Verizon has launched Exponent, a new business and technology venture offering a portfolio of software and Internet platforms designed to enable carriers around the world to quickly deploy and launch next-generation solutions.
Created by a carrier for carriers, Exponent has the potential to change the carrier landscape by helping to generate new revenue streams, reduce investment risk, and embrace tomorrow's business opportunities. Exponent combines Verizon's innovation with the operating knowhow of running one of the most advanced networks on the planet to provide carriers with the expertise and capabilities to accelerate growth, optimise performance, and monetise assets.
"As carriers around the world seek to compete with new, emerging technology players and over the top (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.
Exponent platforms include:
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 platform enables service providers to utilise their 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 complexities of their IoT businesses. 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 allow carriers to process at scale any type of video content 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 performance and cost.
Exponent's platforms were designed to bring the flexibility and openness of internet technologies with the scale and consistency of carrier-grade solutions, leveraging open source software, comprehensive application programming interfaces (APIs) and micro-services architectures.
"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," said Courtney Munroe, Group VP at IDC Research.
"Our launch of Exponent demonstrates our commitment to providing best-in-class experiences and services to the carrier community. After many years of hard work, we are ready to launch and share our learnings, and we welcome all services providers globally to partner with us," said Brian Higgins, VP and GM of Exponent.
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