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Nokia (NOK), Google Cloud Team Up to Accelerate AI Development

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Nokia Corporation (NOK - Free Report) recently unveiled AVA Data suite on Google Cloud, the cloud platform of Alphabet Inc. (GOOGL - Free Report) , to augment the development of software solutions with advanced AI-ML capabilities. The AVA Data suite is a comprehensive collection of readily available and proven data products. Its integration with Google Cloud enriches communication service providers (CSPs) with a standard library of high-quality reusable networks and IT data packages across 4G, 5G domains. By fully harnessing the potential of AI, it brings CSPs closer to achieving zero-touch automation, optimizing the development and management of their network services.

The AVA Data suite capitalizes on Nokia’s AVA Open Analytics that offers streamlined ML operations, a data mesh approach, cloud-driven architecture and zero trust security policies. Unlike the traditional approach of legacy big data systems, which incorporate raw data from multiple data sources into a large data warehouse or data lake, data mesh chooses a different route.

It virtually combines data from dispersed sources per specific business domains such as sales, marketing, customer service and more. This implies a shift from a centralized data platform to a multiple decentralized data storage system. It accelerates information extraction from multi-vendor multi-domain data hubs and significantly improves agility in business processes.

Google’s Vertex AI provides the vital infrastructure for designing and training AI/ML models. Nokia’s AVA Data suite feeds data into Vertex AI, which develops ML models per specific use cases. Additionally, Google Cloud’s BigQuery offers a scalable and serverless architecture that acts as both data source and storage for the AVA Data suite.

The standardized, pre-correlated data products and packages streamline the time-consuming data preparation process. This immensely improves the productivity of data scientists and allows them to dedicate more of their efforts to developing AI-ML applications.

Backed by all these state-of-the-art features, Nokia AVA Data suite empowers CSPs and data scientists to expedite AI use case deployment to improve network performance, enhance end-user experience and unlock new monetization opportunities.

Nokia is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with the software and services to manage them. Leveraging state-of-the-art technology, it is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and Internet of Things.

Given the strength of its end-to-end portfolio, Nokia is well-positioned for the ongoing technology cycle. The company’s deal win rate is encouraging, with notable successes in key 5G markets. Its installed base of high-capacity AirScale products, which enable customers to quickly upgrade to 5G, is growing rapidly.

The stock has declined 15.9% in the past year compared with the industry’s fall of 11.7%.

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Nokia currently has a Zacks Rank #3 (Hold).

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