Wavenet & Smart Axiata Discusses ‘Data Strategy’ at Digital Transformation World 2020
Colombo: Global Wavenet CEO, Suren Pinto yesterday, joined forces with Smart Axiata CIO, Kalyan Achyutuni, to discuss how a powerful data strategy can strategically transform a CSP organization’s data into critical revenue streams at the Digital Transformation World series 2020 event.
The DTW 2020 event commenced on 7th October and will run until 12th November 2020 and is hosted by the telco industry catalyst of change, The TM Forum. This event is attended by industry experts and thought leaders in the telecommunications space. Topics at the event covered six key themes and on trending topics such as 5G, IOT, B2B2X revenue streams, AI-driven insights and action generation, automation, strategies for competitive leap, and much more.
The speaker session hosted by TM Forum including Wavenet and Smart Axiata, took place on 22nd October 2020 on the topic around building a data strategy and data culture in a telco organization. Today, data owned by an organization forms an important part of a set of business tools which can become an integral ingredient in future-proofing business growth and in a highly competitive environment.
Kalyan Achyutuni, CIO of Smart commented on this occasion: “The new telco CIO today is focused on developing a business blueprint that governs how data is strategically identified, managed and consumed for meeting technology outcomes, and one that changes the game for large blue-chip telecommunication operators such as Smart Axiata. An innovative data strategy creates the technology plan that determines the technical execution of the company, including reference architecture, governance, and use case prioritization, assists the company in creating a digital-first organization with skills required to meets technology demands”.
Wavenet CEO, Suren Pinto added: “Today, for CSPs organizations that are operating in such diverse market conditions, it is even more important to create internally, a culture that is infused with data-centricity in order to be able to exploit and identify key data insights to deliver value. CXOs need to exploit the wealth of information already available to the organization and shift existing business models to gain a competitive edge. For example, shifting form a batch-oriented architecture and operational model to an ‘event-driven’ architecture, and using a company-wide focus on applications and analytics will give the CSP a definite revenue and a competitive edge”.
