Once upon a time, few companies needed metering or usage-based billing. This is changing, and fast, as the world shifts toward ever more granular pricing based on consumption. As FirstMark investor Matt Turck expresses it, “The problem is only getting worse as the software industry transitions from subscription-based to consumption-based revenue models. What started as a trickle is becoming mainstream.” First it was the software-as-a-service companies, followed by fintech companies, and now artificial intelligence companies such as Mistral; they all need the same sort of billing infrastructure that powers infrastructure companies like AWS. Sounds simple, right? It’s not. Complexity skyrockets once you need to correctly track the usage of billions of monthly events.
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InfoWorld
