That’s a good thing for our country, as the economy benefits from the growth and development of the telecoms sector. So, why is the telecommunications industry so prevalent in the U.S.?
Firstly, it encompasses the following subsectors:
Telephony, including Voice over Internet Protocol (VoIP)
Wholesale Telecommunications resellers
Each of these sectors employs over 727,000 people and provide average hourly earnings of around $37, according to the Bureau of Labor Statistics.
Thanks to technological advances, people have access to learning opportunities outside of traditional schooling. Today, you simply need a computer, smartphone, and the internet to conduct a search, read a tutorial, or watch a how-to video on virtually any subject matter.
Some of the largest institutions are now leveraging telecommunications to deliver long-distance or remote education. This is extremely cost-effective for students, allowing them to conserve money that would otherwise be spent on housing and travel. Third-party billing refers to a type of billing in which an intermediary or other party handles invoicing between a customer and supplier.
Telecommunications industries change rapidly with the advancement of technology, so the language used to describe telecommunications has to evolve rapidly as well. Makes sense right?
Long gone are the days when telecommunications simply referred to telephones sitting on desks in offices. Today, telecommunications involves the Internet, email, fax, messaging, and cellular networks.Unless you work in the industry or follow the world of VoIP, you probably don’t know many of the terms and acronyms used. However, if you ever need to work with your IT department about VoIP or telecommunications, it’s helpful to know the key terms so you can better communicate what you need and understand what you’re actually getting.
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