LONDON, Dec. 8, 2016 /PRNewswire/ -- Nokia beat back stiff competition in the local area network (LAN) market to take home the 2016 European New Product Innovation Award at Frost & Sullivan's Excellence in Best Practices Awards gala on 9 November 2016. This two-part exclusive event celebrates the success of innovators, visionaries, and leaders from a cross section of industries in Europe. Monika Maurer, COO of the Fixed Networks Business Group, became part of an exclusive list of winners when she accepted the award on behalf of Nokia at a banquet hosted at the Westin in Paris, France.
Click here for the full multimedia experience of this release - http://bit.ly/2h77PSJ
Nokia's Passive Optical LAN (POL) solution is a more cost-effective way for organisations to deploy LAN while gaining significant benefits like unlimited bandwidth, security, reliability, longevity, and energy and space savings. Nokia's POL solution can help achieve more than 50% cost savings than traditional copper-based Ethernet LAN.
POL employs Gigabit passive optical network (GPON) technology and features single centralised active equipment, a simpler network, and thin-client end-point devices that are centrally managed.
Nokia's POL solution is based on the centralised access node 7360 ISAM FX, a variety of end-user devices and advanced management systems. It delivers Gigabit speeds to each connected device and facilitates the smooth evolution to 20x capacity, reusing the same cabling and access node. Another key benefit of Nokia's POL solution is its management system, the 5571 POL Command Center (PCC), a highly intuitive tool for easy configuration, auto-activation, fault reporting, proactive network monitoring, and troubleshooting of a LAN.
"Nokia's POL solution provides military-grade security and data encryption," said Frost & Sullivan Research Analyst Priya Sharma. "As optical fibres are resistant to electromagnetic interference, POL is ideal for use in sensitive environments such as hospitals, where cameras and machines can interrupt data transmission."
Nokia continues to experience strong demand for its POL solution worldwide. GPON is a field-proven and mature technology designed for simplicity and efficiency, and Nokia's successful fibre projects and partnership programs have helped it cater to companies of all sizes.
"Nokia's primary focus is not on delivering the most inexpensive solution to customers but to present value-added solutions at competitive prices," noted Sharma. "For instance, while Ethernet-based LAN lasts nearly 5 to 7 years, the POL solution lasts at least 50 years, translating to greater lifetime cost savings."
For understanding customer needs in the LAN market and for developing a novel product to address those needs, Nokia deserves the 2016 European Local Area Network New Product Innovation Award. Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognises the value-added features/benefits of the product and the higher return on investment (ROI) it offers customers, which in turn improves customer acquisition and overall market penetration potential.
Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.
With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, collaborates with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that could make or break today's market participants.
Frost & Sullivan's Growth Partnership supports clients by addressing these opportunities and incorporating 2 key elements driving visionary innovation: the Integrated Value Proposition and the Partnership Infrastructure.
- The Integrated Value Proposition provides support to clients throughout all phases of their journey to visionary innovation, including research, analysis, strategy, vision, innovation, and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible, including 360 degree research, comprehensive industry coverage, and career best practices as well as Frost & Sullivan's global footprint of more than 40 offices.
For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?
P: +44 (0) 207.343.8314
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nokia-receives-the-new-product-innovation-award-at-frost--sullivans-awards-gala-honouring-best-in-class-companies-300374852.html
SOURCE Frost & Sullivan