This IDC Insight analyzes the importance of next-generation policy solutions for service providers in supporting LTE and crafting monetization opportunities around it. Most of the telcos are battling thinning revenues from traditional telco services, and high-speed LTE networks present them with a perfect opportunity to fight that. However, the carriers will need the right set of tools to capitalize on this opportunity. The next-generation policy management solutions will enable the telcos to implement, manage, and analyze subscriber policies in real time, and, thus, provide customized product offerings and an elevated customer experience. These solutions will also empower service providers to create lucrative monetization opportunities by developing innovative digital business models.
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