This blog is by Chandler Kim from the Networks business of Nokia.
The Nokia Open Innovation Challenge is an opportunity to collaborate with us on game-changing innovation. We’re looking for ideas, technologies or business models addressing two of the most disruptive opportunities for service providers today: Big Colossal data analytics and Telco Cloud.
The challenge provides an opportunity for you to work with the best to transform your ideas into real solutions and real solutions into business. All contributions will be evaluated by key decision makers from Nokia, operators, venture capitalists, and academia to be considered for partnering, funding, further coaching or joint solution development.
This is the easiest channel to access some of the principal movers and shakers poised to shape the future of the telecom industry.
Deadline for submissions has been extended to May 19, 2014.
The Olympic Motto is “Citius – Altius – Fortius” which is Latin for “Faster – Higher – Stronger.” Sometimes we like to add “Minor” (Latin for “Smaller”) to the motto, as it essentially characterizes a lot of the innovation that occurs in the wireless industry. It also summarizes several of the key requirements that many wireless service providers often communicate in their quest for a better way of doing things. They understand that yesterday’s expectations and timelines for the deployment and introduction of new services must be improved… dramatically.
All around the technology industry, speed is king. In this industry, we don’t multi-task ─ we multi-multi task. We don’t just shift paradigms ─ we break them. One of the things the technology industry does best is innovate and iterate to solve big problems in new ways… fast. This kind of speedy, iterative innovation is highly coveted by wireless service providers. They are actively seeking new ideas, technologies, business models, and unexpected combinations that can help address their key challenges and transform aspects of their businesses.
While creating the innovation is certainly hard enough, bringing an innovation to market on a global scale also presents its own set of challenges. Partnering accelerates customer access to innovations and benefits all parties. At Nokia, we know this and have made partnering a vital part of our overall strategy.
We look to partnerships to be an engine for profitable growth as well as a way to create significant and sustainable value for our customers, partners, and Nokia. We continuously seek partnering opportunities to create strategic differentiation that will help us serve our customers better and win more. We have a corporate-wide, global outlook to help us identify the most promising ideas, technologies, and companies of all sizes to work with us and tackle challenges head-on. By engaging interactively, flexibly, and cooperatively with our partners, we guide and speed new opportunities through the company and work to create “durable value” for all.
Joining forces to “get there from here”
Telco Cloud and Colossal Data Analytics are similar from the perspective that both are complex, and both contain many opportunities for innovation and partnering. Telco Cloud and Colossal Data projects will require exceptional levels of coordination and cooperation from a variety of entities to be implemented effectively at carrier-scale. Many mobile broadband service providers are interested to expand their understanding of these technologies, develop new business models, determine how the technologies can be best leveraged, and plan the optimal way they can “get there from here.” These conditions make the prospect for high-value partnering definitely favorable.
Although a lot has been accomplished already, there are still major challenges and major opportunities. Effective partnering can greatly speed, streamline, and simplify the acquisition, implementation, and deployment of Telco Cloud and Colossal Data Analytics. Partnering should not only address the aspects of the innovation itself but also include areas such as support, proof of concept/trials, interoperability testing, contractual considerations, and systems integration (to name a few). At Nokia, we leverage our deep knowledge and history with service providers to work closely and cooperatively with our partners to put the best and most promising innovations within reach for our customers.
The Silicon Valley Open Innovation Challenge is one way Nokia is reaching out to the industry to quickly identify the most promising innovations, technologies, and ideas as well as creative ways we can work together. The challenges of the wireless industry are great, but so are your ideas. We hope that you’ll participate. Click here to submit your ideas and join us.
To share your thoughts on the topic, join the discussion with @NSNtweets on Twitter using #NokiaNext #NSNChallenge #MBBFuture #TechVision2020 #Bigdata #TelcoCloud #FutureWorks #Innovation #mobilebroadband.