Verizon Communications Inc – Digital Transformation Strategies

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Verizon has been focusing on AI-based approach as a part of its digital transformation strategies. The annual ICT spending of Verizon was estimated at $8.8 billion in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Verizon Communications Inc (Verizon) provides communications, information, and entertainment products and services. The company offers voice, data, and video services and solutions through its wireless and wireline networks, it provides value-added services such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services, and local and long-distance voice services.

The Verizon Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.

Digital Transformation Strategies

Verizon uses AI-powered integrated supply chain planning platform called OnePlatform in its consumer mobile phones business segment. OnePlatform uses predictive analytics, end-to-end automation, and advanced statistical models for calculating inventory targets and optimizing inventory levels. The platform helps Verizon lower supply chain disruptions and ensure just-in-time delivery of mobile phones to retail outlets across the US. The platform thus helps Verizon improve customer experience and lower operational overhead.

To gain more insights on digital transformation strategies and initiatives of Verizon, download a free report sample

Verizon Technology Theme Focus

Verizon is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, cloud computing and IoT to improve operational efficiency, and enhance service capabilities.

Verizon Communications Inc Technology Focus

Verizon Communications Inc Technology Focus

To know about other technology themes under focus for the company, download a free report sample

Verizon Technology Initiatives

Verizon has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years.

For instance, Verizon Media partnered with Microsoft to develop a global platform that helps search marketers create search advertising campaigns which can reach audiences across the AOL, Yahoo, and Bing networks. Further, marketers will be able to use the Microsoft Graph and Microsoft’s AI expertise to target audience with the right message across any device.

For more insights on other technology initiatives of Verizon, download a free report sample

Verizon ICT Spend by Function

  • Communications
  • Data center
  • Network
  • Application
  • End-user computing
  • Service desk
  • Management

Verizon Communications Inc ICT Spend by Function, 2022

Verizon Communications Inc ICT Spend by Function, 2022

For more insights on ICT spending by function, download a free report sample

Verizon ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

Verizon Communication Inc ICT Spend by Channel, 2022

Verizon Communication Inc ICT Spend by Channel, 2022

For more insights on ICT spending by channel, download a free report sample

Verizon External ICT Spend by Segment

  • ICT services
  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • Network and communications
  • Consulting
  • Others

Verizon Communications Inc External ICT Spend by Segment, 2022

Verizon Communications Inc External ICT Spend by Segment, 2022For more insights on external ICT spending by segment, download a free report sample

Verizon Digital Transformation Strategies Overview

Total ICT Spending 2022 $8.8 billion
ICT Spend by Function Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS and PaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
Technology Theme Focus Artificial Intelligence, Big Data, Blockchain, Cloud Computing and IoT

This report provides:

  • Insight into Verizon’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering partnerships, investments, and acquisitions.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into Verizon’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various partnerships, investments, and acquisitions.

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Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerators, Incubators, and Other Innovation Programs

Technology Focus

Technology Initiatives

Venture Arm

Investments

Acquisitions

Partnership, Investment, and Acquisition Network Map

ICT Budget and Contracts

Key Executives

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