The shift to the usage economy is on the rise across countless industries worldwide, as companies move away from old, cookie-cutter paradigms and mine assets to monetize budding revenue opportunities. The traditional subscription economy that locks customers into long-term relationships will increasingly be a death trap for companies that refuse to innovate with usage-based billing models.
Topics: usage-based billing
In a recent KPMG survey of technology industry business leaders it was predicted that Cloud computing and the Internet of Things (IoT) are to be two of the most disruptive technologies which will drive business transformation in the enterprise over the next three years in the United States.
For Communication Service Providers, taxation is an important element of their monetization strategy and cannot be overlooked. The famous words from Benjamin Franklin spring to mind: “In this world nothing can be said to be certain, except death and taxes.” Taxation can get complex and having the right systems in place to automate that complexity are paramount. As a central player in catalog management and billing transactions, the billing platform becomes a key actor in the configuration of catalog and account level taxation rules. This makes it even more important that companies integrate with a Billing system that has the flexibility to handle their tax needs no matter how complex.
The Internet of Things (IoT) has essentially exploded over the past few years. Throughout this growth, the IoT has been asserted as the frontrunner for most hyped, most talked about, and most anticipated technology. As this hype continues, the innate value and potential of the Internet of Things is becoming more fully realized. Conversely, it is no secret that traditional telco models are becoming more outdated and less profitable. The entire telco and technology industry are undergoing immense changes- with new players entering the market to potentially displace or bypass existing and established market leaders.
Modern businesses, of all sizes, are facing an unprecedented need for making decisions regarding their enterprise communications and the required solutions. These decisions not only impact their overall immediate success but put forth their intentions for the highly connected, smart business models of the future. Integrated enterprise communication tools and omniscient mobility are both high on the demands list for service providers and enterprises alike.
Service Providers need to include monetization tools as part of their overall IoT solution to enterprises
Topics: Internet of Things
I attending the IoT World 2016 conference a couple weeks ago in Santa Clara, California. What a fantastic event with over 10,000 attendees including a diverse array of exhibiting companies, and keynotes and breakout sessions covering a wide range of vertical market challenges and industry specific issues. I sat in on most of the keynote presentations and a good sampling of the breakout sessions. There were a few common themes that emerged from the sessions and from talking to many of the attendees.
Topics: Internet of Things
The enterprise ecosystem of connected things is poised for explosive growth with anywhere from 20-40 billion connected devices coming online by 2020.
By all accounts, the Internet of Things (IoT) is still in its early days. Analyst firm Gartner predicts more than 26 billion devices will be connected by 2020. IDC is even bolder, predicting nearly double that amount in the same timeframe. This is happening both on the consumer side of IoT, as new devices such as refrigerators and home security systems come online, and in the traditional machine-to-machine (M2M) communications space, which can be referred to as the B2B IoT.