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Home - Nokia intros edge charging for enterprises to monetize private 5G data
Private 5GIndustry 4.0Internet of Things (IoT)IoTPrivate Networks

Nokia intros edge charging for enterprises to monetize private 5G data

by James Blackman September 15, 2023
written by James Blackman September 15, 2023 Share
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Finnish network vendor Nokia has launched new ‘edge charging’ software to give enterprises more control over how data running on private 5G networks is processed and analysed at the edge, and also marketed and sold. Nokia is targeting organisations in the cities, utilities, and railways verticals, it said, explaining as well the launch is part of its “ongoing strategic push into expanding its leadership position in the enterprise sector”.

The firm said its new software works as an “intuitive user interface to quickly create new pricing and market offers, thereby reducing the time and cost required to set up and transact new commercial opportunities”. The solution is designed around a microservices based architecture that can be deployed in any cloud and infrastructure environment. But the firm is pushing on-site edge computing heavily, in conjunction with its DAC private networking and MXIE industrial compute offers.

It said edge-based computing will help enterprises to drive their “monetization capabilities”, whilst also reducing processing costs and improving the customer experience by keeping enterprise workloads at the enterprises premises, rather than sending them on longer round-trips to the “far-away” cloud for data processing analytics. The service, called Enterprise Edge Charging, is available for its carrier and reseller channels.

It can be sold directly to enterprise or public sector entities focused on monetizing either Nokia-made private 5G core networks or private networks from other vendors. Nokia noted: “[It] can also be sold to communication service providers, which can charge their enterprise customers.” Nokia said the service comes with its own ‘monetization manager’ software for rating and charging flexibility and accuracy, and also for billing.

The solution is scheduled to be available by the end of the year. A press statement featured a quote from analyst house Appledore Research, which said: “Nokia’s… software is a significant announcement as it allows operators and enterprises to charge for services at the edge. This enables greater control and efficient charging for traditionally low business value devices and is quite timely given that 5G advanced, edge services and IoT applications are on the rise.”

Jonah Pransky, head of Nokia’s ‘charging business line’, commented: “With more and more network functions moving to the edge, our new solution better positions enterprises and communication service providers to more flexibly and cost efficiently capitalise on network monetization opportunities and to better address their customers’ evolving needs.”

Nokia intros edge charging software for cities, utilities, railways

Finnish network vendor Nokia has launched new ‘edge charging’ software to give enterprises more control over how network data is processed and analysed at the edge, and also marketed and sold. Nokia is targeting organisations in the cities, utilities, and railways verticals, it said, explaining as well the launch is part of its “ongoing strategic push into expanding its leadership position in the enterprise sector”.

The firm said its new software works as an “intuitive user interface to quickly create new pricing and market offers, thereby reducing the time and cost required to set up and transact new commercial opportunities”. The solution is designed around a microservices based architecture that can be deployed in any cloud and infrastructure environment. But the firm is pushing on-site edge computing heavily, in conjunction with its DAC private networking and MXIE industrial compute offers.

It said edge-based computing will help enterprises to drive their “monetization capabilities”, whilst also reducing processing costs and improving the customer experience by keeping enterprise workloads at the enterprises premises, rather than sending them on longer round-trips to the “far-away” cloud for data processing analytics. The service, called Enterprise Edge Charging, is available for its carrier and reseller channels.

It can be sold directly to enterprise or public sector entities focused on monetizing either Nokia-made private 5G core networks or private networks from other vendors. Nokia noted: “[It] can also be sold to communication service providers, which can charge their enterprise customers.” Nokia said the service comes with its own ‘monetization manager’ software for rating and charging flexibility and accuracy, and also for billing.

The solution is scheduled to be available by the end of the year. A press statement featured a quote from analyst house Appledore Research, which said: “Nokia’s… software allows operators and enterprises to charge for services at the edge. This enables greater control and efficient charging for traditionally low-value business devices and is quite timely given that 5G advanced, edge services and IoT applications are on the rise.”

Jonah Pransky, head of Nokia’s ‘charging business line’, commented: “With more and more network functions moving to the edge, our new solution better positions enterprises and communication service providers to more flexibly and cost efficiently capitalise on network monetization opportunities and to better address their customers’ evolving needs.”

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James Blackman
James Blackman

James Blackman has been writing about the technology and telecoms sectors for over a decade. He has edited and contributed to a number of European news outlets and trade titles. He has also worked at telecoms company Huawei, leading media activity for its devices business in Western Europe. He is based in London.

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