Is your telecommunication company at the tipping point of change? Leaders in the telecom space have the opportunity to diversify their operations for even greater revenue than their current models provide. Monetizing the flow of B2B sales data alone is estimated to be valued at $33 billion by 2025 just by strategically transferring data that most vehicles already record.
It’s that time of year again. LogiSense is entering the period for our annual Level 1 PCI Compliance audit. With millions of dollars in credit card transactions flowing through our billing software it’s imperative that we offer the security our customers (and their customers) expect when paying for service. We have worked hard with our customers over the past number of years to reduce our footprint, and theirs, to almost nil. There is absolutely no need to have a credit card number (PAN) hit our software or be stored in our database.
Subscription billing platforms such as LogiSense are inherently exposed to highly variable workloads which are a challenge to manage efficiently. Two of the system's primary functions, rating event records and creating invoices, are generally short-lived, compute-intensive, high throughput processes that occur at unpredictable times and intervals across a customer base.
Technical debt is a commonly understood term within the software industry, whereas short-term velocity gains are knowingly accepted in exchange for an ongoing “cost” in maintenance. This type of debt compounds just like your mortgage and becomes drastically more expensive over time if not dealt with.
Telecommunications companies used to provide communication platform as a service at the end of a value chain that they themselves has built from the ground up, and dominated that space for some time.
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.
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.
The enterprise ecosystem of connected things is poised for explosive growth with 40 billion connected devices coming online by 2025. As the service provider marketplace grows more convoluted every day and marches towards service provider consolidation and network convergence, further pressure is going to be placed on a higher degree of granularity and flexibility to offer any combination of service, at any price point, to any customer.