Both companies will help enterprises take an
AI-first approach to scale next-generation AI solutions to improve
operational efficiencies, drive revenue growth, and enable business
transformation
BENGALURU, India, Sept. 26,
2023 /PRNewswire/ -- Infosys (NSE: INFY), (BSE:
INFY), (NYSE: INFY), a global leader in next-generation digital
services and consulting, today announced that it is collaborating
with Microsoft to jointly develop industry leading solutions that
leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive
Services. Both organizations are bringing together their respective
artificial intelligence (AI) capabilities to enhance enterprise
functions with AI-enabled solutions across multiple industries. The
integrated solutions will accelerate rapid democratization of data
and intelligence that will help businesses increase productivity
and drive new revenue growth.
Generative AI has opened new avenues of AI applications and key
enterprise functions across industries, and Infosys is providing
services, frameworks, solutions, and platforms in multiple
application areas, such as semantic search, document summarization,
contact center transformation, AI-augmented software development
lifecycle (SDLC) and marketing content creation. For example,
Infosys helped a leading financial services company implement an
AI-based solution to generate document summaries and provide a
semantic search capability using generative AI. This resulted in
automated organization of documents, which significantly reduced
efforts and improved productivity of their financial advisors.
Through the collaboration with Microsoft, Infosys Topaz is using
Azure OpenAI Service and Azure Cognitive Services to augment its
capabilities, in order to help enterprise customers transition from
digital to AI solutions. The integrated solutions will boost
customers' operational efficiency, decrease turn-around-time,
future-proof investments, and open new business models.
Balakrishna D. R.
(Bali), Executive Vice President
and Global Head – AI and Automation, Application Development &
Maintenance, Infosys, said, "Infosys Topaz is empowering
businesses with improved operational efficiencies and reduced
time-to-market for launching new products and services. It
converges the power of Infosys Cobalt and data analytics to
AI-power business and deliver cognitive solutions and intuitive
experiences that revitalize growth. Through our strategic
collaboration with Microsoft, we will continue to lead the
generative AI revolution, helping businesses amplify human
potential and navigate their next towards becoming AI-first
enterprises."
Nicole Dezen, Chief Partner
Officer, Microsoft Corp, said, "We're pleased to expand our
collaboration with Infosys to deliver innovative solutions,
utilizing Azure OpenAI Service and Azure Cognitive Services, that
will help customers develop new business models, and realize
new revenue streams. By harnessing the power of generative AI,
Infosys will help customers accelerate growth and innovation."
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY)
can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2023. These filings are available at www.sec.gov. Infosys
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to
time by or on behalf of the Company unless it is required by
law.
Logo:
https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/infosys-collaborates-with-microsoft-to-accelerate-and-democratize-industry-wide-adoption-of-generative-ai-301938698.html
SOURCE Infosys