Revolutionizing Telecom: Insights from Nvidia and Verizon Executives on AI’s Impact on Business

N-Ninja
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MWC 2024 trade show in​ Las Vegas
Telecommunications companies are transforming some of their ​data centers into “AI factories.”

  • The buzz around​ AI ‍integration in ‌business is palpable.
  • Major telecommunications firms are heavily investing⁤ in AI technologies.
  • Industry leaders⁣ shared‍ insights on AI applications at the Mobile World Congress Las Vegas ⁣this week.

The telecommunications‌ sector is among the frontrunners embracing artificial intelligence (AI) to enhance operations and customer experiences.

During a keynote session at ⁢the Mobile World Congress⁢ Las Vegas, executives⁣ from⁤ Nvidia and Verizon elaborated ​on how their industry is harnessing AI’s capabilities. They expressed optimism about⁣ its transformative potential.

“This is an unprecedented time for innovation within ⁢telecommunications,” stated Ronnie Vasishta,​ Senior Vice President of Telecom at ⁣Nvidia. “AI⁣ will not only ⁤transform our industry​ but also redefine what we‌ understand as‌ artificial ‍intelligence.”

Vasishta highlighted several key areas⁤ where AI can be ⁢applied within telecom companies, such as improving​ customer service,‍ managing network‍ operations, and developing ⁢digital assistants to⁤ streamline ⁤processes.

A number of telecom providers are seizing the⁤ opportunity⁣ presented by ⁣AI by converting their data centers ‍into “AI factories,” which serve as robust‍ computing environments for ⁤training advanced models. ‍For instance, Verizon’s⁣ facility processes over 70‌ billion data points daily from more than 30,000 diverse⁤ sources, according to ‍Shankar ⁤Arumugavelu, Executive⁢ Vice ‍President ⁤and ⁤President of Verizon Global Services.

“The unique advantage that telecoms have lies‍ in our vast amounts of data and⁣ the critical role networks⁣ play,” Vasishta noted ⁤regarding generative AI capabilities available to ‌them.

Verizon employs AI technology to enhance various aspects including network planning and construction ⁢while delivering tailored experiences for customers and employees alike. ⁣Arumugavelu explained that ​they ⁢utilize computer vision powered ⁢by ‍AI for geospatial analysis related to cell site planning.

“By determining optimal locations for network densification efficiently through these technologies, ⁢we also⁣ achieve​ energy savings while enabling predictive maintenance,” he added.

The company is also‌ developing a fully automated digital twin supply chain model that aids in inventory management. Furthermore, ‌they leverage predictive‍ analytics for workforce optimization based ⁣on anticipated market demands across distribution channels—including stores and call centers—allowing them to allocate technicians effectively when‌ needed in the field.

A prominent consumer-facing application of this technology‌ involves digital customer service agents. “With integrated AI systems throughout each interaction stage before a customer reaches out​ directly,” Arumugavelu explained, “we can anticipate their needs accurately and suggest appropriate actions or offers.” If advanced support becomes necessary during a call, an​ intelligent⁣ agent pairing system⁢ analyzes⁢ over​ 300 data points per interaction to connect customers with​ representatives best suited to assist them effectively.

According to Arumugavelu’s insights into operational metrics: “Currently, around​ 28,000⁤ representatives at Verizon⁣ utilize these ⁤tools; ⁢we’ve observed an ‍increase in ⁢answerability rates up to 95% alongside accuracy rates hitting 96%.”

“The ⁣uncertainty surrounding whether‌ or not AI benefits⁢ our telecom ‍sector has​ been resolved; now it’s about how ⁢we can maximize‍ its potential,” concluded Vasishta from Nvidia.

Explore more details on Business Insider

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