ABI: Mobile Carrier Big Data Spending Helps Transformation to Digital Service Provider

Mobile carrier Big Data spending will exceed $50 billion through 2021, according to new reports from ABI Research titled ¨Big Data & Machine Learning¨ and ¨Telco Big Data, Analytics and Machine Learning.” The forecast includes machine learning analytics. Enhancing fraud mitigation and revenue assurance number among the benefits anticipated, ABI highlights. Legacy fraud mitigation systems employ rules-based algorithms to detect and prevent fraud. They have proven somewhat inadequate when trying to keep pace with the increasing scale and sophistication of cyber-threats. Able to ¨learn¨ on the fly based on actual incursions, application software based on machine learning methods and techniques improve carriers’ ability to detect and prevent fraud, ABI explains. In addition, predictive machine learning analytics based on very large data streams and real-time network management enable mobile broadband carriers…


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