Nokia’s Strategic Investment Plans
Nokia is preparing for an upsurge in network demand driven by anticipated progress in the metaverse, Web3, and artificial intelligence (AI) by 2030. The company’s Technology Strategy 2030 report lays out its strategies to address this increased demand by investing in network infrastructure and services.
“Federico Guillén, president of network infrastructure at Nokia, explains that the predicted 22%–25% rise in network demand by 2030 is attributed to the widespread adoption of generative AI and virtual reality technologies.”
- Planning for Future Network Traffic
- Nokia plans to heavily invest in its network equipment and services portfolio to cater to the rising demands of emerging technologies such as the Internet of Value, decentralization, blockchain, and smart contracts.
- The company is focusing on the metaverse space, specifically on areas like human augmentation, spatial computing, and split processing, by establishing labs dedicated to exploring these emerging technologies.
Embracing Emerging Trends
Nokia’s Technology Strategy 2030 underscores the importance of AI, cloud computing, the metaverse, the Internet of Value, Industry 5.0, and API networks as pivotal trends shaping the future tech landscape. The company anticipates a significant increase in connected devices, pushing for widespread adoption of the metaverse across various sectors by 2030.
“Nokia highlights the transformative potential of the metaverse in industries ranging from supply chains to manufacturing, indicating a shift towards real-time interaction and efficient planning facilitated by interconnected systems.”
- Advancements in Network Infrastructure
- Nokia is gearing up for a future driven by advanced, intelligent network systems that offer real-time optimization, automation, customer analytics, security enhancements, and privacy features.
- The network architecture will encompass a digital twin system supported by diverse APIs, empowering users with valuable insights and streamlined infrastructure management.
