How (Gen)AI is Changing the Game

By Tibor Mérey, Boston Consulting Group

The integration of Generative AI (GenAI) into various sectors marks a significant transformation, especially within the telecommunications industry. These technologies are not isolated innovations but components of an augmented world where they amplify each other’s potential.
 

Did you raise your hand? (Illustration: BCG)

BCG X and the Power of GenAI

At Boston Consulting Group (BCG), we leverage GenAI through our BCG X design & build unit, combining AI with human expertise to drive innovation. For instance, our collaboration with corporate clients illustrates how GenAI can revolutionize operations. In one project, we helped a client streamline their complex bidding process. Traditionally, such a process required extensive human input and weeks of back-and-forth. By integrating a GenAI-powered tender assistant into their workflow, embedded in tools like Microsoft Word, the client reduced the bid creation time to mere hours, involving fewer personnel and ensuring higher precision.

Transforming Network Operations

GenAI’s application extends to network design and maintenance. In the telecom sector, AI-driven tools are optimizing network layouts based on geographic and scalability data. This approach not only accelerates the design process but also enhances security and cost-efficiency. For example, BCG X has developed an AI tool that allows telecom engineers to input geographic maps and technical requirements, generating optimized network layouts. This tool also suggests appropriate hardware and security measures, significantly reducing the time and effort required for these tasks.

Customer Service Innovation

Customer service is another area where GenAI is making a significant impact. AI-driven interactive voice response (IVR) systems and service chatbots are transforming customer interactions. These systems analyze customer data to generate personalized responses, enhancing customer satisfaction and reducing service costs by 25-35%. For Swiss telcos, implementing such AI solutions could lead to faster resolution times and improved customer experience.

Gear Guru - Field Maintenance Revolution 

An exemplary GenAI application is the Gear Guru tool, which uses AR and AI to assist field technicians in real time. This tool provides interactive, step-by-step guidance for diagnosing and repairing equipment, leveraging extensive knowledge bases. In practical terms, a field technician using Gear Guru can access historical data, diagnose issues using AR overlays, and receive AI-generated instructions. This has resulted in a 30% reduction in downtime and maintenance costs, proving particularly beneficial for telecom operators or other players managing extensive field operations.

The Swiss Context

Swiss telcos are uniquely positioned to benefit from these advancements. The country’s strong emphasis on data security and advanced infrastructure supports the adoption of GenAI technologies. However, the regulatory environment also presents challenges that require careful navigation. Ensuring compliance while integrating AI-driven solutions is crucial for leveraging these technologies effectively.

Future Prospects (Illustration: BCG)

Future Prospects

Looking ahead, the potential for GenAI to drive further innovation in the telecom sector is immense. From enhancing customer interactions to optimizing network operations and supporting field maintenance, the applications are vast. Swiss telcos and tech companies that invest in these technologies and navigate the regulatory landscape effectively will be well-positioned to lead in this augmented world.

In conclusion, the integration of GenAI into telecommunications represents a transformative shift. By leveraging the capabilities of AI and human expertise, companies can achieve unprecedented efficiencies and innovations. As we continue to explore and harness the power of GenAI, it is crucial to remain mindful of its implications and strive for solutions that enhance both business outcomes and human experiences.

 

 

Tibor Mérey

Tibor Mérey is Managing Director and Partner at Boston Consulting Group in Vienna and one of their global metaverse experts.