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
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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
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
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
For 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
Frequently asked questions
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What was the total ICT spending of Verizon in 2022?
The annual ICT spending of Verizon was estimated at $8.8 billion in 2022.
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What are the key ICT spending categories by function for Verizon?
The key ICT spending categories by function for Verizon are communications, data center, network, application, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for Verizon?
The key ICT spending categories by channel for Verizon are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
-
What are the key external ICT spending categories by segment for Verizon?
The key external ICT spending categories by segment for Verizon are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for Verizon?
The key technological theme in focus for Verizon are artificial intelligence, big data, blockchain, cloud computing and IoT.
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