By Carlos Marques, Head of Product Marketing at WeDo Technologies
Join us at the Risk Management for 5G: Revenue Assurance, Fraud and Security Webinar on November 13th.
In March of this year a doctor, at a hospital in the Chinese city of Sanya, performed brain surgery on a patient that was in a different hospital 1,800 miles away in Beijing. This was the first time brain surgery has been performed remotely through a 5G connection. The surgeon was Dr. Ling Zhipei, who said, “the 5G network has solved problems like video lag and remote-control delay experienced under the 4G network, ensuring a nearly real-time operation. And you barely feel that the patient is 3,000 kilometers away.”
Until now, remote surgery over wireless networks has been impossible, because the lag time between input and output lasts around a quarter of a second, sometimes as long as 2 seconds — a delay potentially harmful, possibly fatal, to a patient. Now, 5G promises to change all that, with its latency reduced to an almost instantaneous 2 milliseconds between devices.
Network slicing is a key enabler of 5G - giving communications service providers the ability to allocate portions of their network for different use cases, different tenants, and deliver slice connectivity at different rates, while optimizing the network to specific SLAs that are required to support each application. This capability is about to transform communication service providers’ business models, while enabling IoT connectivity providers, such as MVNOs, the ability to build customized connectivity solutions according to specific use cases.
Network slicing, and its virtualized nature, creates an opportunity to extend the wholesale market to an entirely new group of MVNOs, essentially allowing them to run ‘mini networks’ for customers in specific sectors. For example, a healthcare company can become an MVNO, bringing additional segments of subscribers and devices into the host operator network. If mobile network operators see 5G as a catalyst for more MVNO wholesale business, rather than a competitive threat, deploying sliced mini networks for non-telco service providers could open up a whole new line of business.
Risk management controls for a complex environment
While the opportunity for revenue growth is exciting, it has been proven that the risk of revenue leakage becomes greater as the complexity of the process increases. Operators need to keep in mind that managing this wide range of specifications will create revenue assurance complexities that must be addressed. The challenge being in the key auditing functionalities, which can be transferred to isolated sections of tactical technologies, management features, and operations procedures along the value chain.
Along with revenue assurance, 5G will create a huge impact on security, as the first rollouts will be deployed needing to interwork with legacy networks using HTTP/2 and older protocols, which will remain in place despite their long-standing vulnerability to being exploited by hackers. As more potential attacks surface, such as signaling storms and malware, on the expected billions of IoT devices and sensors, new fraudulent schemes will arise.
Carlos Marques from WeDo Technologies, Stephen Buck from Mobileum, and Robin Duke-Woolley from Beacham Research, join Jeremy Cowan of IoT Now and Vanilla Plus to discuss how to address these challenges in the upcoming webinar Risk Management for 5G: Revenue Assurance, Fraud and Security. Join us on November 13th at 3 PM London | 10 AM New York for answers to the following questions:
- What are the impacts of 5G and IoT for Revenue Assurance?
- What will change from a revenue assurance perspective with 5G and virtualization?
- What is the impact of 5G and IoT on Fraud?
- What are the challenges of security in 5G?
- How can security and fraud be integrated for 5G and IoT?
Register now here.