Leaked Nokia phone memo tells no path forward for ‘struggling’ digital health business

collected by :Roy Mark

Nokia has reported a series of initiatives designed to position itself strongly as a supplier of digital town products and solutions. Assuming this is a strategic bit of positioning in advance of MWC following week, Nokia's digital cities push comes intriguingly recently after it threw in the towel on digital health purchas announcing a strategic show of its efforts in which area. Here are the digital town initiatives reported today:IoT for Intelligent Cities is a modular platform designed to help operators and systems integrators to do unified Intelligent town management and to launch new services in this area. "Cities want to become digital in order to efficiently deliver services to their habitants," told Asad Rizvi, head of universal Services business growth at Nokia. seems likely to be 1 of the principal new opportunities of the 5G era, along with autonomous vehicles and, yes, digital health.

Leaked Nokia phone memo tells no path forward for 'struggling' digital health business

Nokia's health tech business is in trouble — further than the firm going to publicly admit. "Currently, we don't see a path for [the digital health business] to become a meaningful fraction of a firm as big as Nokia."The memo doesn't tell definitively which Nokia phone is shutting drop its digital health business, however it is unquestionably preparing the ground. Nokia premier jumped into the digital health industry in 2016 with its $190 mn purchase of French startup Withings. After the purchase, Nokia phone adopted and rebranded a choice of Withing's products, involving the Steel and Steel HR smartwatches. Nokia continue maintains a thriving telecoms and patent business worth roughly €23 bn a year.

Nokia starts show of digital health business, cuts jobs in Finland

As it stated in HELSINKI (Reuters) - Finnish network gear producer Nokia phone has started a strategic show of its digital health business and reported further than 400 job cuts in its house country. Digital health, fraction of Nokia phone Technologies unit, is 1 of the areas where the firm had been looking for development opportunities amid a tough market for its mainstay telecom network gear business. The Finnish firm told its ‍patent business, brand partnerships and tech licensing units aren't in the scope of the review​. In 2016 Nokia phone purchased France's Withings, that makes activity trackers and thermometers, for 170 mn euros ($212.3 million)as an premier move in the health market. But the firm wrote drop 141 mn euros of goodwill on the business in the 3rd quarter of 2017.

Nokia starts show of digital health business, cuts jobs in Finland

IoT for Smart Cities and Sensing as a Service introduce the advantages of IoT in building economically and environmentally sustainable cities. For urban safety, Nokia phone introduces S-MVNO for Public security service, that enhances commercial LTE networks to meet mission critical demandants of public security agencies. Sensing as a Service provides real-time environmental information and smart analytics that operators could monetize with offering CAPEX-free information services to enterprises, cities, public security authorities and governments. S-MVNO (Secure Mobile Virtual Network Operator) for Public security enables operators to leverage their commercial LTE networks to offer mission-critical broadband services to public security agencies, and thus generate new income streams. Asad Rizvi, head of universal Services business growth at Nokia, said: "Cities want to become digital in order to efficiently deliver services to their habitants.

Nokia and StarHub co-develop analytics services for digital cities

By integrating the Utilize statuses into the Nokia phone AVA cognitive services platform, Nokia phone has been enable to of more co-develop and customize the solution to offer it to operators around the globe. Mobility analytics offers operators collaboration opportunities to innovate new services and income streams, with network information providing insightful reports on customer movements, behaviors and habits. Dennis Lorenzin, head of Network Planning and Optimization at Nokia, said: "The possibility in network information and mobility analytics is huge. Nokia analytics offers great flexibility to operators with productized, always-on software, or project-oriented approaches. With a complete range of mature software, consulting and cooperative developments, whatever the want for analytics, Nokia phone could serve it.