Tag: telecom

The impact of technological advancements in the telecom industry is not uniform across all segments. Specific telecom segments are experiencing significant growth and evolution. 

The telecom industry is not without its challenges, but these challenges also present opportunities for growth and innovation. Telecom providers must navigate the following challenges and seize the opportunities they bring:

March 19, 2024 – JeraSoft – presents a major release of JeraSoft Billing 3.26 featuring logical and procedural improvements along with the usual performance boost.

Serious Fraud in the Telecom Sector Costs the Industry $17bn in Revenue a Year.

According to the report by the ITW Global Leaders’ Forum, most telecommunication companies do not contend with fraud traffic. This situation can lead to greater financial losses with the spread of Internet of Things, when billions of IoT devices could be hijacked or reconfigured. Put this in perspective, fraud costs nearly $30 billion globally last year according to the Communications Fraud Control Association (CFCA).

Considering the rate of technological development, it’s no surprise how fast some industries have revolutionized within a couple of decades. Since the early 21st century, the telecom industry has been riding on high tides of tech revolutions. Generally, telecommunication is mostly associated with technologies including telephone, emails, fax machine, and radio; the ways of communication. Each innovation in the domain brings another wave of real-time connectivity leading towards globalization.

“When you are starting your own telecom business, you automatically start dreaming of becoming the next Version. However, the fact that you’ve basically got nothing to lose seemed rather advantageous and to some extent inspiring for me,” says Andrii Bashtannik, CTO at Spacetel. “When we just started, all we’ve got was passion, it turned out to be enough.”

IoT is not in itself an engine of the telecom business unless this technology is developed. In other words, if within the framework of the IoT the communication operators will provide only communication channels for the final services, then the profit will be able to earn from it only in the short term. The fact is that the cost of communication services for IoT will fall steadily as the number of devices will grow.

In the previous series article, we have shared the aspects you should remember while choosing a billing system in terms of its deployment (read How To Choose A Billing System: Billing Deployment). But it is not the latest thing you should keep in mind. In this blog, we discuss the billing system’s functionality. What capabilities should you take into account in the very beginning not to lose in the end?

Telecom operators are facing a year of falling revenues from voice services. They have started to earn revenues on IoT-services, selling greetings with photos and videos in social networks, providing their infrastructure for rent, which indicates the transformation of companies from telecommunications to technology. Why is the business of mobile operators dying and what other changes are expected by the telecom industry in the future?

Built-in SIM-cards are already used in IoT gadgets and in tablets, but smartphone manufacturers are still wary of the novelty. IHS’s ¹ analysts claim that by 2019 top-3 smartphone manufacturers will start producing their latest models in an eSIM version. However, second and third-tier manufacturers will be pioneers in this field.  According to IHS, the amount of eSIM will increase from 108.9 million in 2016 to 986 million by 2021. So what is the trend? And how does it work?