Amdocs Joins the 5G Open Innovation Lab Looking to Monetize its 5G Investments

The outside of an Amdocs building.

Amdocs is bringing its own inquisitive nature and innovative methods by joining the likes of T-Mobile, NASA, and Intel as a part of the 5G Open Innovation Lab. The goal of the Israeli company hailing out of Missouri is to find ways to monetize the investments it continues to make in its 5G efforts. Amdocs provides a variety of software and other solutions that are aiming at helping 5G networks grow.

The goal of the lab is to inspire collaboration and a place of connection for different companies working within the realm of 5G to offer solutions and testing like never before. Companies have been coming together in pursuit of the same goal as Amdocs, to find ways to monetize and develop other functions to further monetize their 5G solutions and components. Amdocs is looking to generate revenue because it has already sunk significant investments in its 5G efforts, but these sentiments are felt throughout the industry. “You can’t keep investing with no return so we’re very, very focused on all of the interesting monetization opportunities and how you make this happen,” said Group President of Media, Network and Technology, Anthony Goonetilleke. Wireless carriers, though not purely on 5G, invested more than $29 billion in wireless in 2019 alone.

As 5G breakthroughs continue and 5G networks expand, more and more investment will be taken from previous wireless generations and focused on delivering faster speeds and improved functionality throughout 5G networks. Keeping these costs minimized and in focus will help companies plot their future and things such as the 5G Open Innovation Lab can help companies lower their costs all while making advancements.

There are a variety of innovative collaborations already forming as well as innovative monetization ideas forming. The 5G Open Innovation Lab is the perfect breeding ground for such and should see Amdocs take the next logical steps in the 5G arena. The key for both Amdocs and the future of 5G networks as a whole is finding ways to connect ideas to create deliverable products and services. “We have a lot of the foundational components that make all of the 5G ecosystem work, so we’re really looking at how these creative edgy companies will come over the top and start to build and connect these ecosystems together,” said Goonetilleke.

A promising development for Amdocs is the progress it is making using its SmartRAN optimization tool with Intel’s FlexRAN software reference architecture. Together, they are able to shorten the time it is taking companies to complete another essential 5G function, virtualized RAN solutions. Virtualization continues to establish itself as a critical step to making 5G networks work the way they are intended to and Amdocs is finding itself in the midst of making this a reality.

Source: Fierce Wireless