Verizon said on Monday it has struck deals with Microsoft and Nokia to improve the telecoms giant's ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks.
Private 5G networks remove the need for businesses to jostle for speed with others on a public network and help enable data-intensive applications that use computer vision, augmented reality and machine learning to increase productivity.Azure, Microsoft's cloud computing business, will run on top of Verizon's 5G network to processes the data generated by machines at the local facility and use artificial intelligence to automate operations.
"This is about creating a new business opportunity for everyone," Verizon's Chief Strategy Officer Rima Qureshi said. She declined to disclose how the revenue would be shared between Verizon and Microsoft.
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