What you need to know:
- Verizon and SAP have expanded their strategic partnership to develop and test new 5G solutions
- Verizon 5G Ultra Wideband is now live at SAP Labs in Palo Alto, CA
- First trials to test how 5G and edge compute can transform digital supply chains on factory floors, at fulfillment centers and distribution warehouses and within retail stores
NEW YORK, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Verizon and SAP have expanded their strategic partnership to develop and test 5G and compute at the edge solutions. Verizon has lit up its 5G Ultra Wideband service at SAP Labs in Palo Alto, CA. The engagement will leverage a vast partner ecosystem that includes system integrators, technology partners and industry specialists who will work together to explore how 5G can deliver tangible innovations that address real business challenges across nearly every industry.
Verizon and SAP will initially explore how 5G and edge compute can transform digital supply chains on factory floors, at fulfillment centers and distribution warehouses, and within retail stores. The first set of target use cases include retail stocking and shelf layout compliance as well as predictive quality and predictive maintenance. Verizon and SAP have already been collaborating for several months to create enterprise solutions that use Verizon’s network and platform capabilities integrated with SAP’s software and services, particularly SAP offerings for providing end-to-end visibility across the digital supply chain, and delivering operational efficiencies in the retail and warehouse environments.
“Verizon’s 5G network is the foundational technology for 21st Century innovation,” said Debika Bhattacharya, Vice President, 5G and Enterprise Solutions. “The transformative nature of services and solutions being built on Verizon's 5G network are changing industries and we are excited to partner with SAP to continue to expand new verticals ranging from retail to manufacturing.”
“As the world’s largest provider of enterprise application software, we’re on a never-ending quest to bring information to decision makers at the speed of thought,” said Max Wessel, Chief Learning Officer at SAP, and MD, SAP Labs. “By connecting SAP® Business Technology Platform with Verizon’s 5G Ultra Wideband network, we’re confident that customers across industries can achieve impact through innovation.”
This engagement is part of Verizon Business’ broader strategy to partner with enterprises, startups, universities and government/military to explore how 5G can disrupt and transform nearly every industry. Verizon operates six 5G Labs in the U.S. and one in London that specialize in developing use cases in industries ranging from healthcare to public safety to entertainment. The deployment of Verizon 5G Ultra Wideband at SAP Labs Palo Alto supports Verizon’s strategy of taking approaches and technologies developed at Verizon’s own labs to partners for increased scale and impact. Verizon has set up four additional 5G Innovation Hubs on-premise for customers as part of an ongoing initiative to partner on 5G-related use cases to help customers transform their industries.
SAP Labs in Palo Alto supports rapid prototyping and testing of innovative concepts and will also showcase demos to customers so they can trial solutions before deploying them in their own environments.
The virtual ribbon cutting will take place Monday Dec. 14th at 10 am PT. In addition to keynotes by Verizon and SAP executives, there will be a moderated panel discussion with speakers from Verizon, SAP, Deloitte and Hitachi Vantara. If you’re interested in attending, please visit the registration page.
Learn more information about 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.
Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission , including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.
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