Giant US telco Verizon has launched a new global business and technology venture - dubbed Exponent - offering a portfolio of software and internet platforms designed to enable carriers around the world to quickly deploy and launch next-generation solutions.
Verizon says Exponent offers a foundation for carriers to “fuel their digital transformation and compete with a range of new digital service providers” by expanding their Big Data and Artificial Intelligence, Internet of Things (IoT), media services and Internet services delivery platforms.
“As carriers around the world seek to compete with new, emerging technology players and OTT service providers, Exponent provides a cost-effective way for them to leverage Verizon’s investment and experience to diversify and help grow their revenue streams while relying on our tradition of innovation, reliability and excellence,” said Guru Pai, Chief Product Officer at Verizon.
{loadposition peter}According to Verizon, Exponent platforms provide a broad range of business and technical benefits to carriers including:
• Big Data and artificial intelligence platform – designed to assist carriers to unlock and monetise their wealth of data through the application of advanced machine learning techniques, deep analytics, and artificial intelligence. This new groundbreaking platform enables services providers to utilise their unique data sets in the marketplace and open new business opportunities
• IoT platform – from silicon to vertical solutions, this platform eliminates many of the limitations carriers have traditionally faced in managing the known complexities of its IoT growth business. By integrating a wide set of capabilities, from managing all end user devices and connections to a developer and customer marketplace, carriers are empowered to accelerate their IoT use cases
• Media services platform – through cross-platform video and advanced media services across multiple networks with different end point devices, this platform reduces complexity to a simple integrated end-to-end next-generation video technology, handling everything from content ingestion to the final user screen. These solutions allow carriers to easily process at scale any type of video content from linear TV feeds to live streaming, OTT and emerging formats such as 360 video and VR, at a very convenient cost structure, while delivering a rich and customisable user experience
• Internet services delivery platform – with the goal of managing the ever-increasing infrastructure demand, this platform provides a powerful and flexible real-time flow-based solution that helps operators launch revenue-generating internet services, create value-based pricing and consumer engagement plans, and deliver dynamic network optimisation capabilities through a simple management interface
• Cloud computing and storage platform – designed and built with carrier-sized deployments in mind, this container-based architecture allows carriers to rapidly deploy new services with a focus on scale and security, all while optimising for both performance and cost.
Courtney Munroe, group vice president at IDC Research says,“Exponent’s approach to designing and deploying platforms with an open architecture model offers carriers an innovative and much-needed entry into new growth areas while mitigating the required investment and resources to get started. There is significant value for both sides in this model.”