This is a snippet of the transcript, sign up to read more.
I think these companies are obviously focused on avoiding risk. It's quite risky to replace a major system. For example, at AT&T, the group that oversaw the product was called Tech Dev. It was very bureaucratic there, and they had what they called their core key platforms. SMP was considered one of those. It was so critical that it received the highest level of monitoring, maintenance, and support. Additionally, if a new group wanted to implement service orchestration or automate workflows, they had to try using our platform first and prove that it didn't work for their business purposes before they could purchase new competing software or build something from scratch. In that way, it was process-wise sticky. You can imagine that if this platform is integrated into mobile apps, used by technicians who are trained and comfortable with it, and relied upon by support agents to assist customers, replacing all of that would be quite difficult. On the device management side, you have all the data and history to maintain. Migrating that to a different platform would be an incredibly difficult and risky exercise.
This is a snippet of the transcript, sign up to read more.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2024 IP 1 Ltd. All rights reserved.