As 5G continues to grow, we expect to see more service providers having unique "experience packages" beyond a simple blanket of 5G speeds for all offerings—for instance, a connection specifically for cloud gaming, the metaverse or an autonomous car. As experiences become more a la carte, there is a need for a new kind of billing approach that can be fine-tuned and uniquely tailored to end-users, backed by machine-learning, to understand what they may want even if they aren't sure themselves. This will be essential to be a player in a new digital world, including upcoming metaverse use cases.
Freestyle Billing offers a unique, holistic approach to flexible monetization to address the new capabilities and use cases enabled by 5G, such as network slicing, AR/VR services in the field, precise monitoring and more. It introduces a single, universal biller that supports each customer, consumer, or enterprise, with a preferred monetization model for their needs per different service, creating countless options for billing and business models based on preference.
This innovative offering enables service providers to optimize and automate their customers' experiences with a novel toolset and agile approach. Machine learning-based recommendations suggest the best invoicing model for each user, with users' ability to adjust preferences manually. This includes the ability to split payments among family members, separate different 5G-enabled experiences from base offerings, real-time visibility through the month, and a design-led statement that delivers a personalized, engaging bill that minimizes complexities.
"As individual 5G experiences become available, communications service providers will confront several complexities," said
"Next generation experiences are driving new consumer expectations for flexibility around payments and monetization, and creating new revenue opportunities for service providers,” said
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Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market.
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