We will explore the fundamentals of UCaaS further in the subsequent sections, covering everything you need to know about UCaaS including its definitions, evolution and relevance in contemporary business, how it works for transforming workplace communication across organizations, the technical aspect of UCaaS, comparison with traditional communication systems, benefits to the business from the adoption of UCaaS,
In today’s fast-paced world, the telecommunications industry plays a crucial role in connecting people and businesses across the globe. Behind the scenes, telecom billing software companies are the unsung heroes that ensure smooth revenue management and customer service for telecom providers. From accurate billing to efficient payment processing, telecom billing software is the backbone of the industry.
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.
This article was updated in 2024
In the past eight years, the telecommunications landscape has undergone significant transformations. The proliferation of smartphones, the rise of over-the-top (OTT) communication services, and the increasing demand for data have reshaped the industry.
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.