Communications networks are undergoing unprecedented transformation. In order to thrive, CSPs must be able to speed up innovation, swiftly bring novel services to the marketplace, and consistently delight and amaze their consumers. To do this, moving BSS to the cloud using one of the best cloud-native BSS platforms is vital. The global cloud OSS BSS market is growing at 11.30% CAGR from 2022 to 2031. This market was valued at 24 billion USD in 2021 and it is estimated to reach 68.50 billion USD by 2031 (Source).
If CSPs want to be successful and boost their revenue generation rate, they must deploy a telecom digital BSS platform. Many CSPs, however, are lagging behind in the competition since they are not able to completely understand the importance of cloud-native BSS platforms and are hesitant towards deploying a digital BSS solution.
Leverage the Power of AI And ML with the #1 Digital BSS Platform
The ability to use the potential of artificial intelligence (AI) and machine learning (ML) is another advantage of deploying cloud-native BSS solutions. Despite the fact that older digital BSS platforms currently automate repetitive activities, any modifications to the processes or entry of data require human involvement.
By incorporating AI and ML into the workflow, activity can be observed and evaluated in real-time, with dynamic modifications made based on bandwidth or latency needs. With a cloud-native BSS platform, CSPs will be able to take personalization to new heights by providing improvements and offers in close to real time.
Digital BSS platforms will allow the deployment of AI and ML intelligence to track and assess customer behavior in order to significantly improve consumer satisfaction and trust.
Importance Of Cloud-native BSS Platform
Moving BSS to the cloud has several advantages for CSPs. Some of the advantages of the telecom digital BSS platform are as follows:
- Time to market is reduced with continuous implementation and Continuous Delivery.
- Business process automation in service delivery
- Multiple zone availability ensures that consumers from various zones have a quick response time.
- Cost savings are achieved by reusable assets and auto-scalability.
- No downtime due to infrastructure resizing.
- Utilize the full potential of 5G services.
- Allows the CSP to provide network and other service aspects as a service, which promotes the development of new B2B services.
- Move away from fixed hardware licensing costs and towards pay-per-use cloud alternatives based on open source.
- Allows developers to focus on improving the basic functionality of each service.
CSPs Reduce OpEx with Cloud BSS Solutions
One of the benefits of the telecom digital BSS platform is that it considerably reduces operating and maintenance expenses owing to parameters such as reduced data center real estate, power usage, server upkeep, restoration of broken components, offloading network safety, and more.
5G Monetization with Cloud BSS Solutions
To fully realize the potential of 5G, networks, services, and slices must be dynamic and fast deployable, scalable on-demand, continually optimized to satisfy service level agreements (SLAs), and capable of addressing faults without disrupting services. Service orchestration must give a real-time end-to-end view across all technological and cloud domains in order to achieve 5G monetization objectives.
To make this a reality, CSPs are establishing collaborations with digital BSS solution providers, as well as providers of digital transformation solutions, to design and establish roadmaps that will speed their digital transformation.
CSPs Lock Success with a Cloud-native BSS Solution
Moving BSS to the cloud will give CSPs one interface for transformation and unification across all payment forms, as well as improve support for B2C and B2B clients. There is no reason why CSPs should not deploy the telecom digital BSS platform.
Canvas, a modular Digital BSS platform offers the flexibility required to build new, tailored customer experiences which improve client retention and earnings. The importance of a cloud native BSS platform includes the lower total cost of ownership, faster time to market for novel services, and a new capability to give clients an exceptional digital experience. These needs are fulfilled by Canvas, the best telecom digital BSS platform.