South Korean tech company Samsung acquires analytics firm Zhilabs. Using the technology of this company, which specializes in analytics and artificial intelligence, it hopes to improve the performance of its 5G networks and provide a better user experience for customers.
Samsung states that 5G techniques play a crucial role in its future plans. More and more devices need to be connected to secure, reliable and fast networks. Connected cars and the IoT are two areas in which 5G services will play a major role. Zhilabs’ technology should help Samsung analyse traffic and ensure that users get the best possible service.
Much more data
According to Youngky Kim, chairman of Networks Business at Samsung Electronics, 5G is needed to cope with the exponential growth in data traffic. Automated and intelligent networks play a crucial role in this. The acquisition of Zhilabs will help Samsung meet this demand and ensure that every user gets the best possible service.
Zhilabs will be fully integrated within Samsung. At the same time, the entire management of Zhilabs will continue to employ and manage the company. However, it is not known exactly what will happen to the company’s staff. It seems very likely that the technicians currently employed by Zhilabs will continue to work on the development of the products.
Joan RaventÃ³s, CEO of Zhilabs, states in a statement that 5G technology will drastically change the communication landscape. But this can only be successful if the quality of the networks that transfer data can be measured and improved to offer the best possible services, says RaventÃ³s.
The amount of money involved in the takeover is not known. In any case, it is clear that this acquisition fits in with Samsung’s plans for the future. In the coming years, it will invest nearly four billion euros in the development of artificial intelligence, 5G networks, components for autonomous vehicles and technology for the pharmaceutical industry.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.