Verizon Business Teams with Deloitte to Expand 5G and Mobile Edge Computing Applications

Rhea-AI Summary

Verizon Business and Deloitte are collaborating to create advanced 5G and mobile edge computing (MEC) solutions tailored for the manufacturing and retail sectors.

The partnership aims to deploy a smart factory solution capable of identifying quality defects in real-time using computer vision and sensor detection. This innovation seeks to enhance operational efficiency by minimizing manual inspections, reducing waste, and cutting costs.

The initiative aligns with a broader strategy to transform businesses with real-time intelligence and agility through cutting-edge technologies.

Positive

• Collaboration with Deloitte enhances Verizon's capability in developing innovative 5G and MEC solutions.
• The smart factory solution aims to increase plant efficiency and reduce waste.
• High demand for advanced wireless technologies, as indicated by a Deloitte study where 85% of executives view it as essential for digital transformation.

Negative

• None.

What you need to know:

• Verizon Business and Deloitte are building an extended ecosystem for 5G and mobile edge computing (MEC) solutions aimed at manufacturing and retail.
• The first deployment will be a smart factory solution that identifies and predicts quality defects on the assembly line. The solution will automatically alert plant engineering and management in near real-time through the use of computer vision and sensor based detection utilizing mobile edge compute, SD-WAN and VNS.

NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Verizon Business is teaming with Deloitte to co-innovate 5G and mobile edge computing (MEC) solutions that can transform manufacturing and retail, and ultimately expand to other sectors. The companies plan to create transformational solutions to serve client-specific needs using Deloitte’s industry and solution engineering expertise combined with Verizon’s advanced mobile and private enterprise wireless networks, 5G Edge MEC platform, IoT, Software Defined-Wide Area Network (SD-WAN), and VNS Application Edge capabilities.

Verizon and Deloitte are collaborating on innovative solutions to transform manufacturers into “real-time enterprises” with real-time intelligence and business agility by integrating next-gen technologies including 5G, MEC, computer vision and AI with cloud and advanced networking. The companies are co-developing a smart factory solution at Verizon’s Customer Technology Center in Richardson, TX that will utilize computer vision and sensor-based detection coupled with MEC to identify and predict quality defects on the assembly line and automatically alert plant engineering and management in near real-time.

The companies will also introduce an integrated network and application edge compute environment for next generation application functionality and performance that reduces the need for manual quality inspection, avoids lost productivity, reduces production waste, and ultimately lowers the cost of raw materials and improves plant efficiency. The combination of SD-WAN and VNS Application Edge will bring together software defined controls, application awareness, and application lifecycle management to deliver on-demand network transformation and edge application deployment and management.

 “By bringing together Verizon’s 5G and MEC prowess with Deloitte’s deep industry expertise and track record in system integration with large enterprises on smart factories, we plan to deliver cutting-edge solutions that will close the gap between digital business operations and legacy manufacturing environments and unlock the value of the end-to-end digital enterprise,” said Tami Erwin, CEO of Verizon Business. “This collaboration is part of Verizon’s broader strategy to align with enterprises, startups, universities and government to explore how 5G and MEC can disrupt and transform nearly every industry.”

“In our recently published Deloitte Advanced Wireless Adoption study, over 85% of US executives surveyed indicated that advanced wireless is a force multiplier that will unlock the full potential of edge computing, AI, Cloud, IoT, and data analytics. Our collaboration with Verizon combines Deloitte’s business transformation expertise with advanced wireless and MEC technology to deliver game changing solutions,” said Ajit Prabhu, US Ecosystems & Alliances Strategy Officer and 5G/Edge Computing Commercialization leader, Deloitte Consulting LLP.

Learn more information about Verizon 5G Edge and Verizon’s 5G technology.

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 330,000 people worldwide connect for impact at www.deloitte.com.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media Contacts:
Chris Ashraf
christina.moon.ashraf@verizon.com201.320.4259
Twitter: @ChrisMoonPR

Anisha Sharma
Deloitte Services LP
anissharma@deloitte.com
201.290.9119

 

FAQ

What is the collaboration between Verizon and Deloitte about?

Verizon and Deloitte are working together to develop advanced 5G and mobile edge computing solutions aimed at transforming manufacturing and retail sectors.

What is the smart factory solution mentioned in the press release?

The smart factory solution will use computer vision and sensor detection to identify and predict quality defects on the assembly line, alerting management in real-time.

How will this partnership impact manufacturing efficiency?

The partnership aims to minimize manual inspections, reduce production waste, and lower costs, thereby improving operational efficiency in manufacturing.

What technologies are being integrated in the Verizon and Deloitte collaboration?

The collaboration integrates 5G, MEC, computer vision, AI, IoT, and SD-WAN technologies.

Why is advanced wireless technology important according to Deloitte's study?

The study suggests that advanced wireless technology unlocks the full potential of edge computing, AI, Cloud, IoT, and data analytics.