IBM and Verizon Business to Collaborate on 5G and AI Solutions at the Enterprise Edge

Companies to work together on 5G and MEC co-innovation;
First solutions to be aimed at helping improve industrial quality, availability and performance

 

Verizon Business (NYSE: VZ) and IBM (NYSE: IBM) today announced they are entering into a collaboration to work together on 5G and edge computing innovation to help enable the future of Industry 4.0. The companies plan to combine the high speed and low latency of Verizon’s 5G and Multi-access edge compute (MEC) capabilities, IoT devices and sensors at the edge, and IBM’s expertise in AI, hybrid multicloud, edge computing, asset management and connected operations.

 

Many industrial enterprises are today seeking ways to use edge computing to accelerate access to near real-time, actionable insights into operations to improve productivity and reduce costs. To address this need, the first solutions planned from this collaboration are to be mobile asset tracking and management solutions to help enterprises improve operations, optimize production quality, and help clients enhance worker safety.

 

For these initial solutions, the two companies plan to leverage Verizon’s wireless networks, including Verizon’s 5G Ultra Wideband network, and Multi-access Edge Computing (MEC) capabilities, alongside Verizon’s ThingSpace IoT Platform and Critical Asset Sensor solution (CAS). These will be jointly offered with IBM’s market-leading Maximo Monitor with IBM Watson and advanced analytics. The combined solutions could help clients detect, locate, diagnose and respond to system anomalies, monitor asset health and help predict failures in near real-time.

 

IBM and Verizon are also working on potential combined solutions for 5G and MEC-enabled use cases such as near real-time cognitive automation for the industrial environment. Edge computing’s decentralized architecture brings technology resources closer to where data is generated – i.e., where devices are located in an industrial site – this can help decrease lags in response time and increase processing speeds and reliability. 5G’s low latency, high download speeds and capacity can increase the number of devices that can be supported within the same geographic area, and the ability for organizations to interact with those devices in near real-time, with computing power in the proximity of the device. This could mean that innovative new applications such as remote control robotics, near real-time cognitive video analysis and plant automation may now be possible.

 

“The industrial sector is undergoing unprecedented transformation as companies begin to return to full-scale operations, aided by new technology to help reduce costs and increase productivity,” said Bob Lord, Senior Vice President, Cognitive Applications, Blockchain and Ecosystems, IBM. “Through this collaboration, we plan to build upon our longstanding relationship with Verizon to help industrial enterprises capitalize on joint solutions that are designed to be multicloud ready, secured and scalable, from the data center all the way out to the enterprise edge.”

 

“This collaboration is all about enabling the future of industry in the Fourth Industrial Revolution,” said Tami Erwin, CEO, Verizon Business. “Combining the high speed and low latency of Verizon’s 5G UWB Network and MEC capabilities with IBM’s expertise in enterprise-grade AI and production automation can provide industrial innovation on a massive scale and can help companies increase automation, minimize waste, lower costs, and offer their own clients a better response time and customer experience.”

 

Verizon and IBM also plan to collaborate on potential joint solutions to address worker safety, predictive maintenance, product quality and production automation.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Top 5 NFT Scam

Top 5 NFT Scam

From art pieces like EVERYDAYS: THE FIRST 5000 DAYS by Mike Winkelmann to cryptopunks and memes like Side-eyeing Chloe, the popularity of Non-Fungible Tokens (NFT) has been on the uptick. They have also been blowing up in value in 2021. NFT sale volumes have surged eightfold, reaching US$10.7 billion in the third quarter of 2021.

What Brands Must Know About China’s Evolving Millennial Buyers

What Brands Must Know About China’s Evolving Millennial Buyers

Earlier this year, climate activist Greta Thunberg called out fast fashion consumers during an interview with a fashion magazine. She said, “If you are buying fast fashion, then you are contributing to that industry and encouraging them to expand and encouraging them to continue their harmful process.”

What Is Femtech and Are Femtech Companies on the Rise

What Is Femtech and Are Femtech Companies on the Rise?

Women’s needs have been largely neglected for years. They get fewer job opportunities, excessive household work, subpar pay and little healthcare attention. Well, no more. The rise of FemTech startups (largely women-run) is changing the healthcare landscape for women. As per a report by CBInsights, FemTech will be worth US$50 billion by 2025. So, what is FemTech, and how can you get started?

Workplace

The Power of Introverts at the Workplace

Psychologist Carl Jung describes introverts as people whose interests are directed inwards and towards their own thoughts or feelings. They typically struggle to adjust to social settings and are perceived as being reserved. Thus, at a workplace, the introvert might come across as a quiet or unsociable person and end up unnoticed, no matter how big their contributions might be.