Abandon One-Trick Billing Solutions to Capitalize on the Internet of Things


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Today the Internet of Things (IoT) is focused primarily on services that record and relay sensory data; however, as all technologies evolve, so too will IoT services. As more complex business models emerge, billing solutions must be able to support the agile needs of a business as changes occur rapidly in pace with technology. Don’t get stuck with a one-trick billing solution. Instead, invest in a billing solution that can handle any business model, or combination of business models – including those not yet defined.

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Abandon One-Trick Billing Solutions to Capitalize on the Internet of Things

  1. 1. DEFINING THE INTERNET OF THINGS (IOT) An interconnected group of uniquely identifiable devices that can communicate with themselves, their owners and control centers. = E.'. ‘.. 'Sl| .‘. ’ TIIECOC-‘. ii'| 'I. lED BUSINESS TASKS ! llPPl-lCi'I'| Oii'3 | i'C| -UDT= E: PRINED FOR | oT: ’»'~‘ . ‘ / .2.) A’ '’''l_l' 4; I ‘ Home Health Vehicle Order Customer Billing and automation monitoring tracking management relationship settlement management EIVIBRACING THE INTEIBNET OF AGENTS IoT services focused simply on recording and relaying sensory data only scratch the surface of its potential. + _ The loT market will A '' grow to $1.7 trillion and will have up to " 29.5 billion connected * + - devices by 2020, accorc'in_r; to IDC. More sophisticated By programming applications treat "things" these agents to act as "agents, " empowering in alignment with devices to autonomously complex business trigger actions based rules, businesses enjoy off the data they receive increased productivity and record. from reduced intervention. THE NEXT WAVE OF loT SERVICES Rich new layers of functionality are gained as loT applications evolve from: , or A -to} G) Devices that can Devices that can Devices that can Devices that can sense and report sense and report report on their autonomously carry environmental data their own statuses future actions out actions from human commands Th It" It t . ,“"""""*""“’ 0.25333. l. '1§i2 £22‘; * EIEIEILIL .3. E J; .3. (everything-as-a-service) a practical possibility. ‘I ‘I ‘I ‘I ‘I ‘I ‘I ‘I ‘I ‘I As the number of connected IZJLJ L] LA LA LA I; l LI EA LI devices expands from 10 billion to 500 billion through the end -1r-u--1:--u- 'Y E" Y Y E" Y Y Y Y Y Y of the decade, the number and L] J J l complexity of | oT services will . 10 bimon 3 . 3. . , 3 3 3 3 .3 , , 3 exponentially grow. 2014 2020 BILLING AND SETTLEMENT IN THE Xaas WORLD The vast reservoir of | oT service opportunities will inspire companies to investigate and implement significantly more complex business models to achieve personalization and differentiation. PRICING MODELS WILL BE FORCED TO FLEXIBLY ACCOUNT FOR: fir “er Recurring and 39l’VI_C9 non-recurring bU“dI'nQ I I transactions 6 Long-term and short-term Client “0ne—trick” billing solutions commitments _ that discourage or prevent W companies from leveraging these variables will place Multi-partner . . . ,. settlement businesses at a slgnllicant competitive disadvantage. EXPAN YOUR OFFERINGS , " M [W " V ‘ ‘V MetraTech is embracing the emergence of an XaaS reality, offering V a metadata-driven billing and settlement platform that quickly ' v I ' configures highly-customized innovative business models. I .7 I Users develop flexible pricing ’ New business services A A A A A arrangements that cater to L Li _ can be quickly and their customers’ needs and V confidently rolled out incentivize value—adding for an accelerated service partners. time-to-revenue. www. metratech. com relationship monetization”