IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

New Business Development Strategy of Telecommunication Operators Based on a Smart Energy System: Case of KT-MEG (Enhanced)

New Business Development Strategy of Telecommunication Operators Based on a Smart Energy System: Case of KT-MEG (Enhanced)
View Sample PDF
Author(s): Junghwan Lee (Chungbuk National University, South Korea)and Dongwook Kim (Korea Advanced Institute of Science and Technology, South Korea)
Copyright: 2022
Pages: 15
Source title: Handbook of Research on Developing Circular, Digital, and Green Economies in Asia
Source Author(s)/Editor(s): Patricia Ordóñez de Pablos (The University of Oviedo, Spain)
DOI: 10.4018/978-1-7998-8678-5.ch012

Purchase


Abstract

This research studies the case of KT to see how a mobile operator expanded beyond its existing offerings to new smart energy business based on digital technology. Details were analysed specifically on how the business was developed, why the smart energy service was started, and what the success factors were. KT's smart energy business (KT-MEG: KT Micro Energy Grid) utilizes ICT to resolve energy issues such as global climate change and energy consumption growth. It also provides growth opportunities for KT with its KT-MEG platform. The authors analyze that KT was able to leverage sustainability as a new growth engine by developing new businesses to differentiate customer experience, create effective organization structure, and generate business impact in addition to application of latest ICT technologies such as artificial intelligence, IoT (internet of things), and big data. The results provide a good guideline for business transformation of ICT firms in the era of Industry 4.0.

Related Content

Iris-Panagiota Efthymiou, Symeon Sidiropoulos. © 2024. 24 pages.
Nitish Kumar Minz, Anshul Saluja. © 2024. 29 pages.
Iris-Panagiota Efthymiou. © 2024. 24 pages.
Antoine Toni Trad. © 2024. 43 pages.
Martha Ann Davis McGaw. © 2024. 15 pages.
Agyabeng Nimfah Yeboah, Leila Goosen. © 2024. 24 pages.
Surjit Singha. © 2024. 23 pages.
Body Bottom