How advanced charging use cases accelerate 5G monetization
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Why 5G demands new charging capabilities 5G’s transformative features such as low latency, ultrafast speeds, and high bandwidth open a world of opportunities for consumer and industry applications. Its ability to support massive volumes — according to Statista , 50 billion internet of things (IoT) connected devices are expected to be in use by 2030 — also unlocks the full potential of the Internet of Things (IoT). An operator’s charging capabilities thus assume a pivotal role, ensuring all 5G services are fully monetizable using modern and advanced charging use cases. The charging engi n es many operators use today were designed for networks like 3G and LTE. These previous generations did not have the network scalability and performance needs of 5G, and are unable to support the advanced monetization capabilities that 5G use cases require to accurately charge across a large number of services, devices, and different event types. This demands fundamental changes to the under...