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Walmart said on Tuesday that it will begin a strategic partnership with Microsoft to achieve a "digital transformation" of the former leader of the retail industry.
The measure is intended to help Walmart better compete with Amazon, which is taking a growing share of retail sales in the United States and around the world.
The two companies explained that the association is focusing on the use of artificial intelligence and other technological tools to help manage costs, expand operations and innovate more quickly.
"Walmart's commitment to technology aims to create incredibly convenient ways for customers to buy and allow employees to do their best work," said the Walmart Chief Executive Officer Doug McMillon.
Microsoft's enterprise-class cloud computing platform, called Azure, will help Walmart manage operations ranging from refrigeration and air conditioning to improving its supply and transportation chain .
"The world's largest companies are operating on our cloud, and I'm excited to be working with Walmart to accelerate their digital transformation with Microsoft Azure and Microsoft 365," said Satya Nadella, CEO of Microsoft.
Earlier this month, research firm eMarketer said that Amazon's growth would enable it to capture 49.1% of online retail sales in the United States this year.
Amazon is ahead of competitors like eBay, with 6.6% e-commerce, and Apple, with 3.9%, according to eMarketer, which estimates Walmart's share at 3.7%.
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