ERICSSON: FROM A KITCHEN TO THE WORLD

Ericsson as one off the winner of the World Technology Leader Award
Offering their telecommunication services primary for companies, network operators and service provider, Ericsson is for now a big player in the background. But due to its involvement in 5G and related fields like augmented reality gaming, the company’s name is very likely to be prospectively paramount.

Ericsson stands for technology competence at the hub of the digital world. Whereas other companies are constantly in need for the media’s flashlight, Ericsson seems to be the big player in the background by offering mobile technology, internet and multimedia communications and telecommunications primary for companies, telecommunications and network operators and service provider. Therefore, it is time to draw more attention to this company’s achievements, actual operation and future visions.

Developing powerful technologies

Looking back to the company’s history, Ericsson embodies a paragon of entrepreneurship. Forced to work by the death of his father when he was only eleven years old, Lars Magnus Ericsson had to start his career as a miner in Sweden and Norway. Saving enough money made it possible for him to move to Stockholm in 1867 where he was working six years for the instrument maker “Öllers & Co.”, mainly creating telegraph equipment. Because of his good skills he was granted two state scholarships, using it to study instrument making abroad between 1872 and 1875, working, inter alia, for “Siemens & Halske”. After returning to Sweden in 1876, he and his friend his friend Carl Johan Andersson who had also worked at “Öllers & Co.“ founded a small mechanical workshop together in a room that was an only 13 m2 big former kitchen but located in the most central part of Stockholm. This workshop was the starting point of the development of Ericsson’s worldwide success.

From its roots as a pioneer of telephony in the 19th century, Ericsson today provides nearly all the leading network operators and service providers with the mobile and broadband solutions that make mobile communications of our digital time possible. The company’s self-claimed purpose is to empower an intelligent, sustainable and connected world. To fulfill this purpose Ericsson employs around 95000 people and operates in around 180 countries. However, not only these numbers are impressive. By 2025, Ericsson estimates that 4 Million robots will be at work in 50000 warehouses across the globe.

The nostalgia of 90’s kids

But when hearing “Ericsson” there seems to be always something missing: Sony. Between masses of foldable Motorola and indestructible Nokia phones, the 90’s kids showing their Sony Ericsson phone on the schoolyard were the cool one’s, representing their focus on advanced technology. But Sony’s announcement in 2011 that it would acquire Ericsson’s stake in Sony Ericsson for 1,47 Billion Dollar ended the 10 years long relationship of these two companies. Whereas the name “Sony” was constantly present in the kid’s mind while gaming on their PlayStation’s, the name “Ericsson” faded away.

Fittingly, exactly these nowadays grown up 90’s kid who still keep hold of their gaming hobby will remember Ericsson like an old acquaintance soon. A realistic virtual reality or augmented reality gaming experience on a high-class level is the dream of nearly every gamer. Regarding to augmented reality, most of the gamers are disappointed by the limited field of view of these kinds of games. And it’s exactly this what is one of the core businesses of Ericsson: transforming gaming with the help of 5G making it more mobile and immersive, with no lag and a totally secure connection. If Ericsson would be able to do that, the company’s name is nearly guaranteed to be prospectively paramount by the great large of worldwide technology lovers. Not only by nostalgic 90’s kids.

visit: https://www.ericsson.com/en/newsroom

The  award World Technology Leader and 
the inquiry and voting process is organized by Diana Research Pte. Ltd./Singapore. The market intelligence and research company, specialised on the identification and analyses of leading companies worldwide.

Its services and rankings are used by renowned international media companies as well as universities and research institutes.

Chairman of the WTL Award is Michael Oelmann, longtime editor in chief of the German business magazin Wirtschaftsblatt and former chairman of the Family Company Owners Association Die Familienunternehmer in NRW. 

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