Nokia’s Digital Twin Technology Can Offer European CSPs a Substantial Revenue Boost
For this vignette of a recent episode of the Futurum Tech Webcast, part of the 5G Factor series, analysts Ron Westfall and Shelly Kramer explore Nokia’s digital twin technology and its potential to significantly boost European communications service providers (CSPs) a significant revenue boost. Their discussion covered: Why digital twin technology is gaining broader market acceptance and is directly applicable to 5G network design and builds. The role of Nokia’s digital twin solution for augmenting 5G network development in areas such as beamforming optimization and the selection of optimum bean sets in 3D recreated environments. The market impact of Nokia’s assertion that for a European CSP, using a digital twin, Nokia’s solution provides for 44% higher revenue than traditional methods. Ron and Shelly see Nokia’s digital twin technology has holding great promise for European CSPs as well as CSPs in other regions and can advance not only the technical demands of 5G network development, such as optimized beamforming, but also financial objectives (i.e., bean counting).