TM Forum, the world’s premier industry group focused on business effectiveness for the communications and media sectors, announced today that a high-powered group of executives are confirmed to meet at the T8 World Summit, part of the Forumâ€™s Management World conference MORRISTOWN, NJ, April 23, 2009 – TM Forum, the world’s premier industry group focused on business effectiveness for the communications and media sectors, announced today that a high-powered group of executives are confirmed to meet at the T8 World Summit, part of the Forum’s Management World conference (Nice, France, May 4-8th). The invitation-only summit will bring together C-level executives from major players in the communications, media, advertising, banking and web sectors to discuss how to generate new sources of revenue through innovative business models.
The approach – sometimes called a ‘two-sided business model’ – involves providing business-to-business services to other service providers, leveraging investment in IT infrastructure by reselling services based on core competency. For example, Amazon have expanded beyond their original online retailing position to become an early market leader in cloud computing, web services and opening their platform to 3rd party retailers. Amazon’s CTO Dr. Werner Vogels will brief the summit on progress they are making in this area.
With many markets approaching saturation point and the world in the grip of a global recession, new business models offer a unique opportunity to deliver new and innovative services without significant investment. The Summit will look at how web, communications, media and advertising companies can work together to leverage their individual expertise, offering new profitable services which in turn hold the potential for economic growth.
“Downturns in the market can be very productive at getting people to innovate new ideas,” said Keith Willetts, chairman of TM Forum. “The aim of the T8 World Summit is to uncover the issues the industry needs to solve to make these services a practical reality. We intend this initial meeting to kick-start a significant new industry group within TM Forum that complements our work in enabling profitable communications, media and advertising services.”
The T8 World Summit will be moderated by former AT&T Chief Transformation Officer, Dr. Hossein Eslambolchi along with Eric Pulier, chairman of SOA Software. “We are delighted that such a prestigious group of executives from all sides of the digital marketplace will gather in Nice to kick-start a whole new chapter for web-based ‘cloud’ services. This initiative brings together previously separate industries to identify the opportunities and challenges new business models present,” commented Willetts.
The T8 World Summit builds on an already impressive backdrop of the Forum’s flagship Management World conference, which will explore many similar topics through an impressive keynote line-up and presentations from more than 200 industry experts. The conference exclusively includes Forumville, offering live demonstrations of TM Forum’s Technology Catalyst work, including two projects which utilize Amazon’s cloud computing environment. “The Forum’s not just talking about these issues, our members are already working together to address them at a practical level,” added Willetts.
A press communiqué on the discussions and agreements from the T8 World Summit will be issued after the meeting. For copies please contact Geoff Devlin, PR director for TM Forum at [email protected]
About TM Forum
With more than 700 member companies in 75 countries, TM Forum is the world’s leading industry association focused on improving business effectiveness for service providers and their suppliers. Serving the information, communications and entertainment industries, the Forum provides practical solutions, guidance and leadership to transform the way that digital services are created, delivered and charged. Members include the world’s largest service providers, cable and network operators, software suppliers, equipment suppliers and systems integrators.
TM Forum provides a wide range of information and support to help its members reduce the costs and risks associated with creating and delivering profitable services. These include industry research and benchmarks, technology roadmaps, best practice guidebooks, software standards and interfaces, as well as certified training, conferences and publications. The Forum also provides its member community with extensive marketing and networking opportunities, enabling business with new customers and partners.
Subscribe to TM Forum
o TM Forum Newsletters
o TM Forum Press Releases
To learn more please visit www.tmforum.org
Global TM Forum Media Contact
Geoff Devlin PR Director
+44 (0)7894 300 280
United States TM Forum Media Contact
+1 617 960 9875