|Bid||19.93 x 1800|
|Ask||19.95 x 27000|
|Day's Range||19.59 - 19.97|
|52 Week Range||13.00 - 19.97|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||19.37|
|Forward Dividend & Yield||1.08 (5.56%)|
|Ex-Dividend Date||Dec 17, 2020|
|1y Target Est||25.63|
Vodafone and Google plan to develop a system called "Dynamo" that will be able to extract and transport data across different countries. What Happened: Vodafone Group PLC (NASDAQ: VOD) and the cloud division at Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google are planning to develop data services jointly, the Financial Times reports. According to FT, about 1,000 workers in Britain, Spain and the U.S. will be asked by both companies to create "Nucleus," a new cloud-based storage and analytics portal that will host Vodafone's data. Nucleus will be able to process around 50 terabytes of data a day within the cloud. Vodafone and Google will also develop a system called "Dynamo" to extract and transport data across different countries where the company operates. The two companies are also looking to selling consultancy services to other multinational businesses that want to move data to the cloud in the future. Why It Matters: Vodafone's "Gigabit Networks" are increasingly optimized by AI to push capacity to where customers need it most; and real-time analytics enable Vodafone to move personalized commercial offers to times when customers are buying more data — when they are most likely to take up offers. Photo Credit: Public domain image via Wikimedia. See more from BenzingaClick here for options trades from Benzinga9 Takeaways From Berkshire Hathaway's Annual Shareholder MeetingBerkshire Hathaway's Charlie Munger Says Bitcoin Is 'Disgusting And Contrary To Interests Of Civilization'© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
About 1,000 workers in Britain, Spain and the United States will be to asked by both companies to create "Nucleus", a new cloud-based storage and analytics portal which will host Vodafone's data. Nucleus will be capable of processing around 50 terabytes of data a day within the cloud, Vodafone said in a statement. "Both companies will drive the use of reliable and secure data analytics, insights, and learnings to support the introduction of new digital products and services for Vodafone customers simultaneously worldwide," the statement added.
Vodafone is teaming up with Google’s cloud division to jointly develop data services they can eventually sell to other companies, in the latest sign of convergence between the telecoms and technology sectors. Around 1,000 workers in the UK, Spain and the US will be seconded by the two companies to create a new cloud-based storage and analytics portal that will host the telecoms company’s data. As part of the six year agreement, Vodafone and Google will also develop a system that can extract and transport data across different countries where the telecoms company operates.