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

Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation18.4.2024 22:30:41 CEST | Press release

VICTOR, N.Y., April 18, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiaries, Greenstar Canada Investment Limited Partnership (“Greenstar”) and CBG Holdings LLC (“CBG”), have converted (the "Conversion”) their common shares (“Common Shares”) of Canopy Growth Corporation (“Canopy”) into non-voting and non-participating exchangeable shares of Canopy (“Exchangeable Shares”). The amendment to Canopy’s share capital and the creation of the Exchangeable Shares were authorized by Canopy shareholders at a special meeting held on April 12, 2024 (the “Amendment”). Greenstar and Canopy also agreed to exchange (the “Note Exchange” and together with the Conversion, the “Transactions”) C$81.2 million of the principal amount of the C$100 million promissory note due December 2024 issued by Canopy (the “Note”) for Exchangeable Shares pursuant to an exchange agreement between Greenstar and Canopy

Nokia Corporation: Repurchase of own shares on 18.04.202418.4.2024 21:30:00 CEST | Press release

Nokia Corporation Stock Exchange Release 18 April 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 18.04.2024 Espoo, Finland – On 18 April 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL537,7073.18CEUX--BATE--AQEU--TQEX--Total537,7073.18 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million. Total cost of

Chris Hackney joins Meltwater as Chief Product Officer18.4.2024 19:13:51 CEST | Press release

SAN FRANCISCO, April 18, 2024 (GLOBE NEWSWIRE) -- Meltwater, a leading global provider of social, media and consumer intelligence, today announces the appointment of Chris Hackney as Chief Product Officer. In this pivotal role, Chris will lead Meltwater’s product organization and spearhead the strategic direction, expansion, and operation of the company’s product portfolio, with the needs of Meltwater’s customers at the heart of this strategy. Hackney joins Meltwater with over 25 years in technology and a proven track record of driving innovation and growth for B2B SaaS companies, developing and executing product strategies and managing cross-functional teams. Throughout his career, Hackney has built and exited several pioneering companies at the leading edge of emerging fields; the first of which was Virtue, an early pioneer in social SaaS, which was acquired by Oracle. His time leading Oracle’s Customer Success organization was followed by subsequent executive positions at Trendkite,

Regulatoriskt pressmeddelande 2024–04–1818.4.2024 19:09:17 CEST | Press release

Den 18:e april 2024 hölls årsstämma i Virtune AB (publ) och nedan följer en sammanfattning av de beslut som fattades: Stämman beslutade att fastställa den i årsredovisningen intagna resultaträkningen och balansräkningen avseende räkenskapsåret 1 januari - 31 december 2023.Stämman beslutade att disponera resultatet i enlighet med styrelsens i förvaltningsberättelsen intagna förslag.Styrelseledamöterna och VD beviljades ansvarsfrihet avseende räkenskapsåret 1 januari - 31 december 2023.Beslutades, i enlighet med styrelsens förslag, om att inget arvode ska utgå till styrelseledamöterna.Beslutades, i enlighet med styrelsens förslag, att konsultarvode får utgå till styrelsen för ej sedvanligt styrelsearbete, vilket även ska redovisas för vid nästa stämma.Beslutades att arvode ska utgå till revisor enligt godkänd räkning.Beslutades om omval av styrelseledamoten Christopher Kock och nyval av Erik Fischbeck, Laurent Kssis & Fredrik Djavidi. Erik Fischbeck valdes till ordförande.Beslutades att

Annual General Meeting 2024: Tecan shareholders endorse all motions proposed by the Board of Directors18.4.2024 17:46:00 CEST | Press release

Annual General Meeting 2024: Tecan shareholders endorse all motions proposed by the Board of Directors Increase in the dividend from CHF 2.90 to CHF 3.00 per share Monica Manotas elected as additional independent member of the Board of DirectorsLukas Braunschweiler, Myra Eskes, Oliver Fetzer, Matthias Gillner, Karen Huebscher, Christa Kreuzburg and Daniel R. Marshak re-elected as members of the Board of DirectorsLukas Braunschweiler confirmed by shareholders as Chair of the BoardMyra Eskes, Oliver Fetzer, Christa Kreuzburg and Daniel R. Marshak confirmed as members of the Compensation CommitteeVarious amendments to the Articles of Incorporation approvedAll proposals relating to compensation approvedApproval of the Report on Non-Financial Matters 2023 (Sustainability Report) Männedorf, Switzerland, April 18, 2024 – The Annual General Meeting of the Tecan Group (SIX Swiss Exchange: TECN) endorsed all motions proposed by the Board of Directors. Shareholders approved the Annual Report, the

HiddenA line styled icon from Orion Icon Library.Eye