Sectors / Technology, Media & Telecommunications
The convergence of technologies presents both opportunities and challenges for companies across industries, necessitating a deep understanding of Technology, Media & Telecommunications (TMT) leadership.
Technology, Media & Telecommunications (TMT)
The convergence of technologies presents both opportunities and challenges for companies across industries, necessitating a deep understanding of Technology, Media & Telecommunications (TMT) leadership. Legales partners with multinational corporations, startups, and investment firms to develop robust leadership teams within the TMT sector worldwide.
Key Challenges Facing the TMT Sector
Cybersecurity and Data Privacy Risks
Heavy reliance on ICT presents significant cybersecurity challenges.
Insufficient data protection can be deemed unfair.
A new framework with substantive data privacy and security limits is needed.
Regulatory Scrutiny and Compliance
Increasing scrutiny on net neutrality, discrimination, antitrust, and privacy.
Compliance with acts like Digital Services Act and Digital Markets Act.
Focus on regulating platforms, content moderation, and Section 230.
Rising Costs and Economic Pressures
Telecoms face inflation challenges, especially with rising energy costs.
Pressure to moderate consumer price increases amid rising costs.
Cost-cutting measures via automation, efficiency, and decommissioning are necessary.
Talent Acquisition and Retention
67% of leaders view talent as a major risk.
Need for meaningful work, learning, and well-being support to improve retention.
Upskilling employees for future-relevant skills.
Geopolitical Tensions and Trade Conflicts
US-China tensions impact investments and growth.
Efforts to safeguard US tech and data through advanced tech policies.
Managing risks from potential new rules on neutrality, M&A, and sustainability.
Impact of Quantum Computing in TM
Quantum computing will significantly affect the Telecommunications, Media, and Technology (TMT) sector:
Cybersecurity Threats: Quantum computers jeopardise current encryption methods, exposing sensitive data to future decryption technologies.
Need for Quantum-Safe Encryption: TMT companies must adopt quantum-resistant encryption standards to defend against threats.
Efficiency Gains: Quantum computing optimises processes like network design, enhancing performance and cost efficiency.
Potential for Quantum Internet: Quantum technologies may lead to a more secure and faster "Quantum Internet," creating new business prospects.
Urgency to Prepare: TMT firms must act now to prepare for quantum's impact, investing early to mitigate future risks.
In summary, quantum computing will disrupt the TMT sector, offering both challenges and opportunities. Proactive companies that address quantum threats will thrive in this new era. Legales specialises in crafting effective leadership solutions for TMT companies at all growth phases. Our team offers expertise in Core Tech, Tech Services, and sectors influenced by technology such as Consumer Tech, FinTech, and HealthTech. We support clients across venture capital, growth equity, private equity, and publicly listed companies.
Sector Expertise
Technology:
Hardware & IoT (Internet of Things)
Software & Cloud Computing
Artificial Intelligence (AI) and Machine Learning
Cybersecurity
Digital Infrastructure
Connectivity (Telecommunications networks and services)
Media:
Entertainment (Film, TV, Streaming Platforms)
Publishing (Books, Magazines, News Media)
Advertising and Marketing
Gaming (Video Games, Esports)
Music and Audio Content
Telecommunications:
Mobile Networks (5G, LTE)
Fixed-Line Networks (Broadband, Fiber Optics)
Satellite Communications
Internet Service Providers (ISPs)
Telecommunication Equipment and Devices
Partner with Legales to access unparalleled expertise and strategic leadership solutions tailored to your TMT business needs.