Infosys Limited reports recurring developments in AI-first business consulting, technology services, digital transformation and enterprise modernization. Company news commonly covers Infosys Topaz, its generative and agentic AI offering, Infosys Topaz Fabric for agentic services, and Infosys Cobalt for cloud services, solutions and platforms.
Updates also include strategic collaborations with technology, education, sports and enterprise customers; work for financial-services clients; software engineering and legacy modernization initiatives; digital fan-engagement platforms; brand and partnership announcements; and operating or financial results. Infosys serves clients through a global IT services model that includes consulting, cloud, AI, infrastructure, software delivery and business process outsourcing.
Infosys (NYSE: INFY) partners with the International Tennis Hall of Fame to enhance the fan experience through digital innovation. From July 10-17, 2022, at the Infosys Hall of Fame Open, a revamped tournament website will include features like Matchbeats, AI quizzes, and automated commentary. Additionally, a metaverse museum will celebrate tennis history, accessible globally. The full project launch is slated for 2023, aiming to engage fans through immersive digital experiences.
Infosys (NSE, BSE, NYSE: INFY) announced its acquisition of BASE life science, a European technology and consulting firm specializing in life sciences. This acquisition aims to enhance Infosys' capabilities in the digital transformation of clinical trials and drug development.
With a team of 200 experts across Europe, BASE focuses on data and AI solutions, enabling better health outcomes. The deal is expected to close in Q2 of fiscal 2023, subject to customary conditions.
Infosys (NSE: INFY) has entered into a strategic seven-year collaboration with TK Elevator to revamp its digital workplace management, IT infrastructure, and network security. This partnership aims to enhance cybersecurity and reduce operational costs through AI-powered IT services and automation. Infosys will harmonize global service desk and workplace operations, leveraging its expertise in digital transformation. TK Elevator expects this collaboration to foster innovation, efficiency, and improved user experiences for employees globally.
Amazon Web Services (AWS) has launched AWS Mainframe Modernization, a service designed to help customers transition their mainframe workloads to the cloud efficiently. This service allows organizations to either refactor or replatform their mainframe applications with minimal changes. With a managed runtime environment, it automates capacity provisioning, security, and application monitoring. Available now in several regions, the service supports various industries and partners like Infosys and TCS in leveraging AWS for modernization.
Infosys (NSE: INFY) has announced the launch of new digital innovations in partnership with the French Tennis Federation for the 2022 Roland Garros tournament. The five-year collaboration aims to enhance fan engagement through technologies like AR, VR, and AI, offering features such as a 3D Racket Exhibition and real-time match statistics. The initiative also introduces a STEM program to inspire youth in science and technology using tennis as a platform. These innovations will provide a more immersive experience for viewers and promote STEM education.
CareAR, a Xerox company, has partnered with Infosys to accelerate enterprises' exploration of the metaverse through the Infosys Metaverse Foundry. This collaboration aims to enhance service experience transformation via CareAR's service experience management (SXM) platform, utilizing applications like CareAR® Assist. The integration promises reduced costs, improved customer and employee experiences, and alignment with ESG goals by decreasing the need for field technicians. Both companies are targeting multiple industries including healthcare and manufacturing.
Infosys (NYSE: INFY) announced a partnership with Backcountry to enhance its digital security framework and customer experience through the Infosys Cobalt and Cyber Next platforms. Utilizing Google Cloud, Backcountry's transformation focuses on improving its security measures and optimizing business operations. This collaboration is crucial as consumer demand for outdoor products rises, with Backcountry also opening new stores. The integration of predictive analytics via Google BigQuery allows Backcountry to respond quickly to market changes while maintaining cost efficiency.
Infosys released the Modernization Radar 2022, revealing that 50% of global legacy applications are set to modernize within two years. This modernization is crucial for reducing operational costs, increasing revenues, and enhancing customer experience. Key findings highlight a majority of legacy systems are core to business, presenting significant risks due to inadequate support. Companies are encouraged to adopt strategic modernization plans, upskill talent, and utilize phased approaches to minimize disruptions.
Infosys and Manufacturers Alliance Foundation released a report on May 4, 2022, examining the manufacturing sector's progress in reducing carbon emissions. The report reveals that 45% of manufacturers plan to expand their carbon initiatives, with the aerospace and automotive industries leading in emissions tracking. However, 94% of respondents find it challenging to capture product carbon footprints. Digital technologies are seen as essential for tracking emissions, with 45% already using data for monitoring. The report emphasizes the role of digitalization in achieving sustainability goals.
Infosys (NSE: INFY) announced a partnership with Nu Skin Enterprises (NYSE: NUS) to enhance digital commerce in the beauty and wellness sector. Utilizing the Infosys Equinox platform, Nu Skin aims to innovate consumer engagement and drive business growth through social commerce capabilities. The collaboration focuses on delivering personalized shopping experiences via multiple digital touchpoints, including websites and mobile apps. Key executives from both companies highlighted the potential for transformative change in customer interaction and brand engagement within the industry.