make the most of new 5G business opportunities
The rollout of 5G technology to the mobile telecommunications ecosystem is expected to entirely reshape the broadband and services ecosystem, enabling futuristic concepts such as smart cities, autonomous vehicles and connected factories. End users will therefore increasingly expect communication service providers to offer more innovative services to support data-heavy activities. Networks and service providers are looking to add value to their businesses through monetisation of 5G and IoT applications. There is no global standard in the way IoT applications are monetised, but there is a commercial trend for market viability.
who needs it?
In our on-demand and rental society, IoT enables many ‘products’ to become ‘services’, which are then charged on a service outcome, subscription and/or usage model basis as defined by the application's value. Many service enablers are failing to win business because they can not build an efficient approach to monetisation that supports new charging models required to build a sustainable business. With an obligation to billing-on-behalf and settling with multiple partners on new metrics, the monetisation operation is more complex and risky. As a service enabler for many businesses, there is a need for flexibility from deal to deal. Lifecycle’s OCS and CCS solutions are designed to deliver and manage this complexity and agility for your business.
high volume customer billing and payment collection
Lifecycle's OCS, CCS and BSS solutions are designed to support all 5G and IoT projects, whether large or small. New business models can be monetised quickly, reducing costs and time to market. Through network provisioning and seamless integration with existing BSS infrastructure, you can easily generate a single bill on behalf of all service providers.
With our user-friendly software, you can better understand end user behaviour and efficiently manage connectivity and data from millions of IoT devices to reduce operational risk and customer service complexity. For IoT projects, you are in the driving seat, with autonomy for the definition of new commercial propositions.
Additionally, you can assign a monthly data allowance to each end user, allowing them to control their own usage in compliance with Ofcom regulations while you protect your revenues. End users will receive notifications when they have used up their allowance and can also be offered add-ons.
Our range of modular solutions for billing and revenue management can be hosted and fully managed by Lifecycle, reducing your capital expenditure, optimising operations and enabling you to focus on growing your business.
Lifecycle's next generation 3GPP compliant CCS integrates with 5G networks and removes the barriers to online and offline charging, empowering you to monetise 5G.find out more
Lifecycle’s OCS delivers real-time charging and associated control to manage financial risk and support growth. The OCS can easily be switched to the CCS when you are ready to start monetising 5G.find out more
Lifecycle’s ALLinONE BSS is a comprehensive suite of modules that support the end-to-end, back office operations of wholesale and retail telecoms providers and other subscription-based service enablers.find out more
How can the Cloud increase service agility, operational efficiency and lower costs for providers
Service providers are challenged with delivering superior customer experiences faster. With the...Read more
Lifelink Issue 09
Spotlight: Do you want a more proactive approach to revenue assurance and fraud prevention? Also...Read more