BENGALURU, India, April 24,
2023 /PRNewswire/ -- Infosys (NSE: INFY)
(BSE: INFY) (NYSE: INFY), a global leader in next-generation
digital services and consulting, today announced that it signed a
Memorandum of Understanding (MoU) with Aramco, one of the world's
leading integrated energy and chemicals companies, to collaborate
on accelerating their human resource (HR) technology. Together,
Infosys and Aramco aspire to bring new insights to HR data and
analytics; scale the use of automation tools; and enhance employee
experience through artificial intelligence (AI) technologies.
Infosys also plans to embed digital transformation practices and
tools into Aramco's HR platform, enhancing the overall digital
experience for employees to engage more productively. Additionally,
Infosys aims to leverage AI to further bolster Aramco's employee
learning and development experiences and reduce skill gaps. This
will attempt to help Aramco unlock talent to match people to
opportunities in the company.
The collaboration also intends to work on analysing how
automation can optimize repetitive tasks related to HR management
through AI-powered learning, reducing time and effort in training
delivery. AI-powered analysis will aim to provide insights, track
return on investment and support Aramco with algorithmic
decision-making to spot trends and identify relevant recruitment
channels.
Faisal A. Al-Hajji, SVP Human
Resources, Aramco, said, "At Aramco, we are constantly looking
to improve employee experience and make our company the best place
to work. This collaboration will allow us to explore ways to
further upgrade our focus on customer-centricity and transform our
digital HR offerings."
Ashiss Kumar Dash, EVP & Global Head - Services,
Utilities, Resources and Energy, Infosys, said, "Infosys'
programs for learning and development have been acknowledged and
benchmarked globally and we take great pride in them. Through this
collaboration, we intend to bring our digital expertise and tools
to Aramco's HR practice to deliver a world-class employee
experience. By aiming to incorporate high-level AI and automation
into their employee management model, we will attempt to help
Aramco scale and enhance their talent model."
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. With over four decades of experience in managing
the systems and workings of global enterprises, we expertly steer
clients, in more than 50 countries, as they navigate their digital
transformation powered by the cloud. We enable them with an
AI-powered 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, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders 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 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 COVID-19 and the effects of government and
other measures seeking to contain its spread, risks related to an
economic downturn or recession in India, the United
States and other countries around the world, changes in
political, business, and economic conditions, fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in
India and the US, our ability to
attract and retain highly skilled professionals, time and cost
overruns on fixed-price, fixed-time frame contracts, client
concentration, restrictions on immigration, industry segment
concentration, our ability to manage our international operations,
reduced demand for technology in our key focus areas, disruptions
in telecommunication networks or system failures, our ability to
successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the
companies in which Infosys has made strategic investments,
withdrawal or expiration of governmental fiscal incentives,
political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, unauthorized use of our intellectual
property and general economic conditions affecting our industry and
the outcome of pending litigation and government investigation.
Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the
fiscal year ended March 31, 2022.
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."
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SOURCE Infosys