Telecom Charging System Architecture

Nowadays, telecom industry is in a state of flux. Every telco is looking to venture into new territories to compensate for the money lost to competition and OTT (Over the top) services. In the past, telecom operators used to thrive on revenue generated via voice calls and SMS. However, in the present times, the range of services that they need to deliver has widened considerably. The legacy systems employed by telcos no longer do justice to the modern innovative telecom services that need to be delivered. Moreover, telcos require most services to be delivered in real time, which is why; a flexible and   real time charging system   is needed for timely tracking and accurate billing. Online Charging System: The Backbone of a Successful Telecom Billing System   An online charging system is a must-have for any modern telecom billing system. An OCS is essential for telecom operators as it lets them: 1. Charge on the basis of events e.g. SMS 2. Charge on the basis of s

Although the launch of 5G is a great initiative in the race to match wired broadband speeds, its value for a telecom operator hinges upon several factors. Faster data connection may seem like a real boon for the subscribers, however, it does not automatically translates into profits for telcos. A lot was expected by telcos after the launch of 4G, which supplanted the erstwhile 3G connection. But instead of  bringing in new revenue streams , it dug a hole in their pockets as subscribers were lured away by OTT (over the top) platforms like  Netflix ,  Facetime  and Skype. Hence, it is imperative for a telecom operator to be proactive in his strategy while tackling 5G. One way of ensuring that you maximize the advantages offered by 5G is by investing in a real time charging system that monetizes all your offerings. 6 Important Features of OCS OCS ( Online Charging System ) is a real time charging system that is designed to match the current requiremen