Study: The Digital Challenge | Page 8

08 In the B2C context, new business models can be divided into the fields of entertainment and communications. For the field of entertainment, the surveyed study participants mentioned alliances with OTTs regarding music and video, content streaming apps for live broadcast or Video on Demand and pay TV offerings with partners. According to the study’s findings, approaches for new business models in the field of communications might involve apps and digital customer channels in customer services or messenger platforms. But telcos have confidence in themselves. Most of the interviewees considered their own company to be rather more innovative compared with its direct competitors. The companies that are headquartered in Europe and the United States in particular believe that they are innovative, whereas four out of six representatives of companies in the emerging markets (UAE, Saudi Arabia, Russia, India, Pakistan) and Bangladesh assigned a relatively low value of five to their companies (i.e. neither out in front of nor behind the competition). However, the gaps between various companies in the market are judged to be relatively small, and every company also believes that there is room for improvement within their own entity with respect to innovation and digitalization. HOW TELCOS RATE THEIR INNOVATIVENESS “If you take a look at your direct competitors - how innovative in the field of digitalization do you see your company compared to your competitors on a scale of 1 to 10? 1 means substantially poorer than competition and 10 means significantly better than competition in terms of innovation.” EMERGING MARKETS (incl. Bangladesh) DEVELOPED MARKETS substantially poorer than competition significantly better than competition # of mentions 1 2 3 4 5 6 7 8 9 10 (N=15)