Data Management: Driving Value Through Data Governance for a Leading Telecommunications Equipment Industry Client
The client: A leading telecommunications equipment company Area of engagement: Merchandising Analytics The telecommunication equipment industry comprises of companies that produce technologies and offer services to facilitate communication. Major end-products include chipsets, wireless infrastructure equipment, cell phones, cable modems, digital subscriber line (DSL), switches, and routers. Additionally, the global telecommunication equipment market is highly diversified […]READ MORE >>
The client: A leading telecommunications equipment company
Area of engagement: Merchandising Analytics
The telecommunication equipment industry comprises of companies that produce technologies and offer services to facilitate communication. Major end-products include chipsets, wireless infrastructure equipment, cell phones, cable modems, digital subscriber line (DSL), switches, and routers. Additionally, the global telecommunication equipment market is highly diversified and consists of telephone companies, universities, commercial businesses, and multi-national corporations. Though spending on telecommunication is considered to be non-discretionary, many customers will delay plans to expand their telecom systems or purchase better products during an economic downturn.
The Business Challenge
Company Description– A leading telecommunication industry client, specializing in the manufacture and distribution of telecommunication equipment to several leading firms across the globe.
The client approached our team of data management experts to help them develop an enhanced database management system. The telecommunication equipment industry firm was looking at employing a data governance system to improve the quality of data and offer consistent and trusted data to make critical business decisions.
With the help of Quantzig’s database management solutions, the telecommunication equipment company wanted to restrict unauthorized access and reduce the inconsistencies in data. Moreover, the client also wanted to enhance benchmarking, auditing, database design and system tuning to measure the ongoing success of their database strategies.
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The Solution and the Business Impact
Leveraging Quantzig’s database management solution assisted the telecommunication equipment manufacturer to manage the long-term quality of data and get a better handle on data as a strategic asset. The solution offered also helped the client:
- Maximize the use of data to make decisions
- Improve data quality
- Improve business planning
- Enhance financial performance
- Maximize profits
Moreover, our database management solutions helped them to develop a system that offers better access to data; thereby, enabling faster sales cycle and a more advanced decision-making process.
Database Management Predictive Insights
Database management has become an essential part of telecommunication equipment manufacturing organizations today, owing to the immediate and cumulative benefits of actively managing and governing data. However, to achieve maximum benefits from data, organizations should focus on differentiating the roles of a database management system. Furthermore, there is a gradual shift in focus from monetizing direct and indirect data benefits to having a robust data management system.
Therefore, it is strongly recommended that precise data management systems should include an assessment plan before enabling standardized services focused on data quality of any other dimension.
Quantzig’s database management solution allows clients to develop strategies to enhance their business operations using valuable data-derived insights. It is also designed to enhance the overall data management capabilities of an organization.
Latest telecommunication equipment industry trends:
- Increase in the deployment of LTE networks- Long-term evolution or LTE is a standard for high-speed wireless communication for data terminals and mobile devices, based on the GSM/EDGE and UMTS/HSPA technologies. It offers several advantages to telecommunication equipment manufacturers, thereby increasing the deployment of such networks.
- The popularity of Chinese equipment vendors- The global telecommunication equipment sector has been witnessing an increase in popularity of Chinese equipment vendors. Several factors such as lower prices and better quality are contributing to its global demand.