Nokia is performing well on the Helsinki Stock Exchange, buoyed by its partnership with Microsoft
The partnership with the US group has been strengthened and is leveraging AI. Since the start of the year, the group’s shares have already risen by 66 per cent
(Il Sole 24 Ore Radiocor) Nokia is leading the way on the Helsinki Stock Exchange after strengthening its long-standing partnership with Microsoft, by leveraging AI. Shares in the telecoms network equipment and technology provider are up by around 4 per cent, putting it in first place on the OMX Nordic index, as well as among the top performers on the Stoxx Europe 600. Since the start of the year, the share price has risen by around 66 per cent. “Nokia is accelerating network automation” with Microsoft, the Finnish group announced. The agreement involves “the development of a unified, agent-based database that supports faster and more reliable operations, thanks to artificial intelligence, for telecoms service providers”, explains a press release. The collaboration combines the out-of-the-box telecoms data products of Nokia Data Suite with the unified analytics, governance and artificial intelligence capabilities of Microsoft Fabric, “enabling intelligent, agent-based solutions across the entire network infrastructure”. According to Nokia, operators will be able to access reliable, high-quality data in a matter of minutes rather than weeks, simplifying complex data integration and significantly reducing the time taken to obtain useful information. “Nokia and Microsoft are providing the right data, at the right time and for the right reason, to telecoms operators around the world,” said Vivek Jaiswal, Senior Vice President of Autonomous Networks at Nokia, as quoted in the press release. “Together, we are helping networks evolve from static infrastructures into programmable artificial intelligence platforms,” he added. “By combining the Nokia Data Suite and Microsoft Fabric, we are creating a faster path to transforming complex network data into actionable insights,” said Silvia Candiani, Global Corporate Vice President of Telecommunications and Media at Microsoft. The collaboration builds on the existing partnership between Nokia and Microsoft in the areas of cloud, data, artificial intelligence and cyber security. The solution is already available, the two companies state.
