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telecom industry has become a goldmine of data

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ravitejafe
telecom industry has become a goldmine of data

In earlier days, the data stores were expensive, and data was stored in siloed – separated and often incompatible – data stores. This was creating barriers to make use of an enormous volume and variety of information. Business Intelligence (BI) vendors like IBM, Oracle, SAS, Tibco, and QlikTech are breaking down these walls between data storage and this provides a lot of jobs for telecom data scientists.
When a network is down, underutilized, overtaxed, or nearing maximum capacity, the costs add up
The telecommunication industry has been combating traditional frauds related to voice calls, text messages and IP exchange. The high frequency of these frauds, globally dispersed origins, and multiple layers of machine and network generated anonymity makes these frauds hard to detect and avert. In addition to these telecom frauds, following are the schemes on the rise that the telecom industry must prepare for.Frequent updates in technologies open gates to different types of threats of vulnerabilities. It is imperative for any telecom company to adjust fraud management systems to counteract them all and preferably in real-time. All frauds have trends and patterns. The traditional rule-based telecom fraud prevention systems have been dependent on the human capability to spot those trends and patterns.

Internet of Things (IoT)
As per a previous prediction by Gartner, over 20 billion connected things would have been in use by 2020. Amidst the hype about IoT, we are overlooking the sheer amount of ‘connected things’ that will be left unsecured. The massive scale of the Internet of Things (IoT) and the access to valuable data provide compelling opportunities for fraudsters. Hackers are already employing IoT devices to make fraudulent purchases, and to launch DDoS attacks.

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