A comprehensive review of strategic management practices in satellite telecommunications, highlighting the role of data analytics in driving operational efficiency and competitive advantage
1 Independent Researcher, UK.
2 Christfill Global Enterprises, Lagos Nigeria.
3 Havenhill Synergy Limited, Nigeria.
Review
World Journal of Advanced Engineering Technology and Sciences, 2024, 11(02), 201–211.
Article DOI: 10.30574/wjaets.2024.11.2.0099
Publication history:
Received on 01 February 2024; revised on 13 March 2024; accepted on 15 March 2024
Abstract:
Satellite telecommunications play a crucial role in modern connectivity, enabling global communication, broadcasting, and internet access. This paper presents a comprehensive review of strategic management practices in the satellite telecommunications industry, with a particular focus on the role of data analytics in enhancing operational efficiency and achieving competitive advantage. The satellite telecommunications sector is characterized by rapid technological advancements, evolving market dynamics, and increasing demand for bandwidth-intensive services. To thrive in this competitive landscape, companies in the industry must adopt strategic management practices that enable them to effectively leverage their resources, capabilities, and market opportunities. One of the key strategic management practices in satellite telecommunications is the integration of data analytics into business operations. Data analytics encompasses the collection, analysis, and interpretation of large volumes of data to extract valuable insights and inform decision-making. By harnessing the power of data analytics, satellite telecommunications companies can optimize their network performance, enhance customer experience, and drive innovation. Data analytics can also help companies in the satellite telecommunications industry to identify new market trends, customer preferences, and competitive threats. By analyzing data from various sources, including satellite sensors, customer feedback, and market research, companies can gain a deeper understanding of their operating environment and make informed strategic decisions. Furthermore, data analytics can enable satellite telecommunications companies to enhance their operational efficiency by optimizing resource allocation, minimizing downtime, and improving network reliability. By using predictive analytics, companies can anticipate equipment failures and proactively address potential issues, thereby reducing maintenance costs and improving service quality. In conclusion, this paper highlights the importance of strategic management practices in the satellite telecommunications industry, with a focus on the role of data analytics in driving operational efficiency and competitive advantage. By adopting data-driven decision-making processes, satellite telecommunications companies can position themselves for long-term success in a rapidly evolving industry landscape.
Keywords:
Strategic Management; Satellite; Telecommunications; Data Analytics; Efficiency
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0