Technology Readiness for Assurance and Compliance Index:
Advancing Business Assurance Functions in Telecoms
The telecom sector is experiencing a profound digital transformation, propelled by the integration of AI/ML and automation technologies within Revenue/Business Assurance functions. Subex's 2023-24 Business Assurance Global Benchmarking Survey unveils the Technology Readiness for Assurance and Compliance Index (TRACI), which provides a structured framework for navigating technological adoption. The survey reveals pressing challenges within the industry: 60% of telecom operators have not shifted from Revenue Assurance to Business Assurance, and a significant 82% have not adopted AI/ML technologies, both groups reporting low ROI satisfaction. These and more such insights underscore the critical need for technological advancement in driving operational efficiency and revenue generation.
TRACI strategically supports operators by:
- Evaluating the effectiveness of current automation and tools, facilitating a comprehensive assessment of the technology landscape.
- Enhancing Business Assurance functions and integrating AI/ML operations to foster operational excellence.
- Unlocking new revenue streams and ensuring sustained business growth through informed technological investments.
This framework not only addresses immediate operational challenges but also sets the stage for long-term success in a rapidly evolving digital landscape.
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