IBM and Verizon Team Up in a High-Growth 5G Market
IBM (NYSE: IBM) and Verizon (NYSE: VZ) recently unveiled a partnership to develop new 5G and AI solutions for industrial customers. This new partnership will mainly focus on "edge computing," which brings processing and storage solutions closer to a device's physical location.
Setting up edge "nodes" closer to a company's IoT (Internet of Things) devices can boost the speeds, processing power, and reliability of those edge devices. The rollout of 5G networks, which can run up to 100 times faster than 4G networks, should complement the expansion of those edge networks.
The partnership between the two tech and telecom giants will combine IBM's AI, hybrid cloud, edge computing, asset management, and connectivity solutions with Verizon's 5G and edge compute technologies. Let's see how this deal could benefit both companies.
Source Fool.com
