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Ericsson Launches World’s First Digital Monetization Platform at Innovate Asia

Ericsson Launches World's First Digital Monetization Platform at Innovate Asia

BANGKOK, Thailand, November 6, 2024 – Ericsson is exhibiting its advanced AI and 5G technologies at Innovate Asia 2024 which is a step forward in telecommunication infrastructure and digital transformation. The three-day event at Centara Grand Hotel will also showcase the various strategic alliances, partnerships, and technological innovations within the Asian markets by Ericsson.

In a major development, Ericsson along with Indosat Ooredoo Hutchison (IOH) has announced the successful deployment of the World’s First Full-Stack Digital Monetization Platform with more than 100 million users.

“The synergy of high-performance and programmable networks, combined with network APIs and a vibrant ecosystem of developers, will create a powerful network effect of growth and innovation for the telecom sector. And this represents a big opportunity also here in Thailand with its thriving startup ecosystem,” stated Andres Vicente, Head of Southeast Asia, Oceania, and India at Ericsson.

The company has additionally signed strategic MoUs with IOH and Grameenphone under the scope of generative AI and network automation. The focus of the partnerships is enhancing digital transformation within Southeast Asia and Bangladesh, with particular emphasis on 5G Standalone capabilities and AI-powered operations.

The event highlights Ericsson’s goal to push the boundaries in advancing 5G technology, with demonstrations of Fixed Wireless Access, network slicing, and cloud gaming solutions. The company’s leadership in 5G infrastructure, recognized by the Frost Radar™ report, further positions the company in spearheading development in the telecommunication sector.

Ericsson is also reinforcing its foothold in the Asian market through these measures focusing on 5G evolution, AI integration, and digital monetization strategies ​​that promise to reshape the future of telecommunications.

Source: https://www.ericsson.com/en/press-releases/2/2024/11/ericsson-showcases-5g-leadership-and-advanced-solutions-at-innovate-asia-2024

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Savio Jacob
Savio is a key contributor to Times OF AI, shaping content marketing strategies and delivering cutting-edge business technology insights. With a focus on AI, cybersecurity, machine learning, and emerging technologies, he provides business leaders with the latest news and expert opinions. Leveraging his extensive expertise in researching emerging tech, Savio is committed to offering unbiased and insightful content. His work helps businesses understand their IT needs and how technology can support them in achieving their goals. Savio's dedication ensures timely and relevant updates for the tech community.
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