Trimble and Microsoft Partner to Drive Digital Transformation Across Industries

Rhea-AI Summary

Trimble (NASDAQ: TRMB) and Microsoft have announced a strategic partnership aimed at enhancing technology adoption in industries such as construction, agriculture, and transportation. This collaboration will leverage Microsoft Azure to build the Trimble Construction Cloud, set to launch in 2022, which will connect stakeholders and improve productivity across the construction lifecycle. The partnership seeks to address productivity challenges in the construction sector, which has seen only 1% growth over the past two decades. Joint go-to-market strategies will also be developed to support infrastructure investments.

Positive

• Strategic partnership with Microsoft enhances Trimble's cloud solutions.
• Focus on Trimble Construction Cloud powered by Microsoft Azure to improve construction project efficiency.
• Partnership aimed to address 1% productivity growth in construction over the last 20 years.

Negative

• None.

SUNNYVALE, Calif., Oct. 27, 2021 /PRNewswire/ -- Trimble (NASDAQ: TRMB) and Microsoft announced today a strategic partnership to advance technology adoption and accelerate the digital transformation of the construction, agriculture and transportation industries. By leveraging the Microsoft cloud, Trimble and Microsoft will collaborate to develop, build and deliver industry cloud platforms and solutions that connect people, technology, tasks, data, processes and industry lifecycles. This collaboration represents a significant milestone to advance Trimble's Connect and Scale 2025 strategy, which centers on building industry-leading cloud platforms.

Initially, Trimble and Microsoft will focus on building the Trimble Construction Cloud powered by Microsoft Azure.

The construction process is fragmented, which can result in lost productivity, rework and a lack of transparency. According to a McKinsey & Company article, The next normal in construction:  How disruption is reshaping the world's largest ecosystem,* the construction industry is lagging with only 1 percent productivity growth over the last 20 years. This is significantly lower than the 2.8 percent experienced for the total economy. In addition, one of the significant emerging disruptions that will drive change in construction is the digitization of products and processes. The ability to link technologies, tasks, processes and multiple stakeholders—such as general contractors, subcontractors, designers, engineers and owners—across the construction project workflow can transform and significantly improve productivity, quality, safety, transparency and sustainability. 

This partnership expands Trimble and Microsoft's existing relationship to combine the Microsoft cloud with Trimble's construction solutions and industry domain knowledge. Trimble's construction solutions include on-machine and field technology, modeling and collaboration software, project and resource management, and all underlying analytics. The companies will deliver the Trimble Construction Cloud, an innovative connected platform powered by Microsoft Azure, which is fully enabled for 3D constructible models that will reduce risks, drive speed, and increase efficiency and accuracy across the entire construction project lifecycle, in 2022. 

In addition to cloud engineering development, Microsoft and Trimble will partner on joint go-to-market strategies and deliver innovative solutions to multinational and regional enterprises. The first solutions will enable continued support of infrastructure investment cycles, and be used for large-scale projects, on which multiple stakeholders work in parallel to deliver connected construction projects. 

"Trimble and Microsoft will create a powerful partnership to advance technology adoption in the construction industry. Using Microsoft technologies, Trimble will be able to more rapidly develop a construction cloud to connect stakeholders and workflows throughout the industry," said Bryn Fosburgh, senior vice president, Trimble. "We are building on our combined success to help construction companies use digital data to improve productivity, reduce costs, increase collaboration and create agility. By leveraging the Microsoft cloud, Trimble technology and our combined engineering capabilities, we will empower construction businesses to realize the benefits of the cloud and accelerate digital transformation throughout the construction lifecycle."

"Industry customers are accelerating deployment of cloud-based services and solutions to facilitate better decision making based on data-driven insights, gain efficiencies, reduce costs and engage customers in new ways," said Casey McGee, vice president Global ISV partners, Microsoft. "We are excited about our enhanced collaboration with Trimble as it will help customers, across industries, evolve their cloud strategies and realize business transformation."

About Trimble 

Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.

This press release contains forward-looking statements regarding Trimble's strategic collaboration with Microsoft and plans to develop and provide new platforms and solutions. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to, the nature and timing of such future cloud platform and solution offerings; market demand and adoption of such offerings; and the ability of the collaboration to advance technology adoption and digital transformation in the construction industry. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.

*McKinsey & Company
The next normal in construction:  How disruption is reshaping the world's largest ecosystem
June 4, 2020

GTRMB 

 

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SOURCE Trimble

FAQ

What is the partnership between Trimble and Microsoft?

Trimble and Microsoft have formed a strategic partnership to advance technology adoption in the construction, agriculture, and transportation industries by leveraging Microsoft Azure.

When will the Trimble Construction Cloud be launched?

The Trimble Construction Cloud, powered by Microsoft Azure, is set to launch in 2022.

What industry challenges does the Trimble and Microsoft partnership aim to address?

The partnership aims to improve productivity in the construction industry, which has only achieved 1% growth over the past 20 years.

How will Trimble benefit from Microsoft technologies?

Trimble will utilize Microsoft technologies to rapidly develop construction cloud solutions that connect stakeholders and enhance workflows.

What are the main areas of focus for Trimble's strategy with Microsoft?

The partnership will focus on creating cloud platforms and solutions for construction, agriculture, and transportation, particularly the Trimble Construction Cloud.