IBM and Verizon Business to Collaborate on 5G and AI Solutions at the Enterprise Edge

Verizon Business (NYSE: VZ) and IBM (NYSE: IBM) today announced they are entering into a collaboration to work together on 5G and edge computing innovation to help enable the future of Industry 4.0. The companies plan to collaborate on solutions combining the high speed and low latency of Verizon's 5G and Multi-access Edge Compute (MEC) capabilities, IoT devices and sensors at the edge, and IBM's expertise in AI, hybrid multicloud, edge computing, asset management and connected operations. Many industrial enterprises are today seeking ways to use edge computing to accelerate access to near real-time, actionable insights into operations to improve productivity and reduce costs. To address this need, the first solutions planned from this collaboration are to be mobile asset tracking and management solutions to help enterprises improve operations, optimize production quality, and help clients enhance worker safety. For these initial solutions, the two companies plan to leverage Verizon's wireless networks, including Verizon's 5G Ultra Wideband (UWB) network, and Multi-access Edge Computing (MEC) capabilities, alongside Verizon's ThingSpace IoT Platform and Critical Asset Sensor solution (CAS).