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TELCO BUSINESS

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Artificial intelligence is exerting its influence on almost every sector, including telecommunications. This technology has begun to add impressive new dimensions to many industries, accelerating the digital transformation. According to Tractica, annual investment in telecommunications AI software is expected to grow to more than $11.2 billion in 2025.   The telecommunications industry is at the heart of technological growth and digital transformation. The industry is huge, with 54 telecommunications companies being listed on the Forbes Global 2000 list, accounting for more than $3.4 trillion in assets and almost $1.5 trillion in income in 2020.   The potential of AI in the telecom industry is immense. By taking advantage of this technology, organizations can create supplementary revenue streams using business niches they had not even thought could be profitable. As the demand for higher quality telecom services and a better customer experience grows, service providers need to look for smarter, more…