Nokia Oyj
NOK
has strengthened its partnership with
Microsoft Corporation
MSFT
to integrate Nokia MX Industrial Edge (MXIE) with Microsoft Azure Arc to unlock the capabilities of mission-critical applications for Industry 4.0 use cases. The integration will result in customers having seamless access to the Azure ecosystem on the MXIE platform, permitting them to run applications in the traditional cloud and on their premises.
Microsoft’s Azure Arc allows central management of a wide range of resources, performs virtual machine lifecycle management, and meets governance and compliance standards for applications, infrastructure and data. Also, Azure Arc offers simplified management and faster app development services, making it easy to monitor and secure Windows and Linux servers, SQL Server, and Kubernetes clusters across data centers.
The Nokia MXIE, a future-ready solution, has the capacity to integrate the agility and simplicity of an edge-as-a-service model to speed up the transformation of operational technology. It is specifically designed to meet the mission-critical needs of asset-intensive industrial environments. The expanded collaboration with Microsoft is likely to generate incremental revenues for Nokia in the long run.
The performance of Industry 4.0 mission-critical applications will also be enhanced via the collaboration. The Industry 4.0 mission-critical application is helping cities, industries and governments unfold a more resilient and sustainable future.
Nokia has made significant process on its three-phased journey of value creation. Its focus on capital allocation and technology leadership is expected to help it profit. The company is also witnessing healthy momentum in its focus area of software and enterprise. This augurs well for the licensing business.
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Nokia has lost 0.9% over the past year compared with the
industry
’s decline of 4.8%.
It currently carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
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COUP
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SAP SE
SAP
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