Verizon has formed a new division, called Exponent Technologies, offering a portfolio of software and internet platforms to help other mobile operators to deploy new technologies without the high cost of new infrastructure and resources.
The US-based operator said it is launching five platforms with Exponent Technologies, which afford a “foundation for carriers to fuel their digital transformation”, and compete with over-the-top (OTT) internet players.
These include a big data and artificial intelligence (AI) platform, an internet of things (IoT) platform, a cloud computing and storage platform, a media service platform and an internet service delivery platform.
Guru Pai, Chief Product Officer at Verizon, said: “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.”
The Exponent platforms utilise open source software, application programming interfaces (APIs) and micro-services architectures, said Verizon.
Courtney Munroe, Group Vice President at IDC Research, commented: “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.”
Verizon described the initiative as one “created by a carrier, for carriers”, and said it will help the operator community to generate new revenue streams and reduce investment risk.
Earlier this month, Verizon was displaced by AT&T as the most valuable telco brand in the world.