When it comes to billing clients for the services rendered, a time delay between service delivery and client billing leaves space open for errors which can be costly to communication service providers. In contrast, a real-time charging system ensures that every second of communication service is accounted for at the moment it happens so that billing can be accurate. Without real-time charging, the communication service industry could not exist as it does today. Let’s explore why.
A big part of any business is keeping up with the trends and advancements that are continually changing the way business is done. In the telecommunications realm, these changes are a constant, never-ending process. Keeping up with new demands is vital to maintaining current customers and enticing new ones. Real-time charging is one of these advancements that need to be implemented in a growing business. Here’s a look at how staying relevant in real-time charging impacts business and what you can do to keep up with these changes.
With an evaluation of over $66 billion, the global mobile virtual network operator (MVNO) market is entering the next decade in a thriving state. To add more weight to this statistic, it is double the value of where the MVNO market stood in 2010.
Service delivery value chain has experienced major transitions in the past few years. The rigidness of telcos and their over-dependence on traditional telecom solutions has caused them to lose their dominant position in the value chain.
Cloud-based computing has been particularly rewarding for the IT sector. Its ability to cut down on TCO (Total Cost of Ownership) has been the biggest driver for its mass employment by different companies. But there are other benefits of cloud platform as well, especially for the highly-competitive telecom industry.
Timing is everything in business. A business launched at the right time can be the difference between success and failure of the venture. When it comes to the telecom industry, we are seeing a rapid growth of companies with non-telecom background starting their own MVNOs. Financial institutions like banks are the torchbearers of this MVNO revolution. But for many, this revolution has come way too late.