CNH Industrial NV (NYSE: CNHI) is having an overwhelmingly strong day in the market today, and for good reason. The company announced that it has entered into a partnership with Microsoft (MSFT). Of course, this news led to excitement among investors, sending the stock for the top. Today, we’ll talk about the partnership, what we’re seeing from the stock, and what we’ll be watching for with regard to CNHI ahead.
CNHI Enters Partnership With MSFT
As mentioned above, CNH Industrial is having a strong day in the market after announcing that it has entered into a partnership with Microsoft. According to a press release issued this morning, the two companies are working on a new digital transformation project. The goal of the project is to empower customers of CNHI global agriculture brands, Case IH and New Holland Agriculture, as well as its commercial vehicles brand IVECO, with enhanced technological services.
Ultimately, data that’s gathered by connected vehicles will be used to streamline business operations as well as to unlock new revenue streams. This will be the result of innovative digital services, which will be powered by Microsoft Azure cloud and its intelligent technologies
2018 /PRNewswire/ — CNH Industrial (NYSE: CNHI /MI: CNHI) and Microsoft have today announced a new Digital Transformation project, aimed at empowering customers of CNH Industrial’s global agricultural brands, Case IH and New Holland Agriculture, and its commercial vehicles brand IVECO, with enhanced technological services. The data gathered by connected vehicles will be used to streamline business operations as well as to unlock new revenue streams, thanks to the introduction of innovative digital services, powered by the Microsoft Azure cloud and its intelligent technologies.
Through this partnership, CNHI will have the ability to offer customers a set of powerful tools that allow them to take advantage of the use of Big Data to enhance their operations. This will allow the company to provide a service delivery platform which takes advantage of the Industrial Internet of Things, Artificial Intelligence, Analytics and Business Intelligence technologies.
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