Verizon has recently announced that it has signed an agreement with Microsoft and Nokia to help businesses build private 5G networks. The private systems eliminate the business need to push for speed with others in a public network environment.
With this, the company will improve its ability to target businesses and customers by providing clients with the ability to mechanize factory floors, deliver lower costs and also speed up data traffic via private 5G networks.
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It also helps organizations with data-intensive applications enhance productivity with computer vision and advanced tech. As mentioned by Verizon, “Next year will be all about deploying private 5G and not about commercial success, and we will start seeing early monetization from 2022 onwards.”