom: The Impact of the 5G Revolution on How Companies Run & are Led

Terry Farber Eliasaf | Nov. 10, 2022

5G technology is taking all industries by storm, but with new technological advances, comes the need for new leadership strategies, and an intrinsically collaborative approach. Discover how your business could benefit from 5G, and how Hunter can help with its integration.

Like most industries in the digital era, the telecommunications industry has been undergoing some major changes. Today, more information can be digitally exchanged over longer distances and more types of media - telephones, the internet, television, radio, etc. - than ever before, with an increasing number of companies looking to penetrate this plethora of opportunities, and boost their revenues. This is true for telecom companies, as well as for telecommunications teams within non-industry-related organizations, across the board, leading to an extremely saturated market. The need for agility is great, and the pursuit of cross-sell opportunities capable of improving customers’ digital journeys at scale, has never been more pressing.

Enter 5G technology. Not one decade after the release of its older “sibling,” 4G, this next-generation mobile technology enables the virtual connection of everyone to everything - machines, devices, and other static objects - with ultra low latency, massive network capacity, higher reliability and availability, and extreme speed. Ten times faster than its predecessor, 5G not only supports superior mobile and broadband experiences, but it also natively supports a wide range of services,, including smart cities, automated machines, telemedicine services, and others.

22.8 million new jobs created & $13.1 trillion in expected global economic output by 2035

Recent studies indicate that the economic impact of 5G technology is greater than that of any telecommunications innovation developed before. While only time will tell what exactly the impact of 5G will be on the economy as a whole, it is clear that it will be instrumental in driving economic growth through the creation of new jobs to install and maintain the necessary infrastructure, run requisite IT activities, and manage communications between companies and their ever-expanding, global audiences. This, in addition to the collection of more information on company activities, and faster access to said data, by all relevant stakeholders.

Aside from the telecom companies making use of 5G for their own operations, other industries, such as manufacturing, have implemented private 5G cellular networks to create Industrial IoT environments that help prevent downtime. Healthcare institutions are using 5G to secure patient confidentiality, and municipalities use 5G to track and manage services, such as waste management and water treatment, to name a few. For each of these use cases, there is a need for the right, skilled talents to join dedicated teams within companies outside of their specific industries, learn as much as they can about the field in which they’ve entered, and connect the tech to the task at hand.

After all, the advent of 5G has, to a degree, changed the types of professionals needed for each job; some have been made redundant, while others (more specialized, telcom positions) are now in demand. Job opportunities abound; it’s up to job seekers and search professionals alike to identify leaders in each field, connect, and offer/engage in the necessary training and development, to take relevant opportunities by the horns.

The 5G revolution extends to companies’ leadership

Leaders, it’s time to embrace the change that 5G brings; it’s the best way to grow in new and exciting ways. These days, it’s not enough to simply “go digital;” you have to “become digital” as well. Practically speaking, this means building a corporate culture that promotes innovation - transforming the processes you use and upskilling your teams to create and leverage 5G-powered solutions.

As leaders, you must be involved in this transformation, every step of the way, from ensuring that they, themselves, possess necessary knowledge and proficiency in 5G, to searching for - and hiring - the right telcom experts to join their non-telecom corporations. It’s up to you to display strong leadership and guide your teams through any strategic and/or operational challenges that might come their way, as they adapt to the new and increased levels of communication, collaboration, and innovation, brought on by integrating 5G. Here, motivating teams to work together and in sync with one another (including telecom teams within non-telecom companies) so that they all feel valued for their human contributions to an ever-digitizing workplace.

In addition, your leadership needs to extend to encouraging collaborations and partnerships with other companies and parties, so that the sum of each of your contributions is greater than any individual activity. You will need to set any competitive ego aside, in favor of what’s in your organization - and your customers’ - best interests, and make the most of the niche knowledge and experience various experts hold, to take your 5G transformation to epic levels. Of course, it goes without saying that seeing projects through, even when challenges arise, is key. The example you set, is the one your teams will learn to emulate.

Going beyond to make a 5G-grade impact, for your organization

At Hunter, we understand the complexities involved in integrating new technologies, regardless of the industry you’re in. To help you make a significant, positive impact on your company while leveraging the opportunities 5G technology brings, we aim to help you ensure your entire organization embraces the 5G revolution. We make it our mission to help you adapt your leadership strategy and practices to those that secure a more seamless, connected, company experience, and provide you with the executive search and development services you need, to transition to 5G, and take your respective industry by storm.

How are you planning to connect your teams, through the power of 5G?