Vodafone and Google are collaborating to develop a cloud-based data platform that will help telcos discover new opportunities and improve customer relationships. This comes as an effort to end telcos' struggle in finding new revenue streams, despite big investments in 4G and 5G networks.
While this partnership symbolizes the confluence between telecoms and Silicon Valley, concerns about customer data processing still remain crucial
The deal between mobile operator Vodafone Group Plc and Alphabet Inc's Google Cloud is set to last for six years. Approximately 1,000 workers in Britain, Spain, and the US from both companies will create a "Nucleus", a new cloud-based storage and analytics portal to host Vodafone's data.
In a statement given by Vodafone, Nucleus will have the capability to process around 50 terabytes of data each day within the cloud. "Both companies will drive the use of reliable and secure data analytics, insights, and learning to support the introduction of new digital products and services for Vodafone customers simultaneously worldwide", according to the statement.
Along with the storage and analytics portal, both companies will also develop a system called 'Dynamo' with the ability to extract and transport data across all the countries where Vodafone operates.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.