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Share Price Information for Vodafone (VOD)

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Share Price: 71.46
Bid: 71.46
Ask: 71.50
Change: 0.82 (1.16%)
Spread: 0.04 (0.056%)
Open: 71.20
High: 71.98
Low: 71.04
Prev. Close: 70.64
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Vodafone teams up with Google Cloud on data analytics

Sun, 02nd May 2021 16:18

May 2 (Reuters) - Mobile operator Vodafone Group Plc
and Alphabet Inc's Google Cloud entered a strategic
partnership to jointly develop data services, Vodafone said on
Sunday.

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.

Google did not respond to Reuters request for a comment.

The news was first reported by the Financial Times on
Sunday.

As part of the six-year agreement, both companies will also
develop a system called 'Dynamo', which can extract and
transport data across different countries where the
British-based telecom company operates.

According to the FT report https://on.ft.com/2QMzQ8o, the
two companies also want to sell consultancy services to other
multinational businesses looking to move huge amounts of data to
the cloud in the future.
(Reporting by Aishwarya Nair in Bengaluru)

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