Virtualized network functions: The cloudification of telecoms leading to a new class of applications
The Cloudification of the Telecoms market: Last week, Nokia announced 10,000 jobs lost worldwide. Telecoms is a cyclical business with the G cycles (roughly spanning seven years) ex 3G, 4G etc – driving the ups and downs in employment. However, there is more at stake here because the Telecoms industry is fundamentally changing. Nokia also said that it planned to invest in cloud and digital infrastructure and announced three partnerships with the leading Cloud providers i.