As service providers (SPs) continue to invest heavily in rolling out 5G networks around the world, significant technology advancements and changing consumer expectations are emerging. As a result, there have been massive shifts in the way that the 5G economy works, creating an influx of new and booming revenue opportunities.
However, according to Nokia’s Head of Digital Business Udi Israel, legacy monetization systems are putting many SPs at risk of failing to tap into these new opportunities. In order to truly maximize returns on the substantial investments they’ve made, he stated, SPs need to migrate to modern, flexible cloud-native monetization systems in order to keep up with the pace of innovation and to monetize every revenue opportunity of the 5G economy.