We were extremely privileged to be part of the 2017/2018 Digital Innovators journey, making it into the top 3 in the ‘Life Changer’ category alongside digi.me and Cera.
Unfortunately, we were ultimately pipped at the post at the last Dragon’s Den-styled showdown on 10th May 2018 and, while we would have been very happy to take the award home ourselves, we would like to offer our heartfelt congratulations to digi.me on a job very well done.
What we learned as part of the Digital Innovators journey
Working on the final presentation for the Digital Innovators awards evening once again highlighted to us the sheer volume of resources wasted through over-payment of incorrect tariffs and the good that cash could be used for.
Through our research, we have identified that consumers and businesses overpay for their mobile phone services by an average of 66% and 96%, respectively. For a connection that costs £30 per month, this translates into annual savings of £150 for consumers and £176 for businesses. That money, which is effectively wasted each month, could easily be put to better use by individuals supporting ‘save and donate’ initiatives, while companies could deploy the free resources for their core-operation or incremental research and development.
So, what’s the take-away?
Klaus Henke, Managing Director of Billmonitor said:
We were very proud to make the final round of this year’s Digital Innovator’s Power List. It has shown us that our efforts to help people and businesses to make better buying decisions is recognised, particularly against the backdrop of a telecom industry that uses obfuscation to make it more difficult for users to find and secure better tariffs and bundles. At Billmonitor, we are facilitators for change, working hard to overcome that obfuscation and enabling our users to enjoy beneficial savings. Making it in to the final three in the Digital innovators award gave us the opportunity to take another big step in the journey to full transparency by shining a light on the problem in a very public forum. There is still a long way to go and we are more than up to the challenge.
