To jointly bring innovative and scalable
solutions to the utilities industry to accelerate grid
transformation
BENGALURU, India, Feb. 7, 2023
/PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY),
a global leader in next-generation digital services and consulting,
today announced a strategic collaboration with GE Digital, GE's
software division, to accelerate grid transformation for the
utilities sector. Together, GE Digital and Infosys will follow a
joint go-to-market approach to deliver value added solutions for
grid related products and services, for their new and existing
clients.
Infosys and GE Digital will jointly bring these solutions for
the utilities industry to help grid operators realize a more
reliable, resilient, and sustainable grid. This will be driven by
an industry-leading grid orchestration software platform and a
suite of intelligent applications that bring together energy data,
network modeling, and artificial intelligence (AI). This
collaboration combines GE's deep expertise and experience with
utilities in the energy sector, and long years of investment
in grid equipment and platforms, and Infosys' breadth of business
transformation, system integration, and advanced technology
capabilities that will enable efficient electric grid
orchestration.
This engagement builds on Infosys' eighteen-year relationship
with GE, that includes collaboration on innovative technology
crucial for energy transition.
Infosys will build a GE Digital Center of Excellence (CoE) to
expand the talent pool for the GE GridOS® portfolio and bring in
best practices in service delivery. Infosys will also invest in
accelerators to integrate the GE platform and application suite
into enterprise ecosystems and address client specific
requirements. In addition, Infosys will bring in digital
capabilities in areas like AI, Cloud, Cybersecurity and Industrial
IoT to support utility transformation. This 360-degree
collaboration will enable Infosys to work with GE to deliver the
benefits of Information Technology and Operational Technology
(IT-OT) convergence to utilities.
"With energy transition driving increasing complexity on the
grid, alignment between IT and OT is becoming very important,"
said, Mahesh Sudhakaran, General
Manager, GE Digital Grid Software. "Our collaboration with
Infosys will help accelerate adoption of grid software that bridges
these disciplines, equipping the next generation of grid operators
with the tools they need to keep the grid stable, resilient, and
sustainable. The utility's ability to not just manage but
orchestrate the clean energy grid relies on a unique combination of
software and partnership for strategy building, as well as
execution of solutions. Infosys' clear understanding of GE
solutions and strong commitment to leadership will enable
significant productivity and service level improvements, along with
critical cost efficiencies."
Ashiss Dash, EVP & Global Head - Services, Utilities,
Resources and Energy, Infosys, said, "We are delighted to
collaborate with GE Digital to drive the digital transformation of
the electric grid which is very crucial for energy transition.
Through our GE Digital Center of Excellence, we plan to bring
product depth, scale, and service delivery best practices to this
rapidly growing market. With a comprehensive understanding of
utility business requirements and challenges, we look forward to
leveraging our technological prowess and domain expertise to enable
this transformation as part of this 360-degree collaboration."
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