RESEARCH TRIANGLE PARK – IBM and Verizon are looking to boost ways to incoroprate next-generation wireless 5G technology to speed up business apllications at the so-call “edge” of networks.

The tech giants say they will collaborate to speed up and improve latency for all manner of devices such as Internet of Things apllications that can utilize 5G technology.

One target is to bring “near real-time cognitive automation for the industrial environment,” the companies said.

“The industrial sector is undergoing unprecedented transformation as companies begin to return to full-scale operations, aided by new technology to help reduce costs and increase productivity,” said Bob Lord, Senior Vice President, Cognitive Applications, Blockchain and Ecosystems for IBM in the announcement. “Through this collaboration, we plan to build upon our longstanding relationship with Verizon to help industrial enterprises capitalize on joint solutions that are designed to be multicloud ready, secured and scalable, from the data center all the way out to the enterprise edge.”

Verizon brings access to its 5G network and related capabilities to the partnership with IBM contributing its knowledge and services for IoT, cloud computing and artificial intelligence.

“This collaboration is all about enabling the future of industry in the Fourth Industrial Revolution,” said Tami Erwin, CEO, Verizon Business. “Combining the high speed and low latency of Verizon’s 5G UWB Network and MEC capabilities with IBM’s expertise in enterprise-grade AI and production automation can provide industrial innovation on a massive scale and can help companies increase automation, minimize waste, lower costs, and offer their own clients a better response time and customer experience.”

Financial terms were not disclosed.

Read more about the project online.

IBM employs several thousand people across North Carolina, is the owner of Raleigh-based Red Hat, and operates one of its largest corporate campuses in RTP.