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The Social and Political Drivers of Usage-Based Economics
In today's rapidly evolving economic landscape, traditional ownership models are giving way to a new paradigm known as usage-based economics. This model, which focuses on consumption and payment based on actual usage rather than ownership, is becoming increasingly significant.
Celebrating Excellence: UC Today 2024 Award Finalists
We are thrilled to extend our heartfelt congratulations to Five9, Webex by Cisco, 8×8, and Vonage for being recognized as finalists in the prestigious UC Today UC Awards 2024. These companies have demonstrated exceptional commitment to providing outstanding customer service and delivering robust solutions that meet the evolving needs of their clients.
Their innovative approaches and unwavering dedication to excellence set them apart as leaders in the UCaaS space. It’s an honor to support their journey and witness their remarkable achievements.
Embracing Disruption: Lessons from Business Evolution
In both business and life, disruption is a constant force. It often arrives quietly, reshaping industries before we even realize what's happening. Companies that fail to recognize and adapt to these changes risk falling behind. From BlackBerry’s missteps to the rise of electric vehicles (EVs) and the evolving landscape of usage-based models, we can learn valuable lessons about innovation and adaptability.
The Usage Economy: An Antidote to Subscription Fatigue
Subscription fatigue is a growing concern in the digital age as consumers become overwhelmed by numerous subscription services. To combat this, businesses need to transition from traditional subscription models to usage-based billing.
This approach better addresses customer needs and enhances satisfaction by offering flexible and personalized billing options. This guide is designed for product leaders looking to innovate their pricing strategies and improve customer retention.
The Over-The-Top Service Threat to the Telecommunications Industry
Telecommunications companies have long dominated the communication platform market, building comprehensive value chains that include infrastructure, connection services, hardware, and software. However, over-the-top (OTT) service providers are now challenging this dominance by offering competitive services that leverage existing telecom infrastructure.
Change Is Coming! - Economics, Transparency And The Value In The Future
A robust billing capability is essential for businesses aiming to automate manual processes, provide flexibility for product teams, ensure accuracy and compliance for finance and operational teams, and empower their business to compete with new and disruptive models. Effective billing prevents revenue leakage, enforces contract terms at scale, and enables the monetization of physical, digital, or hybrid products in a myriad of ways.
Monetization Debt, the Avoidable true cost of Copy & Paste
Technical debt is a commonly understood term within the software industry, representing short-term gains in exchange for ongoing maintenance costs. Similarly, "Monetization Debt" causes various expenses to businesses that compound over time, especially when customer-specific customization is required. Early on, these customizations are manageable, but as a business scales, manual billing processes can become a significant burden.
Challenges of Monetizing the Internet of Things
Monetizing the Internet of Things (IoT) continues to be a complex yet critical endeavor for businesses. In 2024, the landscape has evolved, presenting new challenges and opportunities for companies looking to leverage IoT technology effectively.
4 Ways to Execute Your IoT Strategy with LogiSense
Great ideas are critical to strategic planning, but only execution translates those ideas into IoT business revenue. Successful IoT strategies require a billing solution that scales and adapts with the business model. No single solution can achieve that for every business in a plug-and-play style.