Oracle is implementing lighting speed 5G services with the Converged Charging System. The technology is able to accurately authorize and respond to any charging needs within milliseconds. The 5G cloud-native charging system is made to meet the need of offering fast charging both online and offline. This is able to function with any service or payment technology models.
This way, service providers are able to charge users within real-time for strong 5G communication and other digital lifestyles. This progression can range all the way from charging virtual reality cloud gaming to a video health check. The real-time transaction processes using the company's Coherence, which is a leading memory data grid technology system that enables the operation at a high speed and collects data in a centralized location.
Image Credit: Oracle
What's Driving This Trend
- Real-time-charging-system
- The implementation of a 5G cloud-native real-time charging system provides a disruptive innovation opportunity for tech companies to offer lightning-fast charging systems for online and offline services.
- Cloud-gaming
- The progression of charging systems that are capable of charging virtual reality cloud gaming creates an innovation opportunity for the gaming industry to develop increasingly immersive experiences for users.
- Data-collection-technology
- The use of Coherence, as a memory data grid technology system that can handle large amounts of data in a centralized location, provides an opportunity for companies to develop efficient data collection and analysis systems for various industries such as healthcare, finance, and retail.
Who This Affects Most
- Telecommunications
- The implementation of a real-time 5G charging system creates an opportunity for telecom companies to offer an unparalleled communication experience that has never been seen before.
- Gaming
- The deployment of charging systems that support cloud gaming creates an opportunity for the gaming industry to develop immersive gaming experiences that are not limited by hardware configurations.
- Healthcare
- The ability to conduct video health checks and charge users within real-time creates a disruptive innovation opportunity for the healthcare industry to develop digital health services that can be accessed remotely.
