Supporting Telecom providers on the monetization of 5G & IoT services

Adérito Ferreira, CEO, Readiness IT

Adérito Ferreira, CEO, Readiness IT

The power of 5G is here, and it is revolutionizing the way we live but also Telco's business’ operations. The latest advance in mobile technology comes in the form of 5G supporting the rapid evolution of the Internet of Things (IoT) mainly on the B2B market. This wireless technology has been developing faster than average users and companies would expect, and now, consuming contents at a higher speed on multiple devices connected simultaneously is not merely a dream, it is a demand of modern times. With 5G, CSPs have a unique opportunity to pursue new revenue streams and to diversify and complement their offer while transforming the internal B2B organization and making a real impact in the B2B market.

Readiness IT has a long history of supporting Telecom providers. The company did many digital transformation programs worldwide, in clients like Entel, Ericsson, Claro, Spark, T-Mobile, Swisscom, and many other renowned telecommunication companies and partners.

But today, Readiness IT professionals, with more than 15 years of experience in Telco, are providing CSPs with the expertise and business solutions needed to face the new economy business and challenges, capitalizing on the endless possibilities that CSP’s have for content distribution, and other innovative digital solutions to generate new revenue streams, due to the rise in the use of 5G technology.

Capitalizing 5G monetization

Service providers will be able to take advantage of 5G for monetization with three main business models:

Business-to-Consumer (B2C) – This model will use the capabilities and features of 5G networks to improve service offerings and products delivered to end customers. The monetization elements will be Quality of Service (QoS) based data and subscriptions, content and media sharing, and partners.

Business-to-Business (B2B) – Model with great potential growth for CSPs to increase value and help driving Industry 4.0. Here, they should try to monetize several forms of connectivity and simplify intelligent operations and automation.

Business-to-Business-to-Any (B2B2X) – Biggest potential growth area for operators. The flexible structure of 5G networks will enable CSPs to equip application developers and Readiness IT www.readinessit.com comunica@readinessit.com device manufacturers with embedded connectivity and virtual networks as services. Soon, this can be a new wholesale strategy where operators provide open platforms to their customers, so they can subscribe to their services more easily and efficiently.

5G service offering is the new challenge for Telco companies

Being a TMForum member for years, a subscriber of Open Digital Architecture and Open APIs Manifesto, and working in the Telco industry since its foundation, Readiness IT easily understood the potential arising on the market.

The company is now supporting telecommunication service providers across the globe through an innovative Telco 360 Solution, designed exclusively to accelerate the monetization of 5G & IoT services. Also regarding its services, it supports BSS/OSS upgrades and integration, has DevOps expertise, acts also as an extension of the company’s IT teams supporting Managed Services and doing Digital Consulting.

The company acts as an accelerator of digital transformation projects, working in partnership with technology companies like Kloudville, Oracle, Salesforce, OutSystems, Ericsson, and AWS.

How will 5G improve the way people live?

The industry and consumer trends are fast-changing, and we can now see projects on remoted medical surgeries, augmented reality, telemedicine services, industry 4.0 solutions, health monitoring devices, connected vehicles that drive autonomously with fast data processing, smart cities frameworks, connected homes, real-time cloud access, streaming and entertainment will be processed with the shortest lag times and 8K image quality. The possibilities are truly endless and Telecommunication service providers have an important role in it.

The 4th industrial revolution is here now

Bottom line, we should all get ready to embrace 5G, IoT, and Cloud systems to an unprecedented level of interconnectivity. We will be able to use all types of ordinary devices and machinery connected to a powerful network to operate more efficiently and effectively. Readiness IT is already unlocking the power of new business opportunities for next-generation technologies by working close together with Telecommunication service providers. These companies have challenges upfront, but they will be responsible for the revolution we are about to face. The future looks bright, we will be able to follow the digital path with a superior level of mobility, flexibility, confidence, and security, raising the bar while developing industrial and IoT applications in people’s daily lives. The 4.0 industrial revolution is just starting.

Supporting Telecom providers on the monetization of 5G & IoT services

IoT

Industry 4.0

Entertainment

Wireless Technology

Telemedicine

AWS

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