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/C O R R E C T I O N from Source -- EXFO Inc./

12/03/2020 | 12:01am EST

In the news release "EXFO solves video streaming problems for service providers", issued 03-Dec-2020 by EXFO Inc. over CNW Telbec, we are advised by the company that the link "Nova Active over-the-top (OTT) video monitoring" was erroneous. The complete, corrected release follows:

EXFO solves video streaming problems for service providers

Industry-first solution brings new revenue opportunities, reduces churn, and differentiates

QUEBEC CITY, Dec. 3, 2020 /CNW Telbec/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and analytics experts, today launched Nova Active over-the-top (OTT) video monitoring, an industry-first solution allowing service providers to automatically detect and diagnose the root cause of video streaming problems as soon as they begin, and identify their origin—whether inside or outside of their networks. This is critical as video exceeds 65% of today's network traffic, and will rise to over 90% in 5G networks by 2024.

OTT video streaming issues are the number one source of network-related customer churn1, a multimillion dollar problem for operators.2 In addition, consumers blame their video quality of experience (QoE) issues primarily on service providers,3 even though approximately half of all video quality issues originate outside of their networks and their control.4

As a result, service providers have high volumes of churn and are unable to effectively monetize OTT video services and leverage QoE as an essential differentiator. In turn, revenue losses and higher customer acquisition costs increase as the provider's reputation suffers—even if the issues stem from a customer device, a poor home WiFi network or a content provider's data center issue.

EXFO's Nova Active OTT video monitoring solution now gives mobile network operators, internet service providers and content delivery providers the means to detect, segment, classify and diagnose the root cause of video streaming problems as soon as they begin. For the first time, service providers will be able to pinpoint whether problems like freezing, buffering or lagging come from their network, the video platform, the user's device, or a video provider like YouTube or Netflix.

"As we all increasingly rely on video streaming for working, learning and socializing, the quality of over-the-top video services has never been more important. But until now, service providers did not have access to technology allowing them to quickly identify and solve video streaming problems, whether on mobile devices, at work or at home," said Abdelkrim Benamar, EXFO's Vice President of Service Assurance, Systems and Services. "EXFO's unique solution will give service providers the ability to quickly pinpoint the source of these problems, resolve video quality issues for users and capture the growing opportunity that video represents."

"Legacy video monitoring solutions are generally expensive, compute-intensive and tailored to content delivery applications. The industry needs real-time video monitoring that helps service providers overcome network issues, where the majority of issues originate," said Gorkem Yigit, Lead analyst for the Cloud Infrastructure Strategies and Media Platforms research programs, Analysys Mason. "EXFO's approach is designed to address this with an innovative approach that provides visibility into video quality, network performance and how they relate, so providers can optimize user experience with what's within their control."

Nova Active OTT video monitoring is an integral part of the Nova Active monitoring solution and the Nova Adaptive Service Assurance platform. Using a patent-pending approach that measures video streaming experience without compromising user privacy, operators can precisely identify, classify and localize issues as they occur. The new solution avoids big data analytics and decryption delays, allowing operations teams to prioritize and take immediate action.

Key benefits of the solution include:

  • Delivering end-to-end visibility of OTT services.
  • Supporting operators' goals for 5G evolution.
  • Providing operators with the tools needed to manage the explosion in OTT video services.
  • Provides an extensible platform for keeping pace with ever evolving OTT services.
  • A 100% secure and private solution.
  • Monitoring video quality in near real time (per second VQS generation).

More information about the solution is available on EXFO.com.

About EXFO
EXFO (NASDAQ: EXFO) (TSX: EXF) develops smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry. Our customers count on us to deliver superior network performance, service reliability and subscriber insights. They count on our unique blend of equipment, software and services to accelerate digital transformations related to fiber, 4G/LTE and 5G deployments. They count on our expertise with automation, real-time troubleshooting and big data analytics, which are critical to their business performance. We've spent over 35 years earning this trust, and today 1,900 EXFO employees in over 25 countries work side by side with our customers in the lab, field, data center and beyond.

Blog: https://bit.ly/39v5oH0 
Webinar: https://bit.ly/36p7ypE 



Ipsos 2019 survey, Sapio Research consumer survey, Nov-2020


Sapio Research consumer survey, Nov-2020, EXFO market analysis




Source RCR / EXFO global video monitoring research, 2020-09.


View original content:http://www.prnewswire.com/news-releases/exfo-solves-video-streaming-problems-for-service-providers-301185398.html


© Canada Newswire, source Canada Newswire English

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