iconectiv joins the 5G Open Innovation Lab as a technical partner to accelerate new business services

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BRIDGEWATER, NJ – (BUSINESS WIRE) – 5G smartphones are on track to exceed 40% of global shipments this year, IDC predicts. However, smartphones should only represent a part of 5G devices. BPI predicts that the auto industry will be the most significant for 5G use. To capitalize on that growth and enable 5G to reach its potential, communications service providers are leveraging the TruOps Common Language icon to ensure their physical and virtual infrastructure can support all new large-scale 5G services.

Now, iconectiv is bringing that experience into our new partnership with the 5G Open Innovation Lab, which focuses on fueling the development of new capabilities and services that will transform the enterprise. By joining this global applied innovation ecosystem as a technology partner, iconectiv will work with 5G equipment vendors, cloud service providers, universities, government agencies, communications service providers, and early and late stage start-ups.

5G offers businesses a powerful new toolset to maximize productivity, operational efficiency, revenue and customer satisfaction, said Michael O’Brien, Chief Product Officer, iconectiv. Businesses want these benefits today, while the global economy is roaring again in a year or 18 months from now. By bringing an industry standard naming convention, location, and network functions into the 5GOILabs ecosystem, we are helping them gain a major competitive advantage over slower rivals by simplifying interconnection through a standardized way to identify network equipment, locations and functions. .

Through its products and leadership in industry standards organizations, iconectiv has a global reputation for helping service providers and their business customers establish secure, reliable and trustworthy communications, said Jim Brisimitzis, general partner of the 5G Open Innovation Lab. This unparalleled experience will be invaluable to the rapidly growing 5GOILab ecosystem as we rush innovative 5G solutions for smart agriculture, smart transportation, manufacturing, logistics and more.

iconectiv brings decades of experience in keeping networks, devices and applications connected for over 2 billion people every day. Network interconnection is critical when implementing 5G services and can be simplified when a common name is used to identify all network services, functions and locations; a common view is available across the entire network and there is a common way to activate and monitor services. This ensures that the network operates as efficiently as possible, provides all internal teams with real-time access to critical data, and enables services to be deployed faster, ultimately reducing time-to-market for innovative new investments and profitable.

For more information on iconectiv, visit www.iconectiv.com. To learn more about the Lab and its ecosystem of companies, visit www.5GOILab.com.

Information on the 5G Open Innovation Lab

The 5G Open Innovation Lab (5GOILab) is a global applied innovation ecosystem for companies, universities and government institutions working together with early and late stage start-ups to fuel the development of new capabilities and market categories that will transform the enterprise . We give startups at all stages unprecedented access to the open platforms and markets needed to create, test and deploy new use cases and innovations for 5G and 5G enabled technologies, including artificial intelligence and edge computing. We deliver actionable knowledge and market insights that help our partners and associate companies deliver value to customers and increase their revenue and leadership positions. Ultimately, the Lab is a global catalyst committed to transforming enterprises using intelligent software-defined platforms. To learn more about the Lab and its ecosystem of companies, visit https://www.5GOILab.com/ or follow us on Twitter at @ 5GOILab.

About iconectiv

Your company and your customers need to access and exchange information in a simple, transparent and secure way. Iconectivs’ vast experience in information services and its unmatched numbering intelligence help you do just that. In fact, every day, more than 2 billion people rely on our platforms to keep their networks, devices and applications connected. Our cloud-based Software as a Service (SaaS) solutions embrace network and operations management, numbering, trusted communications and fraud prevention. For more information, visit www.iconectiv.com. Follow us on Twitter and LinkedIn.

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