Verizon Communications Inc - Digital Transformation Strategies

Verizon Communications Inc - Digital Transformation Strategies

Summary

Verizon Communications Inc (Verizon) provides communications, information, and entertainment products and services. The company offers voice, data, and video services and solutions through its wireless and wireline networks. It offers value-added services such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services, and local and long-distance voice services. Verizon’s multimedia offerings include music, video, gaming, and news content. Verizon serves small and medium, enterprise, public sector, and wholesale businesses. The company has business presence in the Americas, Europe, the Middle East, Africa and Asia-Pacific.

In July 2021, Verizon launched a new business unit, Robotics Business Technology, to expand enterprise solutions for aerial and ground robotics. Robotics Business Technology includes Verizon’s acquired companies Skyward, a drone management company; incubed IT, a developer of software for autonomous mobile robots; and a team focused on automating command and control of robots on Verizon’s 5G Ultra Wideband network.

In September 2022, Verizon collaborated with University of South Carolina to explore 5G Ultra Wideband use cases in industries including manufacturing, healthcare, and civil infrastructure, among others. For this, Verizon and the university launched the Innovation Experience Hub, powered by Verizon 5G housed in the McNair Center in Columbia, where students, faculty, entrepreneurs, and corporate partners can collaborate to test and create new solutions powered by Verizon 5G Ultra Wideband.

In June 2021, Verizon Business joined forces with Digital Catapult, the UK authority on advanced digital technology, and industry partners to launch Verizon 5G Immersive Retail Accelerator program designed to develop the next generation of immersive retail experiences.

This report provides insight into Verizon Communication's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Scope

• Verizon uses an AI-powered integrated supply chain planning platform called OnePlatform in its consumer mobile phones business segment. OnePlatform uses predictive analytics, end-to-end automation, and advanced statistical models for calculating inventory targets and optimizing inventory levels.
• In 2021, Verizon launched a business unit called Robotics Business Technology which helps enterprise customers quickly deploy, scale, and manage fleets of drones and ground robots. The new business unit utilizes 5G and MEC technologies to develop and deliver connected robotics solutions to oil and gas, construction, manufacturing and energy companies.
• Verizon applies big data in a variety of business operations. For instance, the company’s data science and cognitive intelligence experts apply big data, data analytics and cognitive technologies to improve marketing and customer service operations; develop high-quality education, Internet of Things (IoT) and healthcare products, and improve the company’s digital infrastructure.
• Verizon is exploring how a Quantum Safe VPN can protect data from hackers who capture data from companies or military forces and store it until they can access quantum computers, which can break public key encryption ciphers, to steal critical data. Quantum Safe VPN makes use of session key exchange security mechanisms or cryptographic ciphers that offer higher level of data protection.

• Gain insights into Verizon's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships, investment, and acquisition strategies.