As we step into the age of 5G, the challenge for telecom operators is rising. 5G comes with immense potential, but it is a hard technology to monetize with legacy billing software systems that use offline charging systems and obsolete B/OSS platform. 5G requires true real-time billing performance coupled with technology that meets current 3GPP requirements. In order to make the most of 5G potential, it is important that telecom operators use billing and provisioning software.
The
Wide Scope of 5G Technology
5G
technology comes with a very interesting feature called network slicing. The
slicing of networks allows for the creation of multiple sub-networks that can
be run over a single physical connection.
This
tech allows telecom operators to offer services based on QoS i.e., quality of
services. For example, you can offer ultra-low latency connectivity for online
gaming purposes. Low-bandwidth connection for powering IoT sensors and devices
that require to hold their power charge for a longer duration (faster internet
connection speeds can cause quick discharge in sensors). And, there are cases
where you need high-speed connectivity such as video monitoring.
As
5G allows you to segregate a single network on different basis, it becomes possible
to monetize it differently than hitherto connectivity solutions.
Execute
Strategies Better with Evolved Software
OSS
telecom software and billing system software
need to be cutting-edge and meet the current technical specifications laid out
by 3GPP. If you have legacy billing software,
then you won’t be able to monetize 5G effectively.
A
billing
solution that provides you the flexibility to charge services based on
an additional parameter i.e., network slicing can be a real difference maker.
Some
essential features of an evolved telecom billing and B/OSS platform are:
Always
updated as per current tech specifications
We
are expected to see major changes in 3GPP rulings as 5G tech evolves. So, it is
essential that you have a platform that is constantly updated by your billing
services provider.
Consolidated
billing
The
number of services will automatically increase as we see the entry of IoT and
5G into the telecom market. Therefore, you would need a convergent billing
system that allows for consolidated billing.
APIs
for making quick changes
Application
Program Interface (API) can help you meet a new requirement quite easily. A
quality telecom services provider like Telgoo5 offers plug and play APIs that
can add new functionalities quickly while at the same time the system remains
backward compatible with older technologies.
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