Nokia Hopes its Future is Software

Execution will matter, but Nokia believes it can create an important new role for itself at the intersection of three big industries: telecom infrastructure; enterprise software;  and webscale, open source, do it yourself software.
It will not be easy, but it is bold. Basically, Nokia hopes a relatively small contributor to present revenue can eventually become a big revenue driver: big enough to offset the hardware business that is going away.

As Nokia explains it, the objective is to “build a strong, standalone software business” that moves the company “beyond our current product-attached software model and create a software business with the margin profile of large software companies, focused on areas including enterprise software and IoT platforms.”

CEO Rajeev Suri believes that suppliers of access services might include traditional telcos, new entrants, big internet companies or governments.

source: Nokia
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