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. https://www.ericsson.com/en/blog/2019/10/monetize-5g-and-iot-business-models
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SHARESHARESHARE
MONETIZE 5G AND IOT BUSINESS MODELS
This blog post is the first in a series of three to introduce the new demands on BSS thinking being driven by monetization of 5G and IoT use cases. In this post, I concentrate on the business demands. Future posts will examine the impact these business demands have on the BSS systems and processes. The fifth generation of telecommunication networks (5G) comes with a different message than its predecessors. Up to the fourth generation (4G), it was all about “bringing telecom to the masses” by delivering better speech quality and higher data speeds.5G will enable an exponentially growing number of things that require connectivity. This will rapidly drive companies exploring the use of “the last mile of the internet” and its mobility for business purposes, while connecting more of their devices. As such the business case for 5G becomes fragmented as it spreads over many industries. This presents CSPs with new business opportunities and, more importantly, it does it without cannibalizing on their current business. It is a new business, which opens possibilities in new unexplored areas. A CSP needs to have a BSS that can monetize the new revenue streams to be able to capture this business potential, and to handle the new business relationships. MICHAEL FIREMAN READ MORE