Verizon Business and IBM announced that they are collaborating to work together on 5G and edge computing innovation to enable the future of Industry 4.0. Verizon will contribute its high speed and low latency of 5G and Multi-access Edge Compute (MEC) capabilities, IoT devices and sensors at the edge. And IBM will collaborate its 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. So, the first solutions planned from this collaboration are mobile asset tracking and management solutions to help enterprises improve operations, optimize productivity, quality and safety.
For these initial solutions, both companies plan to leverage Verizon’s wireless networks, including:
- Verizon’s 5G Ultra-Wideband (UWB) network
- Multi-access Edge Computing (MEC) capabilities
- Verizon’s ThingSpace IoT Platform
- Critical Asset Sensor solution (CAS)
These will be jointly offered with IBM’s Maximo Monitor with IBM Watson and advanced analytics. The 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.
Bob Lord, Senior Vice President, Cognitive Applications, Blockchain and Ecosystems, IBM said, “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. 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”.
Tami Erwin, CEO, Verizon Business said, “This collaboration is all about enabling the future of industry in the Fourth Industrial Revolution. 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”.
You can read more details here.