Verizon (VZ), Visionable Tie Up to Boost Healthcare With 5G
Verizon Communications Inc. VZ and Visionable have collaborated to accelerate the evolution of healthcare using Verizon’s private 5G and AI-driven secure networking. According to the terms of the collaboration, the technology-led center to be built will showcase the benefits of next-generation connectivity and collaboration with various healthcare environments. The center will bring together professionals in a hub to see and stimulate technology concepts to enable the creation of future innovative solutions. The center will also aid healthcare professionals in accessing data, collaborating and sharing resources.
The focus of the partnership will be on the opportunities being generated in the APAC and EMEA regions. The technologies being used will have the capability to empower professionals, share intelligence and improve the quality of care they provide within a safe, secure and compliant environment. As the future of healthcare moves from face-to-face care to digital care, there will be a need for a secure, next-generation platform with swift and reliable connectivity.
This is where Verizon’s 5G network connectivity will come into the picture and enable a seamless transition to the digital care. 5G will act as breakthrough, which will transform every aspect of the fully networked economy. This network will enable higher speed of data transferring, reduce lag time and help in swiftly connecting multiple devices at the same time.
With one of the most efficient wireless networks in the United States, Verizon continues to deploy the latest 4G LTE Advanced technologies to deliver faster peak data speeds and capacity for customers, driven by customer-focused planning, disciplined engineering and constant strategic investment. Verizon has been aggressively forging ahead to expand its fiber optics networks to support 4G LTE and 5G wireless standards as well as wireline connections. The company remains focused on making necessary capital expenditures due to continued expansion of 5G mmWave in new and existing markets, the densification of the 4G LTE wireless network to cater to huge traffic demands across multiple verticals and the continued deployment of the fiber infrastructure.
Verizon’s 5G mobility service offers an unmatched experience that impacts industries as diverse as public safety, health care, retail and sports. The company’s 5G network hinges on three fundamental drivers to deliver the full potential of next-generation wireless technology. These are massive spectrum holdings, particularly in the millimeter-wave bands for faster data transfer, end-to-end deep fiber resources and the ability to deploy a large number of small cells.
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VZ has lost 18.2% over the past year compared with the industry’s decline of 25.2%.
We remain impressed with the inherent growth potential of the Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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