Samsung Electronics has announced that is acquiring Spanish real-time analytics startup, Zhilabs. According to Samsung, the takeover will help the company with its transition to 5G technologies. Although Samsung has come out with the acquisition announcement, the financial details still remain undisclosed. The startup will continue to work independently and under the same management.
Using AI to enhance 5G network performance
Zhilabs, which was founded in 2008, has serviced a long list of customers in the network communications space, including Hewlett Packard Enterprise, Vodafone, and Telefonica. The firm uses AI to provide real time analysis of network performance and Samsung wants to leverage Zhilabs in improving its 5G network roll-outs, as well as to ensure quality services related to automated driving and IoT.
"AI-based automation will play a central role in the introduction of new services in the 5G era, such as industrial Internet of Things (IIoT) and connected cars, as carriers will require automated solutions and network analytics beyond what was possible in previous generations," according to Samsung.
Samsung plans on expanding 5G and other emerging tech
In July, Samsung showcased 3.5GHz and 28GHz spectrum 5G equipment, which will be soon rolled out to telecom players across the globe. Then in August, Samsung announced a 22 billion USD package for investing in organizations that are working on emerging technologies, including artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceuticals. The Zhilabs' acquisition is part of the same investment package and it is expected that more acquisitions will be soon made by Samsung.
“5G will enable unprecedented services attributed to the generation of exponential data traffic, for which automated and intelligent network analytics tools are vital. The acquisition of Zhilabs will help Samsung meet these demands to assure each subscriber receives the best possible service,” said Youngky Kim, president and head of Samsung's networks business in a statement.