Explore Valicom's blog for essential industry insights and updates. Stay informed and empowered with the latest in technology expense management.
In today's fast-paced and competitive business landscape, staying ahead of the curve is paramount for success. Technology Expense Management (TEM) is one area that can significantly impact your company's bottom line and operational efficiency. While developing a customized TEM software solution from scratch may seem tempting, there's a smarter and more cost-effective approach: white labeling.
Delivering exceptional value to your clients is essential for long-term success. In today's rapidly evolving technology landscape, staying ahead of the competition requires innovative solutions that drive savings, control, and efficiency. That is where a strategic partnership with Valicom, a leading Technology Expense Management (TEM) partner, can transform your business.
Cybersecurity was already a major priority in the industry long before the pandemic. Nowhere is this truer than in utilizing 5G networks without compromising security. In a conservative approach, organizations presumed they were safe if they kept their systems closed. However, that is no longer a certainty.
Connected devices now occupy space in nearly every home and business. These systems impact the local Wi-Fi network by greatly expanding the number of connected devices needing high bandwidth, low-latency communication. Wi-Fi 6 offers solutions to congested local networks via multiuser and network scheduling technology to manage the data flow to each device.
With 5G networks delivering faster download speeds and low latency, the industry may soon see new applications and services that take advantage of the greater bandwidth. However, right now, carriers are struggling to find enough people to sell the services and build new networks.
Major players such as T-Mobile, Verizon and AT&T are launching 5G into as many markets as possible as quickly as possible. The question is, will they be able to muster enough telecom workers to deliver on widely publicized predictions about the sea-level changes in the works.
We have all seen the lasting effects of the pandemic on jobs in the US. Purchasing departments face interesting challenges as we move through 2021. Technology has come a long way and is aiding the retirement of baby boomers and high unemployment rates.
There are many challenges when it comes to keeping track of data inventory, telephone lines, and network, wireless and mobility assets. With the right telecom inventory management system, you can track, budget, and utilize or decommission assets effortlessly. Understanding the key challenges in telecommunications inventory management can help you streamline your telecommunications equipment and services.
Valicom provides inventory management services for telephones, fiber optics, microwave communication equipment, Wi-Fi, telephone lines, and internet services. With the right tools, you can stick to your telecom budget and ensure accurate monthly billing for everything from mobile devices to telephone lines.
Global organizations rely on telecom inventory to connect different office locations, suppliers, customers, and remote employees seamlessly. It's important to have one central location to store telecom inventory, usage, and other relevant factors. Managing telecom inventory is paramount to the success of your organization, but it’s far from simple. Here are five key challenges to address when considering inventory management solutions.
According to predictions from IBM, edge vendors will take five points of market share off cloud growth in 2021. Due in part to the pandemic, cloud revenue exceeded all expectations in 2020. However, edge computing may continue to slow down the cloud’s rising star. Let's take a look at one of the top tech trends emerging from this cool new technology.
Organizations use cloud computing to process stored data. Edge computing, by contrast, gives companies access to data in real-time. Real-time may be a relative term since latency continues to be a challenge that edge computing developers contend with. In remote areas, edge computing is a bonus because there is limited or no centralized repository for connectivity.
At a high level, there are three types of audits: internal, external, and IRS. Of course, you have no control over when the IRS comes around, but the right mix of internal and external checks can help you keep your costs under constant scrutiny while keeping your books in order — which can't hurt if Uncle Sam does decide to take a dive into your telecom records.
Let's take a look at internal and external audits, which you can control and use to monitor your telecom spend.
Our Annual Celebration looked a little different for Valicom this year. Instead of meeting at one of our favorite local restaurants, The Great Dane, or meeting for a night at The Comedy Club, we gathered at our computer screens, everyone to their own. Don’t worry, this isn’t the start of a sad story, I promise! It’s the start of one filled with gratitude.
The Telecom Expense Management Market, estimated at $1.45 billion in 2019, may reach $1.89 billion by 2027. That represents a compound annual growth rate (CAGR) of 3.65%. Another study, adjusted for the impact of COVID-19, projects a CAGR of 14.5% through 2025.
Telecom Expense Management has become an essential part of the tech stack at companies of all sizes and across most industries. Two transformative trends mostly drive this:
Increased need for efficient TEM practices
Expansion of business telecom infrastructures
If you need assistance with your telecom expense management, contact the experts at Valicom to tailor a solution for your company.
Backscatter networking has been named one of the top three trends of the future by CIO Review. This technology provides a nearly limitless network lifetime for IoT devices that currently run on finite batteries. A backscatter network transmits data using very little power. It targets small networked equipment and uses wireless pulses for power. Backscatter networking works well in areas saturated with wireless signals and can power simple IoT devices in smart homes and offices.
If your telecom and technology management systems are outdated, you are wasting time and money. One of the biggest wastes is that in managing everything the old-school way, in spreadsheets or desktop software. Follow along as we uncover why it is critical for complex telecom environments to manage their infrastructure, contracts, and invoices in an intuitive cloud-based solution instead of tedious, error-prone, and heavy updates of your outdated solutions.
In telecom, as in many other sectors, the pandemic accelerated a move to digital communications and activity among both consumers and employees. During this transition, the telecom industry will continue to serve as a foundation to build digital assets and improve performance in this increasingly crowded space.
The growth of the digital economy combined with sophisticated data management and analysis makes 2021 an exciting time to be in the telecommunications business. One area that enterprises are focusing on includes SASE (“sassy”). Keep reading to learn more about how to implement this technology and stay ahead of the competitors in your industry.
The COVID-19 pandemic has underscored challenges facing the telecommunications industry. It’s time to make bold moves to help your company. There are areas of opportunity for telecommunications leaders to consider in their recovery strategies.
Here are three ways to thrive in 2021:
Focus on customer needs with a nuanced customer engagement approach.
Upgrade the customer experience with new service offerings and adopt agile business models.
Position your branding in a way that maximizes secure wireless networks and includes this technology in your services and business models when possible.
