Nokia Oyj (ADR) (NYSE:NOK) Collaborates With Bosch To Build Comprehensive IoT Business Solutions

Nokia Oyj (ADR) (NYSE:NOK) Collaborates With Bosch To Build Comprehensive IoT Business Solutions

The stock of Nokia Oyj (ADR) (NYSE:NOK) closed at $5.86 gaining 0.51% in yesterday’s trading session. This company is collaborating with Bosch Connected Devices and Solutions for industrial IoT. The initial work will focus on environmental monitoring use cases, predictive maintenance and asset tracking.

Nokia intends to use its sensing services and ecosystem of mobile operators in the provision of IoT connectivity. Bosch and Solutions is looking forward to helping the industrial customers improve their overall equipment safety and efficiency. It hopes to succeed in the move by providing them with smart connected sensor devices.

It is pretty easy to measure as well as transmit relevant environmental data using the intelligent devices which are usually fitted with top-quality Bosch MEMS sensors embedded in an energy-efficient framework. The best thing about the partnership lay in the fact that it will enable rapid development of solutions cut out for large logistics providers, industrial players and operators as well.

The head of strategic partnerships at Nokia, Laurent Le Gourierrec acknowledged that indeed Bosch was one of the top smart sensor manufacturers around the globe. He outlined that the company was delighted about hitting the strategic agreement. He hoped that the newly formed alliance would move a long way towards facilitating rapid deployment of innovative, large-scale IoT applications.

Chief Executive Officer at Bosch Connected Devices, Dr. Markus Lang, made an announcement stating that they were impressed with their success in achieving the strategic partnership with Nokia. According to him, the company couldn’t have made a better decision than that of settling upon Nokia as a partner towards building comprehensive IoT business solutions.

Lang strongly believes that interoperability and collaboration are major enablers towards scaling up IoT solutions. The cooperation is expected to see both parties achieve immense business success.

Nokia’s spokesperson opined, “Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry’s most complete, end-to-end portfolio of products, services and licensing.”