From Our CEO: What the Sharing Economy Means for the Wireless Industry
Wireless Week featured Federated Wireless’ CEO Iyad Tarazi in their CTIA Super Mobility Show Daily where he provided insight on how the sharing economy is extending beyond couch surfing and ridesharing into the wireless industry, specifically through shared spectrum.Below is an excerpt from the article.
“Many industries are being transformed by the concept of shared economics. Shared economic models exploit the power of the Internet to simplify the process and shorten the distance between providers and users of goods. One example often used is Airbnb, which directly connects people who have homes, apartments and rooms to rent with travelers who need them. Airbnb users – the traveling public – can now rent a place to stay without needing real estate agents, management companies, hotel chains, travel websites or traditional property managers, achieving great savings in the process.
The sharing economy is enabled by cloud computing through its massive scalable processing power, its simplicity, and its affordable and easy access in many places around the world. But the sharing economy is most effective when you have perishable supply.
In communications networks, a case can be made that spectrum is also a perishable resource; spectrum value and utility is very much tied to the economics of supply and demand at a specific location and time. Having spectrum available in one place at one time doesn’t help if it is needed somewhere else. And, just as the cloud has enabled the sharing of real estate, it has also enabled the sharing of spectrum.”
Read the full article in Wireless Week here.