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Infosys Powers LKQ Europe's HR Transformation with a Unified Digital Platform
Prnewswire· 2025-03-27 10:19
Core Insights - Infosys has successfully collaborated with LKQ Europe to implement a unified, cloud-based digital platform aimed at streamlining HR processes across 18 countries [1][2][3] - The collaboration is part of a five-year initiative to enhance HR operations through advanced analytics-enabled Human Capital Management (HCM) solutions, which will improve decision-making and employee engagement [2][3] - LKQ Europe, a leading distributor of automotive aftermarket parts in Europe, reported approximately $6.3 billion in revenue for 2023 and employs around 26,500 people [4] Company Overview - Infosys is a global leader in next-generation digital services and consulting, with over 300,000 employees and a presence in more than 50 countries [6] - The company focuses on digital transformation, data analytics, and cloud technologies to support clients in navigating their operational challenges [6] Industry Context - LKQ Europe operates in the automotive aftermarket parts distribution sector, which requires agile and innovative solutions to remain competitive [3] - The implementation of the new HR platform is expected to enhance regulatory compliance and employee experience, contributing to higher engagement and motivation within the workforce [2][3]
Capitalizing on Growth: Why Financial Services Firms Need a Unified AI Strategy
Prnewswire· 2025-03-25 14:23
New Infosys and HFS Research Report underscores how AI is the new transformation lever for BFS enterprisesBENGALURU, India, March 25, 2025 /PRNewswire/ -- The advent of gen AI has driven two-thirds (66 percent) of banking and financial services (BFS) enterprises to update their AI strategy – yet the majority (88 percent) of BFS firms lack a comprehensive, enterprise-wide AI strategy, according to a new study from Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting.The ne ...
Infosys Announces Expansion of Strategic Collaboration with Citizens to Propel AI-led Transformation
Prnewswire· 2025-03-12 13:46
To help accelerate innovation, drive market leadership and better serve customers BENGALURU, India, March 12, 2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting today announced the expansion of its long-standing strategic collaboration with Citizens, one of the oldest and largest financial institutions in the US. Citizens will leverage Infosys' deep domain expertise in financial services and its innovative technologies, inclu ...
Enterprise AI Takes Center Stage as Over 50% of AI Use Cases Now Deliver Impact: Infosys Research
Prnewswire· 2025-03-12 10:46
Core Insights - Infosys Knowledge Institute released its largest survey on AI effectiveness, the Infosys AI Business Value Radar, surveying 3,240 companies across 132 AI use cases, indicating a shift from experimentation to scaled deployment due to decreasing costs and increasing success rates [1][2][8] AI Effectiveness - 19% of AI use cases meet all business objectives, while 32% partially meet them, with organizations focusing on transformational AI use cases more likely to achieve their goals [2] - Well-designed change management and robust employee training can enhance AI deployment success rates by up to 18 percentage points [2][6] Industry Performance - High-performing industries include professional services, life sciences, high tech, telecommunications, and insurance, while financial services lag due to regulatory challenges [7] - Travel and hospitality, manufacturing, retail, and the public sector struggle with consistent AI success [7] AI Use Cases - IT, operations, and facilities are the most pursued AI use cases at 38%, followed by cybersecurity, resilience, and software development at 30%, with these categories showing a 10%-15% higher likelihood of success [7] - Industry-specific applications, such as claims processing in insurance and clinical trials in life sciences, improve core business operations [7] Recommendations for AI Deployment - Companies should invest in workforce AI readiness to nearly double their likelihood of success in AI deployments [7] - Key recommendations include accelerating agentic AI for operating model transformation, simultaneous experimentation through AI foundry and factory models, and creating an AI governance task force [5][7]
Ethisphere recognizes Infosys among 2025 World's Most Ethical Companies® for the Fifth Consecutive Year
Prnewswire· 2025-03-11 11:08
