BARCELONA, Spain, February 25, 2019 /PRNewswire/ --
Enabled through a rich ecosystem of partners, design thinking philosophy, and full stack of software brought together in the '5GLiving Labs'
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of new service offerings that will help enterprises imagine and create new economies with 5G technology, while simultaneously helping communication service providers accelerate and monetize their 5G network deployment. Infosys' newly established 5G Living Labs in five global locations - (Bengaluru, Richardson, Indianapolis, Frankfurt and Melbourne) will help ideate and bring these new economies to life.
5G will transform network capabilities bringing in significant opportunities for network virtualization, AI and Automation, while lowering associated costs considerably, and enhancing delivery of network-based services. More importantly, 5G will enable enterprises - IT and other business departments - to usher in a new era of innovation, create new experiences and improve operational efficiency in organizations.
Having worked on enterprise applications and systems for close to four decades, Infosys brings in tremendous understanding of the opportunities and challenges enterprises face on their digital transformation journey. One significant challenge faced is the need to keep pace with innovation in their ecosystem and the ability to quickly prototype ideas. The global network of Infosys 5G Living Labs are designed to help enterprises imagine and curate game changing ideas driven by 5G, and rapidly prototype them to life. The labs combine the best of Infosys emerging technologies expertise in areas like IoT, AR, VR and AI, unique design thinking driven approaches and a diverse partner ecosystem that is deeply invested in 5G technologies. Enterprise adoption of 5G is key to monetizing networks for communication services providers and Infosys Living Labs enables that by providing an ecosystem to incubate offerings and deploy at scale.
Communication Service Providers (CSPs) will also benefit from Infosys' expertise in emerging technologies to support self-organized intelligent networks, dynamic agile operations and capabilities, to build enriched experiences for enterprises together with a wide ecosystem of partners. Infosys solutions such as the Smart Network Assurance platform will help in pivoting from break-fix operations to proactive and predictive operations using AI and ML based self-healing technologies. Infosys is also building reference solutions based on open source platforms and tools that will enable continuous delivery of software using Software-Defined Networking and Network Function Virtualization principles.
Ravi Kumar S, President and Deputy Chief Operating Officer Infosys, said, "5G is opening an array of opportunities for CSPs and Enterprises in the digital era. Infosys' suite of 5G offerings are powered by our extensive experience of working with major telecom service providers and enterprises globally in transforming their business and technology landscape. Our expertise in areas such as SDN-NFV, Media OTT Platforms and IoT, together with industry collaborations among network solution providers, network OEMS and CSPs will help customers maximize their 5G potential to navigate their next."
Dustin Kehoe, Service Director, GlobalData PLC, said, "5G is not just an evolution of cellular standards, it will also enable various new sets of applications, some low latency, others high on throughput to improve employee productivity or external customer engagement. However, the technology is emerging and industry collaboration across the ecosystem is required to unlock new innovation to co-create use cases. Professional services and unwavering commitment to open source solutions to drive best of breed multi-vendor environments, are some of the important considerations for being successful with 5G."
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three 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 (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations 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 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, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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, 2018. 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.