Chantel Cary, Director, Product Marketing
Innovative service providers today recognize the need to transition from “telco”—a purveyor of connectivity—to “techco”—a platform-based, cloud native provider of high value solutions that differentiates by providing unique experiences to their customers.
Telecom providers are spending large sums on 5G spectrum and buildout with uncertain use cases to drive a return on that investment. Additionally, new business models like B2B2X require a high degree of agility that many telcos lack today. A recent TM Forum survey found that 78% of CSPs consider flexibility and scalability as their most urgent BSS need. Telcos realize the road to becoming a techco involves the capacity to experiment with monetizing new services and usage experiences.
Global professional services company, Accenture, estimates $700 billion in new revenue can be unlocked by techcos. To take advantage of the opportunities and potential revenues associated with 5G, cloud native and highly scalable operators will focus on creating value for customers by incorporating new pricing levers unique to 5G: speed, latency, and quality of experience (QoE) and creating multi-party business models that enable cross-industry solutions.
Oracle’s Cloud Scale Monetization portfolio is designed to help techcos reap the rewards of 5G and the digital economy by enabling flexibility and scalability and the creation of new revenue streams. Oracle’s charging system enables service providers to monetize anything at any scale: any network, service, experience, or business model, with single digit millisecond latency, high transaction throughput, and efficient resource utilization.
Why Cloud Scale? As a platinum member of the Cloud Native Compute Foundation, with a deep commitment to the cloud, Oracle is the only monetization vendor with its own cloud: Oracle Cloud Infrastructure (OCI). Cloud Scale Monetization delivers agility, efficiency, and speed to hundreds of service providers around the world, with billions of total subscribers. Proven to scale linearly to very high subscriber volumes with very low latency, a recently conducted 100M subscriber performance test also demonstrated multi-site scalability.
The portfolio is comprised of three fully cloud native solutions, all aligned with TM Forum Open APIs:
Oracle’s Cloud Scale Monetization encompasses existing, proven products, such as Oracle’s Billing and Revenue Management, a flagship product in the portfolio, and Oracle’s Converged Charging System, now a part of Cloud Scale Billing and Charging. The new branding of the portfolio is designed to clearly relay its value in supporting service providers in their transition from telco to techco.
About Oracle Communications:
Oracle Communications provides integrated communications and cloud solutions for Service Providers and Enterprises to accelerate their digital transformation journey in a communications-driven world from network evolution to digital business to customer experience. To learn more about Oracle Communications industry solutions visit: Oracle Communications LinkedIn.