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Verizon Forms Robotics Business Technology Business Unit

Verizon Logo

Organization: Verizon
Country: USA
Website: www.verizon.com
Year Founded: 2000
Number of Employees: 500+
Innovation Class: Business & Management Innovation
Innovation Subclass: Leadership

Other companies can launch dedicated robotics or 5G focused business units (or both), but Verizon is not another company.

Description:
RBRlogoIn August 2021, Verizon’s New Business Incubation group announced the formation of a new business unit – Robotics Business Technology (RBT). According to Verizon officials, the new group combines Verizon’s Skyward, its drone management subsidiary, and incubed IT, a developer of software for autonomous mobile robots, which is also owned by Verizon. An additional engineering team that focused on robot control using 5G Ultra-Wideband rounded out the group.

Analysis:
It is important that the RTG is focused on 5G communication / edge computing, specifically the development of software for unmanned aerial vehicles (drones) and mobile robots. Compared with earlier generations of mobile network technology, 5G provides for greater levels of raw speed and security, as well as lower latency and higher capacity. As such, 5G (coupled with edge computing) provides for capabilities that were largely impossible prior to the advent of 5G such as mixed vehicle communications between fleets of drones or mobile robots, and offloading compute to cloud based services. The real significance of the RBT unit’s formation, however, is not just the group’s intentions and objectives, but the ability to deliver on those aims and meet its goals. Other companies can launch dedicated robotics or 5G focused business units (or both), but Verizon is not another company. Verizon is a massive multinational with massive resources at its disposable, and equally massive 5G and edge computing expertise, that combined can contribute significantly in ways that will drive the global robotics sector forward. – Dan Kara Verizon Robotics Business Technology Unit
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