Using 5G Time-To-Value with Cloud OSS
Operational Support Systems (OSS) has been the water cooler conversation of the telecommunications industry for some time now. The expected mass exodus into cloud technology has been forthcoming, especially with the 5G rollout picking up pace. While it may not seem like it now, prioritizing the urgency of shifting into Cloud OSS will put you in an improved financial position in the coming days. It’ll also protect your business from technologically falling behind the competition.
5G: What is it?
5G is the newest technology that has been created using the latest radio standards (5G NR). It’s the new wave after 2G, 3G, 4G, and their respective technologies, namely GSM, LTE, and LTE advanced.
Some of the milestones that 5G technology wants to set include:
· Download speeds that are a hundred times faster than 4G
· 1000 times more bandwidth
· While 4G has a latency of 50–100 milliseconds, 5G’s is around one millisecond
· Reducing the price per megabit, therefore, encouraging increased connections per square mile
· The improvement of base station energy efficiencies by a 30–60% margin thanks to improved power consumption
A lot of reliability of operation thanks to five 9’s availability
While technologies have come and gone, with each improvement promising improvements in overall throughput and speed, 5G is just different. Its parameters, scale, and range of applications have set it apart from the 2G, 3G, and 4G eras. 5G can support network slicing, industrial IoT, and connected cars.
As per the report, 5G was predicted to drive the revenue growth for Communication Service Providers (CSPs) between 2016 and 2026 by 13.6%. The opportunities it could create during this time are estimated to be about $1.6 trillion.
Monetizing 5G
It is undeniable that in terms of technological advantages, 5G is doing God’s work; however, when it comes to an operator’s return on investment in this new network, things get a little murky.
Previous technologies relied on end-users paying for connectivity. This might not be the way to go with 5G as the consumer pull that spurred on the rollout of 4G is expected to be weaker. Therefore, most operators are leaning towards the main ways: reducing costs, improving the customer experience, and unlocking new revenue sources.
Unearthing these new revenue streams is redesigning the monetization model, moving away from selling broadband, and exploiting 5G’s capabilities by targeting its new types of use. This, for operators, means thinking bigger, away from strictly B2B (business-to-business) and B2C (business-to-consumer), into B2B2X (business-to-business-to-third party). The third party might be the end consumer or just another business.
What this has to do with Cloud OSS and reducing 5G’s time-to-value
Most modern B2B2Xs are using 5G’s capabilities in getting into the world of emerging technology. The models, operators, and partners involved are tailoring their services to Artificial Intelligence, the Internet of Things, robotics, drones, industry 4.0, and smart cities.
A profitable B2B2X model and partnership will require speed and an innate ability to collaborate in varying ways with different partners cohesively. Rigid and traditional Operation Support Systems can’t handle these requirements. These older systems were complex, hardware-based, siloed, and costly. Trying to modify them to enable B2B2X services will be long and cumbersome.
On the other hand, Cloud OSS was designed to be more connected, agile, and flexible. It is a platform that will enable telecommunications operators to carry out a vastly increased range of real-time, dynamic modifications that’ll seamlessly usher in 5G operations. The improved platform will give telecoms new pricing and billing model implementation at greater speeds. This allows 5G-enabled B2B2X products to be received by potential customers and clients in days instead of months.
We’re already living in a 5G world. It’s brought in a wave of collaboration, partnerships, and B2B2X revenue models, operators worldwide should think about. Its momentum is undeniable. Telecoms have to rethink their OSS models and make them flexible and simpler, as with the Cloud OSS, or be left in the dust. 5G won’t come cheap, but through architectures like Cloud OSS, you can swiftly and efficiently boost its impact on your business.
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