This article first appeared on the BNEF mobile app and the Bloomberg Terminal.
- Industrial firms increasingly working with cloud partners
- Recent partnerships address specific industry verticals
Industrial conglomerates and technology companies have formed a web of partnerships lately aiming to make money from their customers’ digital transformations. This month, Hitachi and Microsoft announced they will develop predictive analytics for the manufacturing and logistics sectors.
Industrials view digital technologies as key to long-term growth and are quickly adding them to their product suites. To access the latest innovations, leading companies are forming partnerships and investing in technology startups to varying degrees.
Many recent partnerships are formed to address industry-specific digital analytics. For instance, Siemens partnered with Arm on mobility, Hitachi with Cisco on data centers, and Schneider Electric with Lenovo on smart manufacturing in China.
The level of corporate venture activity can also serve as a proxy for innovation in a company’s digital portfolio. Both partnerships and investments should flourish as industrials reach to incorporate more technologies and serve more sectors.
BNEF Shorts are research excerpts available only on the BNEF mobile app and the Bloomberg Terminal, highlighting key findings from our reports. If you would like to learn more about our services, please contact us.