Nokia Enterprise Edge Charging Empowers Enterprises with Monetization Capabilities

Nokia introduced a new Enterprise Edge Charging software solution aimed at smart cities, utilities, and railway verticals that company officials say will unlock new monetization capabilities in these domains.

Using AI and machine learning, the new Enterprise Edge Charging software empowers enterprises to have greater control over network data processing and analysis at the edge. In addition to reducing processing costs, this also enhances customer experiences and eliminates the lag typically associated with sending data to distant centralized data centers.

The new offerings' user-friendly interface also makes it possible for enterprises to create new pricing models and market offers quickly - reducing the time and resources required to establish and conduct new commercial ventures.

And because it is designed around microservices, the offering is also highly versatile and deployable across various cloud and infrastructure environments, for a hassle-free transition.

“With more and more network functions moving to the edge, our new solution better positions Enterprises and CSPs to more flexibly and cost efficiently capitalize on network monetization opportunities and to better address their customers’ evolving needs,” said Jonah Pransky, Head of Charging Business Line, Cloud and Network Services at Nokia (News - Alert).

Together, Enterprise Edge Charging and Nokia's Monetization Manager make it possible to have more flexibility and accuracy in rating and charging.

Nokia's charging solutions are used by major communication service providers (CSPs) worldwide, serving over 1 billion subscribers. Additionally, Nokia recently introduced specialized Core Network software solutions designed for the specific network needs of public safety and power utilities in both field and wide area network settings.

Sales opportunities include direct marketing to enterprises or public sector organizations looking to monetize their private wireless 5G networks, such as Nokia Enterprise Core Solutions (NCES) or networks from other vendors. Alternatively, communication service providers (CSPs) can adopt this solution to charge their enterprise clients. The solution is slated for commercial availability by year-end.