Infosys Ltd ADR (NYSE:INFY) 5G Living Labs to Incite Stakeholders Accelerate Deployment of 5G Network and Later Monetize the Service
Infosys Ltd ADR (NYSE:INFY) announced the establishment of 5G Living Labs in 5 global locations. Infosys announced at the 2019 Mobile World Congress (MWC) held in Barcelona. The 5G Living Labs are meant to help Communication Service Providers, and Enterprises understand the economic significance of the 5G network.
Deployment of the 5G network has proven complicated in terms of the technology required and the manual labor that will go into it. As such, Infosys has endeavored to excite stakeholders with what is in store for economies should 5G network be deployed successfully.
5G network is a hot topic in the telecommunication ecosystem now. Infosys participation in the same will sure draw positive energy to the company’s stock given that they have been stagnating lately. During the previous business day, the company’s stock gained 0.47% to close at $10.77.
5G Living labs have been set up in the global cities of Bengaluru, Richardson, Indianapolis, Frankfurt, and Melbourne. Through these labs, Infosys looks to make stakeholders imagine and bring to realization economies with 5G connectivity.
Infosys to lend its Experience in Enterprise applications
Infosys has been in the enterprise applications and systems business long enough to realize the economic potential 5G network will unlock. The 5G Living Labs features Infosys proprietary technologies in the fields of Artificial Intelligence (AI), Augmented Reality (AR), the Internet of Things (IoT) and Virtual Reality (VR).
Among the fields that would benefit from 5G deployment among others, include the network visualization space, AI and Automation. The network will also cut down on costs and enhance the delivery of network-based services. Additionally, 5G will incite enterprises to venture into an intriguing era of innovations creating new realities and improving operational efficiencies in organizations.
Infosys has identified the challenge facing the network’s deployment as the desperate need to match innovations in the ecosystem as well as the ability to conceptualize the ideas quickly. Enterprise adoption of 5G is the missing link to monetizing the network for communication service providers, and that is precisely what the Living Labs are meant for.
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