As the telcos around the world are preparing their networks for 5G, not many are voicing the billing issues associated with this upcoming technology.
“Network slicing is an important part of 5G technology. It can trigger new sort of assurances and risks. 5G will create additional billing challenges for the service providers,” says Bernado Galvao Lucas, Chief Marketing and Strategy Officer, WeDo Technologies. “We are ready for 5G though we believe that 5G will take off only by 2020,” he adds. The Portugal-based WeDo Technologies is a global revenue assurance and fraud management firm.
5G promises to bring a number of new use cases and new business models. Network Slicing basically allows each slice to have its own network architecture, engineering mechanism, and network provisioning. This concept will allow the network to be divided into small virtual networks, thus ensuring an agiler and a more flexible network.
Slicing the network will enable the service providers to meet wide range of use cases. However, network slicing will create billing challenges for the service providers and they should be ready to make drastic changes in their BSS infrastructure to support 5G business models.
WeDo Technologies plans to focus on Cloud and Internet of Things this year. “Cloud is a big focus area for us. We truly believe that it is easy to deploy and significantly brings down the cost…we are totally focused on fraud management solutions for this,” says Alvaro Ribeiro, Chief Technology Officer at WeDo Technologies.
Cloud technology will allow telcos to add speed and sophistication in managing revenue assurance and fraud management. The company launched RAID.Cloud last year, which leverages cloud and brings down the deployment cost for the telcos.
Different geographical regions have different types of fraud management. “The types of crimes in different regions are very different. Sim related frauds and Over-the-top bypass are the biggest types of frauds that are committed in the APAC region. Fraudsters are very imaginative and the termination costs are very high in this region so that’s the reason they want to bypass. On the other hand there is a lot of subscription-related fraud in the US and Europe,” says Ribeiro.
The focus of the service providers on the Internet of Things (IoT) segment is adding to the billing and operational challenges for the telcos. A plethora of devices and things will be connected and every device is a potential weak link in the chain. The telcos will need to transform their billing infrastructure to deal with the new technologies and newer frauds dominating the industry.
WeDo is also exploring merger and acquisition to gain expertise in new technology areas. “We are developing know-how in IoT and our platform is technology agnostic and flexible. We are also working with partners, including Ericsson, to further develop our expertise in this area. In terms of M&A also we are considering them to develop skills and products required to capture this market. At the same time, we are developing our own know-how in this space,” says Bernado Galvao Lucas.
Spending on revenue management-related BSS systems is expected to grow by 5% to $16.6 billion by 2020, according to analyst firm, Ovum.