Major telecom operator KT and leading shipbuilding conglomerate Hyundai Heavy Industries said Nov. 7 they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety.
In May, the two companies signed a memorandum of understanding to join forces for a 5G-based smart factory. They have been working on projects to combine KT’s 5G network, artificial intelligence and big data technologies with HHI’s robotics and shipbuilding expertise.
Following a 5G network rollout for enterprises in December, KT has been developing business-to-business services to expand use cases of the ultrafast network and create new revenue sources.
By Ram Garikipati and newswires (firstname.lastname@example.org)