GlobeNewswire by notified

Nokia study finds operators can avoid 65% of operational costs with IP network automation

Share

Press Release

Nokia study finds operators can avoid 65% of operational costs with IP network automation

  • Nokia collaborated with analyst research firm Analysys Mason to quantify the benefits from network automation at the domain controller layer for operators providing IP services
  • Analysys Mason collected over 60 data points from operators worldwide on their achieved or expected benefits from their network automation journeys
  • The study focused on the operator’s service fulfilment, network lifecycle management, and network and service assurance processes implemented on a network automation platform, such as the Nokia Network Services Platform (NSP)

5 October 2021

Espoo, FinlandNokia, in collaboration with research firm Analysys Mason, today revealed operators can expect up to a 65% cost avoidance after implementing IP network automation across threeoperations categories.This is one of several key findings from Nokia’s commissioned study.

Network automation is a key driver for improved network services agility, greater operational efficiency and increased network availability. To quantify the benefits from network automation at the domain controller layer, Analysys Mason interviewed a group of global operators on their network automation strategies and results, collecting more than 60 data points.

Analysys Mason then extrapolated the quantified benefits that can be expected from automating IP networks. This study focused on network automation implemented for the operator’s service fulfilment, network lifecycle management, and network and service assurance processes with the Nokia NSP. NSP is the domain controller for multivendor IP, optical and microwave networks, enabling operators to automate a plethora of network management processes. According to Analysys Mason, Nokia’s market share ranks as one of the leading vendors in the network automation and orchestration space.

Analysys Mason found cost avoidance at the domain controller is the result of multiple factors:

  • Process automation reduces the labor time requirement for manual workloads by up to 68%.
  • Consequently, the time needed to roll out new services is reduced by up to 88%.
  • Less manual tasks also means less human errors and higher predictability. The use of a standardized scenarios reduces the frequency of order fallout and issues that require manual correction. Overall, the time spent to process errors is reduced by up to 85%.
  • Automating alarm correlation and root cause analysis offers a significant improvement to the mean time to repair (MTTR) – up to 71%.

Larry Goldman, Chief Analyst and Project Director, Analysys Mason, said: “Our study shows clear benefits at the domain layer, and we highly recommend operators automate network management processes for their IP services. Network automation will be critical to enable future network slicing-based business models. Operators should also look for a network automation platform such as the Nokia NSP to reap the benefits of automation and ensure the efficient and automated management and control of network slice-based services.”

Mike Thompson, Head of IP Network Automation at Nokia, said: "While we have seen significant network automation gains for service delivery, the greatest savings are achieved by automating network lifecycle management. There are still many manual tasks in the areas of network and service migrations, device provisioning, and upgrades that can benefit significantly from network automation. Automation not only improves operator productivity but significantly reduces outages caused during maintenance windows. Network and service assurance automation enables operators to identify root cause, automate restoration, and fix network issues significantly faster.”

Nokia and Analysys Mason will participate in a webinar on October 20 entitled, “Quantifying and collecting the benefits of IP network automation,” to discuss the study and resulting benefits.

Resources

About Nokia
At Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Media Inquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com


To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye