Internet of Things Billing Solutions - IoT Billing, Monetization & More
Will your legacy infrastructure sustain the volume, quality, and costs associated with IoT?
The Internet of Things (IoT) “industry” is in its early stages right now. With the proliferation of IoT, the need for enterprises to manage and optimize their connectivity costs is now crucial to growth. So far, there is no clear business model, application, or trend that is perceived to lead the industry. There are many different models, tools and platforms, applications, and solutions but none of them have emerged as a “Killer App” yet.
In preparation for the expected explosive growth of IoT, Telecom Operators will need to provide their enterprise customers with a robust, yet flexible platform to optimize the usage and connectivity of their devices. The problem is that Telecom Operators’ infrastructure was not designed to handle the huge number of devices and sensors that are expected to be deployed by customers. They will also expect additional services such as flexible rates and billing plans, various types of provisioning statuses — active, in the test, suspended, etc. multiple billing levels. The legacy infrastructure of most of the operators cannot sustain the volume, the quality, and the costs associated with this new exploding demand.
With the uncertainty on the ROI, most Telecom operators are hesitant to go through a complete modernization of their current IT infrastructure, especially since they need to prioritize their expenses with newer technologies like 5G.
IoTRun provides the perfect match as it provides an open-source, scalable platform, with “Pay as You Go” commercial plans, with unique IoT features and co-exists with their current legacy infrastructure. BillRun’s open-source billing solution provides the agility required to interface with any device in any industry. Designed to process limitless data of all types, the system also communicates with any sensor, regardless of transmission mode. It enables various indispensable features for Telecom operators offering IoT services and businesses that generate and provide new breeds of services in various industries.