New Delhi – The Indian telecommunications industry is on the cusp of a remarkable transition fueled by the widespread incorporation of Artificial Intelligence (AI), according to a report from leading data and analytics company, GlobalData.
GlobalData’s report predicts an impressive growth trajectory for the Indian telecom industry, with a projected compound annual growth rate (CAGR) of 2.4%, elevating the market value to $41.1 billion by 2026. This rapid acceleration is powered by the AI-revolution, catalyzing a transformation set to bestow operators with a unique competitive advantage.
According to Shri Charan Padala, a Principal Analyst in the Thematic Intelligence team at GlobalData, the escalating demand for data volume far exceeds the current network capacity. The strategic integration of AI in areas such as network management is tipped to ameliorate these discrepancies, thereby optimizing spectrum management, enhancing network security, and improving overall service reliability.
A game-changer for the telecom industry is AI’s capability to establish self-optimizing networks that can swiftly adapt to dynamic traffic loads. By tapping into advanced AI technologies, operators can promptly identify and rectify network anomalies, thus drastically reducing the likelihood of service disruptions – a critical facet for behemoths like Bharti Airtel and Reliance Jio that bank heavily on seamless service delivery for maintaining customer satisfaction and preserving revenues.
Additionally, the growing menace of SIM card swapping fraud, which has been causing financial losses due to unauthorized transactions, has a formidable opponent in AI. With the advent of embedded SIM (eSIM) technology and the supportive role of AI, telecom operators can effectively neutralize threats to physical SIM cards from tampering and misuse, and proactively combat fraudulent activities.
AI not only bolsters defense mechanisms by identifying suspicious transactions in real-time, but it also enables continuous monitoring and optimization of SIM security features. This proactive approach guarantees subscribers’ data security against breaches.
“As AI assumes a pivotal role in India’s telecom industry, it’s a harbinger of a new era marked by phenomenal growth and robust defense against emergent challenges,” Padala concludes. “By harnessing the power of AI, the Indian telecom sector can elevate customer experiences, safeguard revenues, and bolster data security. The stage is set for a win-win outcome for operators and consumers alike.”
