Telenor Drives AI-First Digital Transformation With Google Cloud
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Telenor ASA TELNY recently expanded its partnership with Google Cloud to build a unified data and analytics platform that will not only support Telenor's operations but also its long-term growth and innovation goals. Its AI-First strategy focuses on harnessing the power of data and artificial intelligence (AI) to drive business outcomes and enhance its services.
With Google Cloud, Telenor aims to develop a cloud-native data platform capable of supporting hyper-personalized customer experiences, operational efficiency and improving network performance. Google Cloud’s portfolio of products — including BigQuery, Vertex AI, and Looker — remains at the core of this transformation. These tools will be integrated into a harmonized, cloud-native platform, Nova, which will serve as Telenor’s next-generation data and analytics orchestration engine.
Google Cloud also provides Telenor with a set of real-time data tools — including Dataflow, Cloud Data Fusion, Pub/Sub, Dataform and Dataplex — that allow the company to monitor hundreds or terabytes of data from its operations and networks, identify patterns or anomalies and develop AI-driven products and services.
The ability to gain real-time insights into data enables Telenor to quickly respond to customer needs. Through this collaboration, the firm is transforming its data infrastructure, enhancing its ability to deliver innovative services and driving operational efficiency across the Nordics.
TELNY’s Commitment to Innovation-Driven Strategy
Strategic investments remain at the forefront for Telenor as it accelerates digital transformation. To boost its state-of-the-art cybersecurity entity (Telenor Cyberdefence), it acquired the Norwegian branch of the Sweden-based Combitech AB — Combitech AS. Combitech AS’s robust security infrastructure and expert professionals support Telenor Cyberdefense’s vision.
The company has also solidified its partnership with Amazon Web Services (AWS) to power its sovereign cloud posture with the help of its advanced Skygard center and AWS’ sovereign-by-design solution. It plans to invest roughly 100 million NOK for this initiative. Earlier in the year, Telenor teamed up with NVIDIA to drive AI-powered innovation within a broad spectrum of startups, enterprises and government entities spanning across the Nordic region. The initiative is likely to cushion its AI-First ambition.
Continued advancements in technology and cybersecurity projects have enabled TELNY to exit the first half of 2024 with strong financial results across key markets in the Nordics and Asia. In the second quarter, it achieved service revenues of NOK 16.3 billion ($1.51 billion) compared with the year-ago quarter’s NOK 15.83 billion. The 4.5% organic increase was driven by the healthy growth in Telenor Nordics (4%) and Telenor Asia (6%). For 2024, management anticipates low-to-mid single-digit organic growth in Nordic service revenues.
Telenor is a leading telecommunications company in Norway, operating in one of the most advanced telecommunications markets in the world. It provides mobile communication services globally.
