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Driving Profitability in the Connected Economy: How Real-Time B2B2X Billing Enables the IoT Marketplace
[February 11, 2016]

Driving Profitability in the Connected Economy: How Real-Time B2B2X Billing Enables the IoT Marketplace


NEW YORK, Feb. 11, 2016 /PRNewswire/ -- Introduction

Before the days of talking toothbrushes, before cars provided access to the Internet, and before "booking a room" meant asking strangers to rent you part of their home, communication service providers (CSPs) sold just network services—mobile voice, data and text messaging, along with fixed-line voice and Web access. What made CSP services appealing was the single source of supply and usage-based measures for calculating a bill. Minutes of use for voice, mobile text messages sent, or data access volumes, counted against a pre-paid or subscribed level of spend.

As recently as four years ago, usage-based billing was the primary means CSPs used to charge for all communication service bundles. Usage-based billing is still the prevailing way in which network-based services are charged, although more complex models are now coming into play. For the rest of the world's industries, from manufacturing to financial services and from government to agriculture, a subscription billing model is the dominant means for monetizing digital services today.

Real-time usage-based billing is a new concept for most industries. However, today's connected economy is about real time. Real-time access to any type o data service, real-time access to mobile apps, real-time interaction with different "devices and things," and real-time delivery of all forms of content—video streaming, surfing the Web, and on-line gaming, for example. CSPs engage with real-time monetization tools that take advantage of network usage measurements, to offer bundled service packages that now involve network and partner-provided interaction. Real-time purposebuilt analytical tools help CSPs understand customer usage behavior; the results of which can be aligned to trigger new service offerings in real time when usage conditions dictate.




Real-time, policy-enabled rating & charging, combined with self-service customer care, are the key components that make real-time CSP service offerings a business reality. For all other industries that incorporate communications services into the goods (and services) they provide, real-time monetization means real-time accountability of the revenue flow between customers and partners. Within today's increasingly complex B2B2X ecosystem of providers, customers, and partners, realtime monetization enables business opportunities not previously possible.

Read the full report: http://www.reportlinker.com/p03612617-summary/view-report.html


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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/driving-profitability-in-the-connected-economy-how-real-time-b2b2x-billing-enables-the-iot-marketplace-300218962.html

SOURCE Reportlinker


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