Nokia Anticipates Network Demand Surge due to Web3 and AI Advancements
Telecoms Infrastructure Firm Nokia is expecting a significant increase in network demand in the coming years, driven by advancements in Web3, metaverse, and artificial intelligence (AI). The company’s Technology Strategy 2030 report reveals plans to invest in its network equipment and services portfolio to cater to these emerging ecosystems.
Anticipated Increase in Network Demand
Nokia predicts a 22% to 25% surge in network demand between 2022 and 2030, thanks to the growing mainstream acceptance and adoption of virtual reality devices and generative AI. Federico Guillén, the president of network infrastructure at Nokia, believes that the increased demand is a result of the growing popularity of these technologies.
Nokia’s Technology Strategy 2030 involves significant investment in its network equipment and services portfolio to meet the rising demand. The company plans to focus on several emerging ecosystems, including the Internet of Value, decentralization, blockchain, and smart contracts. It will also prioritize the metaverse, with a particular emphasis on human augmentation, spatial computing, and split processing. Additionally, Nokia aims to capitalize on AI, Industry 5.0, the API economy, and Cloud Continuum.
A Changing Landscape
Nokia expects a surge in new connected devices that will drive the adoption of the metaverse across consumer, enterprise, and industrial sectors. This will lead to real-time interactions between enterprises and distributor systems in supply chains and manufacturing facilities, enabling efficient supply planning and estimation. The metaverse will also revolutionize manufacturing operations by facilitating design, testing, real-time monitoring, and remote maintenance.
The emergence of Web3 is also transforming businesses, with cloud computing and advanced AI becoming foundational requirements for digital transformation. Nokia highlights this in its Technology Strategy 2030 report.
Nokia’s Experiments with the Metaverse
In 2022, Nokia established two labs to study the metaverse and its underlying technology. The company also conducted several metaverse initiatives in 2023. Additionally, Nokia developed a future network architecture using digital twin technology. Digital twin simulations are used for prototyping and testing in various industries, including manufacturing and construction.
“We had a 5G connected Microsoft HoloLens, and we were able to instruct people on how to service a Cessna using augmented reality in this case.”
An Emphasis on Intelligent Network Infrastructure
Nokia’s Technology Strategy 2030 report emphasizes the importance of advanced, dynamic, and intelligent network infrastructure capable of real-time performance optimization, zero-touch automation, customer experience analytics, advanced security, and privacy features. By incorporating a digital twin system with diverse APIs, Nokia aims to enable service providers and enterprises to manage interconnected infrastructures more efficiently. The company hopes to transform communication and position itself as a leader in digital transformation.
Hot Take: Embracing the Web3 Revolution with Nokia
Nokia’s anticipation of a surge in network demand driven by Web3, metaverse, and AI advancements highlights the company’s commitment to staying at the forefront of technological innovation. By investing in its network equipment and services portfolio and focusing on emerging ecosystems, Nokia is positioning itself to cater to the evolving needs of customers.
With the growing adoption of virtual reality devices and generative AI, Nokia recognizes the need to adapt and provide advanced infrastructure to support the increasing network demand. By embracing the metaverse and developing digital twin technology, Nokia is actively exploring and experimenting with new possibilities.
As the landscape continues to evolve, businesses across sectors are also recognizing the importance of Web3 and the adoption of advanced technologies in their digital transformation journeys. Nokia’s Technology Strategy 2030 report serves as a roadmap for the company’s future endeavors, emphasizing its commitment to intelligent network infrastructure and its aspiration to lead the way in digital transformation.
By embracing the Web3 revolution and investing in cutting-edge technologies, Nokia is well-positioned to meet the evolving demands of the future and empower its customers to thrive in the digital age.
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