Microsoft Partners With Luxoft On Connected Vehicle Platform

Microsoft (NASDAQ:MSFT) is reportedly expanding its partnership with Luxoft — a division of DXC Technology Company. Per a press release by Luxoft, the collaboration is aimed to accelerate delivery of connected vehicle systems and mobility experiences.

Luxoft will make use of Microsoft’s Connected Vehicle Platform, which is based on Azure cloud-connected IoT, diagnostic and security solutions to enable automakers with data-centric features.

The companies will showcase the crucial undertaking and initiatives as part of the partnership at CES in Las Vegas.

Luxoft Partnership Likely to Yield Favorably

The collaboration between Luxoft and Microsoft is likely to aid delivering unique features to automakers such as advanced vehicle diagnostics, remote access and repair as well as preventive maintenance.

Luxoft’s ability to integrate innovation and execution with its global delivery network is likely to aid Microsoft bolster the deployment of connected vehicle centric solutions and services.

Moreover, the partnership will enable real usage data collection, which will aid vehicle engineering to improve manufacturing quality.

Microsoft Corporation Price and Consensus

Connected Vehicles Gain Traction

Per a report by ETAuto, growth in autonomous and shared vehicles space has been driving the mobility revolution. Therefore, automakers are trying to identify unique approaches for integrating consumers’ personalized digital lifestyles into driving experience.

Connected vehicle solutions will deliver familiar and intuitive experiences including infotainment, entertainment, productivity, driver safety and driver assistance. Innovations in the connected vehicles space are helping to boost the quality of vehicle communications to ensure a better and safer driving experience.

Microsoft has been undertaking prudent partnerships to strengthen footing in the connected vehicles space. In December 2019, Microsoft Connected Vehicle Platform joined forces with Ericsson (NASDAQ:ERIC) to develop a Connected Vehicle Cloud. Additionally, the platform powers Volkswagen (DE:VOWG_p) Automotive Cloud as well as Alliance Intelligent Cloud in collaboration with Renault (PA:RENA) Nissan Mitsubishi.

Moreover, through the extended partnership with Luxoft, automakers and their key OEM partners will be able to utilize Microsoft’s Connected Vehicle Platform.

Markedly, the autonomous vehicle technology achieved impressive progress in 2019 with the launch of vehicles featuring Level-2 and Level-3 functionalities. In fact, Goldman Sachs (NYSE:GS) believes that the first commercially available semi-autonomous cars (Level 4) are likely to be on road in the next 1-2 years.

In fact, several technology and automotive giants like Alphabet’s (NASDAQ:GOOGL) Waymo, Tesla (NASDAQ:TSLA) , Baidu (NASDAQ:BIDU), Lyft (NASDAQ:LYFT) and Ford are focusing on the development and testing of autonomous vehicles and related technologies.

With strong growth prospects in the autonomous vehicles space, Microsoft’s efforts to boost presence in this arena are likely to yield favorably.

Zacks Rank

Microsoft currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>