Asian telcos need «destructive innovation»

Fiona Chau
19 Nov 2010
00:00
News
Daily News

Asian telcos need “destructive innovation” as the telecom business transits from hardware, walled gardens and wireline to software, open ecosystems and wireless.

Hyun-Myung Pyo, president of KT’s mobile business group, told Mobile Asia Congress attendees on Thursday that faced with challengers like Apple and Google, operators needed to change their mindset.

Pointing to a survey of the world’s 30 most innovative companies by Business Week and Boston Consulting Group, he said half of the companies listed were from the technology sector, but not a single telco was on the list.

The industry is moving towards an “OMPD – one person, multiple devices” era and it needs to “change its mindset and collaborate with other industries to provide seamless services” to meet diverse customer needs, Pyo said.

He pointed to cloud computing as one of the big opportunities.

“Telcos can create a new business model through cloud computing, and with it telcos could be competitive if we take advantages of our own strength – network infrastructure and service provision,” Pyo said.

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