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How to Monetize the Internet of Things
The Internet of Things has been heralded as the Fourth Industrial Revolution because it will underpin every industry and most daily behaviors that we take for granted.
The Challenges of Smart Billing for Periodic or Seasonal IoT Devices
Industry reports assume that all connected devices will run 24 hours per day for seven days. But will they all run continuously?
The Over-The-Top Service Threat to the Telecommunications Industry
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.
4 Ways to Execute Your IoT Strategy with LogiSense
How are you planning on executing your IoT monetization strategy?
Great ideas are critical to strategic planning, but only execution translates those ideas into IoT business revenue. Successful strategies for businesses in the Internet of Things require a billing solution that scales and adapts with the business model itself. No single solution can achieve that for every business in a plug-and-play style.
Challenges of Monetizing the Internet of Things
The Internet of Things has already begun to change the way businesses generate revenue. IDC predicts that the world will host 55.7 billion connected devices by 2025, all of which can redefine how we conduct business with the flow of information.
The Era of Seat Based Subscription Billing is Nearing its End
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.
Billing and Taxing for Communication Service Providers (CSPs)
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.
Top 5 Mission Critical Considerations for Back Office Usage Rating & Billing Solutions
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.