Network Functions Virtualization (NFV) and Software Defined Networks (SDN) enable rapid networks and services innovation for all participants in the ecosystem. Decoupling network functions from the underlying physical infrastructure using virtualization technologies enables Service innovation. SDN allows programmability of the NFV infrastructure to support the deployment of new network functions in a variety of environments including campus & enterprise networks, data centers, telecommunications networks providers, cloud providers and over-the-top (OTT) applications & services. NFV enables network capacity and functionality to be decoupled, allowing network functions to be dynamically deployed. The 2017 IEEE NFV-SDN conference focuses, in addition to the latest NFV concepts and mechanism, on first operational results on studies related to virtualized networks functions (VNFs) as well as new applications of VNFs, which smartens networks and their usage.