Translating network activity into revenues has been a main objective of network service providers in recent days. But for this, the network should be able to process massive volumes of data and use them its advantage.
Helping companies do exactly this, Openet has virtualized its real-time charging system, the company has announced. This is the next step of the company's policy and mediation systems, the company has stated.
This virtualization of BSS means that companies can now test their innovative services quickly and get their products to market even more quickly. This is going to help operators to work on new revenue making opportunities like VoLTE QoS management, shared data plans and sponsored data. With Openet virtualization capabilities companies no longer need to create a full hardware-based environment.
This means that operators can now stop worrying about integration, deployment and infrastructure management. Instead they can spend their resources and time on developing and bettering their core abilities and products. It will also reduce costs of developing new services and will help operators to move from legacy systems to open standards.
“Operators have to transform the way that they do business and this change is being driven by the need to innovate." said Joe Hogan, CTO at Openet. "BSS virtualization is a key enabler for innovation and will provide operators with the agility and flexibility to quickly capitalise on new revenue generating opportunities." Hogan continues: "While adopting NFV is crucial, deploying the technology in isolation is not enough. Operators must work with BSS specialists that have experience of deploying innovative solutions that fully realize the many advantages of this revolutionary network architecture.”
Recently, the company successfully charged its Evolved Charging with the OpenCloud’s Rhine Sentinel service. With this, users can do real time charging rating and service control of voice, messaging and data services. Rhino Sentinel reportedly reduces the costs and timescales of telecom service innovation.