5 monetization strategies of mobile edge computing (MEC), monetization of mec

5 monetization strategies of mobile edge computing (MEC), monetization of mec

Mobile edge computing (MEC) has five monetization strategies. In the past few years, cloud services have been unable to compute the large amount of data generated by mobile devices and provide meaningful analysis, this is true even at the speed of light. This is because the distance between the cloud and the device through the return operation causes delay, which is a problem that mobile edge computing (MEC) solves.

MEC aims to eliminate Latency by providing a closer computing capability to the device. It enhances virtual/augmented reality and other applications for technologies such as self-driving vehicles with millisecond-level latency, this is crucial. Edge computing will play a key role in 5G. as the next generation of mobile communication technology, 5g is expected to usher in robotics, self-driving cars, VR/AR, AI and IOT connections.

 

OTT is also here to grab the site

According to industry analysts at ABI Research, 5g can generate nearly $250 billion in revenue. For carriers with declining incomes, 5G will bring lucrative profits and more opportunities to them. However, industry experts have become cautious with the erosion of OTT, which has impacted traditional sources of revenue, such as voice and information.

OTT is impacting the connectivity service of mobile operators. Google and Amazon resell the Project Fi service of mobile services in Germany and other markets. This is the most typical example of two OTT network connectivity. The emergence of MEC opened the door to the new world for operators and will give full play to the potential of 5g monetization to cope with the impact of OTT.

Operators have the advantages of geographic and Topological coverage, mainly thanks to their infrastructure and online connection devices. MEC is a natural development and release of its potential. Mobile operators need to implement the following five strategies to monetize MEC.

1. View fields outside of fog computing

The MEC architecture once caused chaos in the enterprise, because there are multiple implementation routes and open-source competitive standards, different security protocols, various monitoring and hosting applications, it even includes fog computing. Developers who want to use edge technologies must face different challenges and consider available new technologies. Mobile operators have the opportunity to provide clear solutions to developers and enterprises and create a powerful ecosystem.

2. Create a developer-centered Ecosystem

Edge device application developers play an important role. companies like Amazon can now provide developers with convenient and flexible public cloud access, innovative software solutions, and monitoring systems, this allows developers to have full control, and operators should be able to do better in this field.

Create an edge ecosystem with developers as the core, developers can easily configure their applications, and colleagues can also use APIs. The platform needs to provide developers with public cloud-level flexibility and control. In the end, the operator ecosystem can provide ultra-low latency connections.

3. Deploy carrier-Level Architecture

The architecture of the ecosystem needs to be very powerful, so that developers can easily migrate. Carriers must have an architecture that integrates automation and orchestration with end-to-end visibility to provide services to the maximum extent possible. From user, developer and operation experience to network and application, to cloud native architecture and even business model.

4. Embrace cloud priority policies

In order to win the competition, it is also important to think from the competitor's perspective. In the competition between mobile operators and OTT, carriers must not only embrace the cloud native architecture, but also adopt the cloud OTT-style thinking model. Generally, the operator has a long test cycle for a large number of tests and interoperability checks. This cycle may take several years, which often kills innovation. OTT regards the network as a tool for getting users. Their primary task is to launch new products faster than competitors. For most OTT enterprises, standards are the constraint on their development speed.

The carrier's choice is clear. Will standard standards be available before MEC deployment? Some mobile operators have already launched the MEC product.

5. Business Model Innovation

Similar to multiple 5g use cases, MEC has multiple business models. One of these methods may be similar to the cloud computing-based business model, which brings more monetization opportunities to operators. The operator's developers make a profit by connecting millions or even billions of devices, and the operator can also earn revenue from the developers and end users of the device.

The carrier's MEC strategy may generate a market where developers will share services and technologies with other developers and use APIs and connections to create more powerful and advantageous edge applications. In addition, there are also business models around autonomous and connected vehicle technologies. The MEC ecosystem of operators can establish an application store-style system, AI and machine learning technologies can be applied to the mass market.

MEC also provides carriers with low-latency connection solutions for public security, connectivity, and self-driving cars through cooperation with automotive companies, Internet homes, and the IOT industry. Computer Vision and video analysis can help operators create business models such as vehicle insurance, transportation optimization, and assisted driving. The cost of providing such services will be significantly reduced, because the operator can save the return cost by analyzing the HD videos on the edge, rather than transmitting a large number of videos to the terminal or cloud.

Undoubtedly, MEC and 5G will usher in an era of technological breakthroughs. Mobile operators are seizing this momentum to gain more market share, this depends on how mobile operators want to be agile, flexible, and innovative.