What is TMT consulting?

In this series we now get into industry verticals, which are often a subset of both management and technology consulting. One of these industry subsets is TMT otherwise known as telecommunications, media, and technology consulting. This subset focuses on these interlinked industries that dominate our modern digital world.

Telecommunications for instance includes communications services providers, telecom infrastructure manufacturers, among many other sectors. The telecom sector is one of the most vital sectors in modern life. It includes broadband/wireline communications as well as mobile communications. Telecom is one of the slower moving industries but it doesn't mean it isn't exciting! Competition for markets is fierce with decisions having impact for decades. There are also new challenges in this space as far as new regulations set out by governments and new standards being adapted by the industry.

Let's now discuss media! Media is very interesting subset. It includes traditional media such as TV and radio, however it also includes newer media channels like streaming and OTT. The media landscape has been changing rapidly as the shift in demographics of viewers has changed. From Gen Z to newer developing markets in Asia and Africa developing their own media, this subset of consulting is quickly changing. Being adept at understanding new trends in this space is key to remaining relevant.

Technology consulting as a industry subset needs little explanation. Given the dominance of big tech as well as startups in this space, technology as an industry is one of the fastest paced. Consulting in this space requires a deep understanding of the interlinkages between technologies and the industries they impact. Often we think of the big tech companies, however there are many highly impactful SMEs and scaleups in this space.

You may now be asking, why are these industries lumped together as one domain in consulting? The answer lies in the fact that these three industries are very interconnected, and often overlap in cycles. The first telecom companies were in fact, and continue to be, both media and technology companies at the same time. AT&T for instance, develops the infrastructure that serves both media and technology.

Ultimately, TMT consulting offers a great mix of related industries for any aspiring consultant. Its a form of consulting that requires deep understanding of market trends in the space as well as relationship building with key players.