FEATURE implement a new singular proposition or project in silo with existing infrastructure .
While this fixes the imminent issue , it doesn ’ t support the organisations ’ long-term technological development . Siloed systems aren ’ t something to shout about either – they prevent overall visibility of a business ’ data and activity and arguably create an even more complex , entangled system than the original legacy system that was in desperate need of an upgrade .
While the sunk cost fallacy is a problem that all organisations face , it is particularly pertinent in telecoms , where established service providers ( SPs ) implemented a system ten or 20 years ago and are unwilling to let it go . It ’ s also common that , despite being new to market , hyper agile and successful in their own industry , a business faces hurdles when it wants to move into a vertical or offer a different suite of services .
Short-term pain , long-term gain quick changes , add new functionalities and react to market fluctuations . But the sunk cost fallacy is preventing SPs from making this switch .
There ’ s also an added layer of complexity pertinent in telecoms too , in that established SPs have a longstanding tendency to keep all of their technological development in-house . While this strategy worked ten years ago , it ’ s no longer fit for purpose . Across any industry , the businesses that are disrupting the market are those partnering with external experts .
According to Equinix , 62 % of IT decision-makers globally cite a shortage of talent as a principle threat to their business ’ success . There simply isn ’ t enough talent for each SP to have its own in-house team implement a successful Digital Transformation . Additionally , the expertise of an in-house team will never contend with the expertise of a partner , that specialises in and has the experience in supporting several SPs to do the same thing .
It ’ s clear that in the long-term , the ideal solution is to transform the technology stack into a digital , agile platform that has the capability to make
In order to untangle the web that legacy systems often create , organisations need a sophisticated platform that either replaces the old system or
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