Openet today announced that its Openet Data Fabric solution has been successfully deployed by a Tier 1 US operator to collect and manage the data used in the settlement and reconciliation process for its global connected car services.
The operator is a pioneer in the connected car space and currently primes 80 percent of the global market. It chose Openet’s microservices-based solution to simplify a highly complex settlement and reconciliation process with their connected car business reachingacross over 200 countries.
The Openet Data Fabric solution replaced the operator’s previous settlement process, which had become expensive and difficult to manage as the data from local operator networks, third party partners and subscribers increased in volume and complexity. As the operator interfaces with many local carriers to deliver this service, there is significant complexity in resolving settlement for with each ‘client’ with varying commercial agreements and requirements. Within six months of deploying Openet’s solution, the operator’s operational costs were reduced by 50 percent compared to a traditional monolithic deployment, claims Openet.
Niall Norton, CEO, Openet
The deployment of our solution enables this leading operator to connect and manage the hugely complex relationships between operators, vendors and third party partners on which IoT business models are built.
