Sumit Virmani, EVP & Global Chief Marketing Officer, Infosys, said, “This strategic collaboration will showcase our AI, digital, and analytics prowess, elevating the fan experience, while enhancing Formula E’s sustainability goals.”
Infosys has completed the acquisition of InSemi, which is semiconductor design and embedded services provider, to strengthen expertise in Engineering R&D services in semiconductor.
Infosys said “This collaboration helps accelerate Infosys’ Chips-to-Clouds strategy, by brining niches design skills at scale and will also pair seamlessly with existing investments in AI/Automation platforms and industry partnerships.”
The IT giant also announced a strategic three-year partnership with the ABB FIA Formula E World Championship, the global motorsport championship for electric cars, as its official Digital Innovation Partner. Through this collaboration, Infosys will provide in-race analytics, unlock fan engagement experiences, and enhance sustainability reporting and tracking for the Formula E championship.
The partnership between Infosys and Formula E will focus on three core areas: fan growth, technology innovation, and continued environmental stewardship.
Infosys Share Price Target
Infosys stock was down by around 1% on May 10, and settled at Rs 1425.15 apiece on BSE, as compared to the previous day close at Rs 1438.75 apiece. The scrip opened at Rs 1438.75 apiece, reaching a high of Rs 1436.95 apiece and a low of Rs 1413.15 apiece.
The stock is down by -14.64 per cent in the last three months but the stock is up by 99.03% in the past five years.
According to the Kotak Institutional Equities report of May 10, the brokerage firm has given a ‘buy’ rating at the CMP of Rs 1,440 apiece and set the target price as Rs 1,750 apiece with an upside of 22%.
Partnership Between Infosys & Formula E
Creating a new Fan Customer Data Platform: With the aim of engaging 500 million fans by 2030, Infosys will help build an AI-powered Fan Customer Data Platform for Formula E to unlock deep fan engagement and personalization opportunities, allowing Formula E to better serve its growing global fan base.
In-race insights and Driver Statistics: Leveraging Infosys Topaz , an AI-first suite of offerings using generative AI technologies, the collaboration aims to provide real-time insights and real time driver statistics during races, enhancing the overall viewing experience for fans.
(With Inputs From Agencies)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
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