Core Insights - Infosys has been recognized as one of the 2025 World's Most Ethical Companies® by Ethisphere for the fifth consecutive year, highlighting its strong culture of ethics, integrity, and responsible business practices [1][4] - The recognition includes 136 honorees from 19 countries and 44 industries, with Infosys being one of only three companies in India to receive this accolade [2] - The evaluation was based on the Ethisphere Ethics Quotient®, which includes a comprehensive questionnaire covering 240 proof points related to ethics, ESG practices, and diversity initiatives [2][5] Company Overview - Infosys is a global leader in next-generation digital services and consulting, employing over 300,000 people and serving clients in more than 56 countries [6] - The company focuses on enabling digital transformation through cloud and AI technologies, emphasizing a commitment to ethical governance and sustainability [6] Leadership Statements - Salil Parekh, CEO of Infosys, expressed that the recognition reflects the company's unwavering commitment to ethical standards and responsible business practices [4] - Erica Salmon Byrne, Chief Strategy Officer of Ethisphere, noted that the recognition is a testament to the company's dedication to advancing business integrity, which is valued by employees and stakeholders [3]
Infosys Launches Open-Source Responsible AI Toolkit to Enhance Trust and Transparency in AI
Prnewswire· 2025-02-26 09:50
Core Insights - Infosys has launched an open-source Responsible AI Toolkit as part of its commitment to creating an inclusive AI ecosystem, focusing on safety, security, privacy, and fairness [1][3] Group 1: Responsible AI Toolkit - The Responsible AI Toolkit is designed to help enterprises innovate responsibly while addressing ethical AI adoption challenges [1][2] - It builds on the Infosys AI3S framework (Scan, Shield, and Steer) and includes advanced defensive technical guardrails to mitigate issues like privacy breaches, security attacks, and biased outputs [2] - The toolkit enhances model transparency by providing insights into AI-generated outputs without compromising performance or user experience [2] Group 2: Open Source and Collaboration - By making the toolkit open source, Infosys aims to foster a collaborative ecosystem that addresses AI bias, opacity, and security challenges [3] - The open-source nature of the toolkit empowers enterprises, startups, and SMEs to leverage AI for innovative advancements [3] Group 3: Industry Recognition and Commitment - Infosys has reaffirmed its commitment to ethical AI through the establishment of the Responsible AI Office and has received the ISO 42001:2023 certification on AI management systems [3] - The company is actively participating in global dialogues on Responsible AI through memberships in various industry bodies and government initiatives [3]
Infosys, Lufthansa Group, and Lufthansa Systems Collaborate to Accelerate Digital Innovation in the Aviation Industry
Prnewswire· 2025-02-18 10:14
Core Insights - Infosys has announced a strategic collaboration with Lufthansa Group and Lufthansa Systems to enhance digital transformation in the aviation industry through the establishment of a Global Capability Center in Bengaluru, India [1][2][4] Group 1: Collaboration Details - The Global Capability Center (GCC) will focus on software and product development for Lufthansa Group and support Lufthansa Systems' products for external airline market customers [2][3] - The GCC will leverage Infosys Topaz, an AI-first offering, to develop sustainable aviation IT products and data-driven solutions aimed at improving aviation safety, efficiency, customer experience, and competitiveness [2][3] Group 2: Industry Context - The aviation industry is currently facing challenges such as volatile fuel prices, operational complexities, and global political uncertainties, necessitating innovative solutions [4] - The collaboration aims to optimize operations and enhance passenger experiences, contributing to sustainable growth in the aviation sector [4][5] Group 3: Company Background - Infosys is recognized as a global leader in next-generation digital services and consulting, with over 300,000 employees and a strong commitment to digital transformation powered by AI and cloud technologies [7] - Lufthansa Group, with 96,677 employees, generated revenue of EUR 35,442 million in the financial year 2023, indicating its significant presence in the aviation market [5]
Infosys and Siemens AG to Accelerate Digital Learning with Generative AI
Prnewswire· 2025-01-29 10:19
