There has been significant growth in the global GIS market over the past several decades. The GIS market in the telecommunication industry is one of the fastest-growing GIS markets worldwide.
So fast, in fact, it has a forecasted compound annual growth rate (CAGR) of 12% from 2021 to 2025. A large part of this growth is due to the need for stakeholders to understand the network structure on a near real-time basis.
GIS is crucial for giving regulators the information they need to build and run cheaper infrastructure.
On this episode of Fiberside Chat with 3-GIS, host Tyler Kern talked with Michael Measels, VP Product Management at 3-GIS, and Randall Rene, Industry Solutions Specialist at 3-GIS.
The trio talked about the value of GIS in the telecom enterprise. One way GIS is used to increase speed in the market. There are a few different ways to look at this, according to Measels.
He noted the importance of thinking about this from a strategic and financial mindset. If you look at GIS through the lens of investor or CFO, it is essential to define speed to market.
“But, I think you can look at it from the CFO’s perspective, in terms of what the investor may or may not be looking for,” Measels said. “In terms of that construct, you need to look at defining speed to market, reducing churn and reducing the cost of network buildout, and, ultimately, providing an opportunity for future investment.”
Listen to learn more about the value of GIS in the telecom enterprise.