Nokia targets ‘broader potential of metaverse’ in 2030 strategy
Nokia’s Technology Strategy 2030 report revealed the company’s plans to invest heavily in its network equipment and services portfolio over the coming years.
Telecoms infrastructure firm Nokia anticipates a spike in network demand owing to upcoming advances in metaverse, Web3 and artificial intelligence (AI), and plans to fill this gap by 2030.
Nokia’s Technology Strategy 2030 report focuses on building a future network architecture to serve the emerging innovations market. Nokia anticipates a 22% to 25% increase in network demand from 2022 through 2030. Federico Guillén, the president of network infrastructure at Nokia, attributed the rise to the recent mainstream introduction of generative AI and virtual reality devices.
The company’s strategy involves investing heavily in its portfolio of network equipment and services over the coming years. Internet of Value is one of the six ecosystems Nokia will cater to, focusing on decentralization, blockchain and smart contracts. Nokia’s focus on metaverse will be on human augmentation, spatial computing and split processing.
...