PR91026

BENGALURU, India, August 4, 2020 /PRNewswire=KYODO JBN/ --

    Infosys Living Labs is delivering digital innovation as-a-service to help

them meet next normal consumer expectations

    Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY)

[https://www.infosys.com/en.html], a global leader in next-generation digital

services and consulting, today announced that Infosys Living Labs is driving

the digital innovation agenda for over 100 global enterprises. With Infosys

Living Labs, businesses can leverage on-demand multi-tiered digital

infrastructure, comprising technology, processes, people, and an innovation

ecosystem. The flexibility to consume these capabilities as modular services on

tap, over ramping up and down the same capabilities in-house, is compelling for

enterprises.

    "Posti has embarked on a transformation journey and Infosys Living Labs,

with its capabilities in innovation, has been instrumental in helping us

accelerate this journey," said, Turkka Kuusisto, President and CEO, Posti Group

Oyj.

    Infosys Living Labs is helping enterprises adapt to new priorities and

market trends, also enabling them to accelerate their response to these shifts

with strategic innovations. This is proving to be a critical business

capability for businesses to drive recovery and growth in the next normal.

Infosys Living Labs delivers on the promise of:

    Speed: Enterprises are creating the right conditions for rapid

experimentation and response to market needs by collaborating with Infosys.

Through Infosys Living Labs, they are kickstarting agile innovation cycles that

start with instituting listening posts for trendspotting. They are also

harvesting ready-to-scale innovations from the Infosys innovation ecosystem of

startup and academia partners. Infosys Living Labs' sandboxes and incubation

facilities also include shared maker spaces in Infosys global digital centers

to accelerate the innovation process. A good example is how Infosys Living Labs

helped an American investment firm spot changing consumer trends in their

business and build gamified visualizations of retirement savings benefits for

their customers in our digital center. This human experience delivered

much-needed upticks in sales for them during the pandemic.

    Scope: Infosys Living Labs is helping companies expand the breadth of their

innovation by bringing expertise in emerging technologies, across a global

footprint, along with cross-industry experience that most corporations seek.

For example, a mail services company in Europe harnessed Infosys Living Labs to

build a hyper-efficient parcel sorting mechanism. They co-created, with Infosys

Living Labs a cloud-powered, IoT-assisted system with central intelligence to

operate automatically and accurately year-long. It saved them the costs of

setting up additional sorting facilities during seasonal peaks.

    Scale: Because solutions that must work at scale must be designed for

scale, enterprises rely on Infosys Living Labs' proven frameworks and best

practices to go to market with scaled innovations. They count on Infosys Living

Labs' talent and technology leverage to help them manage the

pilot-to-production ramp up smoothly. As an example, a multinational

distributor of food digitized their complex inbound supply chain with Infosys

Living Labs. Taking a persona-focused prototype-driven approach to validate the

various solutions with stakeholders, Infosys meticulously mapped requirements

to scale the prototype with the capability landscape. In agile sprints,

executed over the following weeks, the digital solution replaced 20% of the

legacy landscape, driving 30% productivity improvements.

    Ravi Kumar S, President, Infosys, said, "Digital natives have an incredible

advantage as the capabilities, skills and culture needed to continuously

experiment, learn and adapt are intrinsic in their organizational DNA. In

contrast, incumbent enterprises must digitally transform, and at greater clock

speed in the next normal. Infosys Living Labs helps them be digital-on-demand

when their own digitalization is picking up pace and the full benefits of their

transformation are yet to be realized."

    Infosys Living Labs partners with the venture capital investment arms of

global enterprises to mutually enrich portfolios of tech innovators on the one

hand and bring the value of more innovations to more enterprises, on the other.

    "We are excited to partner with Infosys to help our portfolio companies

scale new heights by providing them access to Infosys' global client base.

Infosys brings its rich heritage of delivery excellence and Global access to

our portfolio companies. We are a growth investor in lighthouse technologies

and Infosys Living Labs provides a great opportunity to bring best in class

technology innovations to clients while de-risking the adoption of startup

solutions for Infosys clients," said, Matthew Koertge, Managing Director,

Telstra Ventures.

   About Infosys

   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.

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    Source: Infosys