LONDON, Nov. 3, 2021 /PRNewswire/
-- Infosys (NSE: INFY) (BSE: INFY) (NYSE:
INFY), a global leader in next-generation digital services and
consulting, has today announced its strategic collaboration with
Shell Global Solutions International B.V. (Shell), as the
commercialization partner of the "Shell Inventory Optimizer"
solution.
Through this collaboration, Shell and Infosys will launch "Shell
Inventory Optimizer" as the first product offered to its energy
customers. The solution leverages artificial intelligence that
enables companies to optimize warehouse inventory levels based on
historical consumption. By improving demand planning, this
innovative solution reduces the time and labor required to complete
maintenance operations and brings down the cost of operation.
This collaboration will further strengthen the long-standing
relationship that has existed between the two companies since
2000s.
"The Shell Inventory Optimizer was one of our earliest global
digital products and has delivered millions of dollars in benefits
for Shell, helping us to safeguard operations through inventory
rightsizing," said Dan Jeavons,
Vice President Computational Science and Digital Innovation at
Shell. "We are delighted to bring this innovation to market
together with Infosys. The collaboration enables us to accelerate
the development of this product and develop new and innovative
features."
"We are delighted to partner with Shell on their digital
transformation and commercialization journey, particularly in the
asset management space," said Ashiss Kumar Dash, EVP and Segment
Head - services, utilities, resources, energy at Infosys. "The
Shell Inventory Optimizer product will not only enable our clients
to leverage emerging technologies in order to get deeper insights
on their assets, but will also help them progress on their journey
to become carbon neutral by bringing in operational efficiency by
reducing wastage of raw materials. We are excited to bring Shell
Inventory Optimizer solution to market and look forward to maturing
our strategic collaboration with Shell."
About Infosys Ltd.
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in more than 50 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer our clients through their digital
journey. We do it by enabling the enterprise with an AI-powered
core that helps prioritize the execution of change. We also empower
the business with agile digital at scale to deliver unprecedented
levels of performance and customer delight. Our always-on learning
agenda drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from our
innovation ecosystem.
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, 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, 2021. 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.
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate legal entities. In this document "Shell" is sometimes
used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in
general.
Logo -
https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg
For more information contact:
Dena Tahmasebi
Head of Communications EMEA
Infosys
Dena.Tahmasebi@infosys.com