Collaboration Overview - Infosys expands collaboration with Siemens AG to accelerate digital learning initiatives using generative AI, aiming to provide upskilling opportunities and personalized learning experiences for over 250,000 Siemens employees globally [1] - The collaboration leverages Infosys Topaz, an AI-first offering, and Infosys Wingspan, an AI-powered next-gen enterprise learning experience platform, integrated into Siemens' My Learning World platform [1] Platform Features - The improved platform includes an AI-powered knowledge assistant for instant answers and personalized recommendations, AI-assisted content authoring for tailored content in multiple languages, and an AI chatbot for real-time assistance [2] - A virtual tutor feature streamlines content with summary generation, content translation, and learning style selection [2] Executive Insights - Siemens emphasizes the importance of a thriving learning environment to maintain competitive edge and foster innovation, with Infosys' expertise in digital transformation and AI being crucial for creating engaging learning experiences [3] - Infosys highlights generative AI as a game-changer in learning and development, enabling personalized and effective learning experiences that drive innovation and organizational success [3] Platform Usage and Impact - Siemens My Learning World platform currently has 216,000 active users accessing over 178,000 learning materials, with 27,000 factory workers and 65,000 users utilizing the My Skills feature for skill-based learning [3] - My Skills framework empowers employees to identify skill gaps, align learning with organizational goals, and drive professional development through personalized learning paths and peer endorsements [3] - A new customer-facing platform based on Wingspan is being developed, offering over 300 technical courses for around 50,000 external participants, including system integrators in the Siemens ecosystem [3] Company Overview - Infosys is a global leader in next-generation digital services and consulting, enabling digital transformation for clients in over 56 countries with expertise in cloud and AI-driven solutions [4] - The company focuses on amplifying human potential, driving continuous improvement through digital skills transfer, and fostering an inclusive workplace committed to environmental sustainability [4]
Infosys and Saïd Business School Launch Course for Entrepreneurs on Infosys Springboard
Prnewswire· 2025-01-28 10:22
Core Insights - Infosys and Saïd Business School, University of Oxford, launched the 'Springboard StartSmart: Foundations for Entrepreneurs' course aimed at empowering entrepreneurs and SMEs with essential skills for success in a dynamic business environment [1][2] Group 1: Course Objectives and Structure - The course is designed to cater to the specific needs of young entrepreneurs, providing support throughout their entrepreneurial journey, from early-stage founders to those contemplating starting their own businesses [2] - It aims to democratize learning, equipping participants with knowledge and tools to embrace digital transformation and leverage emerging technologies, including AI [2] Group 2: Collaboration Significance - The collaboration addresses the high failure rate of small businesses in the UK, where nearly 60% of small British businesses and start-ups fail within the first three years [3] - The partnership seeks to provide access to vital tools and mentorship, which are crucial for the success of start-ups [3] Group 3: Impact and Reach - Since the launch of initiatives in 2021, over 50,000 registered users have benefited from more than 10,000 courses offered through the Infosys Springboard platform [3] - The course is expected to create a more equitable society by bridging the digital divide and nurturing a new generation of business leaders [3]
Infosys and Street Child Unite to Enable Access to Quality Education in Ukraine with Digital Innovation
Prnewswire· 2025-01-27 10:21
Core Viewpoint - Infosys has established seven Digital Learning Centers in Ukraine to support children's education amid the ongoing conflict, addressing significant disruptions in the education system [1][2][4] Group 1: Collaboration and Initiatives - The partnership between Infosys and Street Child aims to tackle the educational challenges faced by children in crisis-affected areas of Ukraine, particularly due to the conflict that has impacted over 3,700 educational institutions [2][5] - The collaboration has successfully established seven Digital Learning Centers within 12 months, exceeding the initial goal of five centers [3] Group 2: Impact and Operations - In the first three months of operation, the Digital Learning Centers have served over 1,000 children, providing essential resources such as laptops, high-speed internet, and educational materials [4] - The centers also include spaces for Mental Health and Psychosocial Support (MHPSS), addressing the emotional needs of young learners [4] Group 3: Educational Content and Curriculum - The Digital Transformation program offers courses in Ukrainian Language and Geography for Grades 5 and 6, along with topics like Cybersecurity and Anti-Corruption for teachers, aligning with Ukraine's national educational platform [5] - This initiative aims to preserve Ukraine's cultural identity while providing quality education in a secure environment [5][6]