MSFT Stock Price Prediction: What Can Investors Expect in 2024?
$Microsoft(MSFT.US$ remains a dominant force in the world of tech. When investors think of mega-cap tech stocks, MSFT stock is one that simply has to be in the discussion. In that regard, and considering the stock’s weighting in major indices, it’s likely that most passive investors already have significant exposure to this name.
In the software-as-a-service (SaaS) sector, Microsoft continues to dominate. Impressively, Microsoft Azure serves 95% of the Fortune 500. Known for Windows and Microsoft 365, Microsoft is a software and cloud powerhouse that underpins modern businesses’ IT infrastructure.
Impressively, Microsoft is revealing products to assist healthcare in efficiently accessing and utilizing their vast data. The health sector generates over 30% of global data, but its fragmented storage in various formats poses challenges. Approximately 97% of hospital-generated data remains untapped.
During the HLTH conference in Las Vegas, MSFT unveiled healthcare-specific features for the Fabric platform introduced in May. These tools merge data from various healthcare sources, simplifying access and standardization. They eliminate the time-consuming process of searching through disparate data sources one by one.
Microsoft has conducted Fabric trials with select healthcare customers, including Northwestern Medicine, Arthur Health, and SingHealth. It’s now available in preview. Doug King, CIO at Northwestern Medicine, expressed excitement about the potential for consolidating data to enhance patient care in healthcare settings.
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