Industry standards for CSP's would save money

Industry, standards, CSP, save, money, budget, savings, reduced integration, costs, increased, operational, agilityResearch shows benefits of standards adoption include IT budget savings, reduced integration costs and increased operational agility

Research shows benefits of standards adoption include IT budget savings, reduced integration costs and increased operational agility

 Oracle have released the results of independent research questioning senior IT executives at Communications Service Providers (CSPs) across EMEA, the Americas and APAC on the need for consistent adoption of industry standards in their Business and Operations Support Systems (BSS/OSS) business processes.

Carried out by Vanson Bourne, the research found that more than half (56 per cent) of respondents estimated they would free up in excess of 10 per cent of their annual IT budgets if existing industry standards for BSS/OSS business processes were widely adopted, with the average percentage amongst all respondents being almost 16 per cent.

Inconsistent adoption of industry standards for BSS/OSS business processes and IT infrastructure has led to challenges for CSPs: Three quarters of respondents believe that systems integration costs are higher now than they would be with the widespread adoption of standards, and 65 per cent felt the same way about management and maintenance costs.

 

Lack of standards

For 57 per cent of respondents, the lack of industry-wide standards adoption makes it more difficult for IT departments to respond as quickly as they would like to new demands from the business.

When asked which outcomes for BSS/OSS would provide the biggest benefit to their business, 54 percent ranked increasing the agility of the IT architecture to become more responsive to business needs in their top three.

Two-thirds of respondents then went on to state that agreed industry standards for BSS/OSS business processes would be very helpful or helpful in achieving this outcome.

Bhaskar Gorti, Senior Vice President & General Manager, Oracle Communications said “It is clear from this research that industry standards have a very real role to play in making BSS/OSS work for the business. Standards expedite procurement processes for our customers through their use of common terms to describe product and service capabilities, and the ability to identify inefficiencies via comparisons with industry best practices.  As we can see from the results of this new research, standardisation can also reduce integration and operational costs, as well as risk. Oracle Communications is committed to industry standards, and today has also announced that our Rapid Offer Design and Order Delivery (RODOD) solution is the first to complete the new TM Forum Frameworx Solution Certification process.” 

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