July 18, 2019 – JeraSoft Limited, billing software developer for telecommunications and IoT providers, today announced the major release of the JeraSoft Telecom and IoT Billing Platform – JeraSoft Billing 3.19. This release brings updated features, improved performance, and enhancement of the platform capacity.
The telecommunications industry has seen exponential growth within the last couple of years across all regions and this has given rise to the demand for efficient billing systems.
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?
The introduction of a billing system is a complex process, trying to avoid any errors which may lead to future failures in customer service and financial losses. Therefore, it is desirable that the developers offer users assistance in billing deployment process. Sometimes operators consider it more profitable to independently implement the billing since such work allows the company’s engineers to better understand the system with which they will later work for many years.
Analytical agency Juniper Research studied the market for automotive telematics and found out that in 2017 more than 150,000 cars will be sold with V2V (vehicle-to-vehicle) communications systems built in. This technology is not just about traditional connected cars that only consume data from the network. Also, it is about those machines – M2M, that can communicate with each other.
The quality of any system is determined by the quality of its architecture and technologies used. Most often, it is in this area that the main problems of self-written solutions lie, however, in the billing series there are design errors. This is what you should pay attention to when evaluating the architecture of a system and the system from inside.
We at JeraSoft have been developing billing solutions for communications operators for 12 years already, and more than a dozen of implementations have taken place over this period. An efficient and accurate billing system is necessary for most businesses that offer subscription-based services: Internet service providers, telecom providers (wholesale VoIP, SMS, OTT, MVNO, Retail VoIP, Mobile VoIP) and IoT providers, data centers, content service providers, cloud services and others.
The IoT begins to play an increasingly important role in the IT market and the life of society, and soon it will become an integral part of our everyday life. This is confirmed by some expert assessments. So, according to IDC, the cost of the world market IoT in 2020 will exceed $7.1 trillion. It is expected that by this time more than 50 billion devices will be connected to the network. All this opens great prospects not only for business and end users.
The widespread use of automation, big data, the Internet of things and cloud services has onset the peak of the fourth industrial revolution. JeraSoft shares with you a list of tech trends in 2017.
The analog period in agriculture is over; the industry has entered the digital age. Investment bank Goldman Sachs predicts that the application of next-generation technologies can increase the productivity of world agriculture by 70% by 2050. Agriculture is on the threshold of the “Second Green Revolution.”