Infosys (INFY) Launches Skava Commerce To Boost Portfolio
Zacks Investment Research | Sep 27, 2016 09:42PM ET
Leading technology services and consulting firm, Infosys Limited (NYSE:INFY) , expanded its portfolio with the launch of Skava Commerce, a modular e-commerce platform. This platform is expected to aid clients in improving their omni-channel experiences.
Of late, innovation has become Infosys’ key business strategy. The company fulfils this objective by developing its next-generation AiKiDo offerings (the acronym for Artificial Intelligence, Knowledge-based IT and Design thinking). Launch of the Skava Commerce is part of enhancing the innovation quotient to attract more customers.
A Sophisticated e-Commerce Platform
Skava Commerce, developed by Infosys’ operating unit – Skava – is a highly sophisticated mobile-first e-commerce platform built on cloud-based microservices. This will empower business enterprises to come up with new offerings, improve digital channel’s conversion rates and create responsive digital properties.
Leveraging on artificial intelligence, machine learning, natural language processing and virtual reality, Skava commerce will transform users’ shopping experiences. This platform will primarily assist retail clients roll out new applications. It will also enhance customer satiation by delivering a consistent performance across multiple channels.
Skava Commerce comes with a host of advanced features, including mobile-first responsive web store, native mobile shopping applications, user-friendly interface and source code license. Further, it possesses a scalable technology that can seamlessly regulate traffic to provide satisfactory customer experience.
At present, retailers have been encumbered by a lot of information technology issues, preventing them from timely prototyping, testing and launching new digital offerings. Skava Commerce eliminates these difficulties without making any hefty investments.
Skava Commerce Prospect Looks Bright
Infosys has been steadily boosting its global consulting and integration capabilities by entering into collaborations with multiple companies including Aimia, Darden Restaurants, Inc. (NYSE:DRI) , and Vodafone Group (LON:VOD) Plc (NASDAQ:VOD) . This is expected to be conducive to Skava Commerce’s market traction. Infosys is bullish that Skava Commerce’s promising features will help it gain acceptance beyond retail and CPG industries, in domains like insurance, banking and utilities.
According to the independent technology and market research firm – Forrester Research – over the next five years, “re-platforming activities” will strongly drive the growth of e-commerce platforms. This is because online retailers are scouting for ways to make their technology more scalable and branded manufacturers continue to strengthen their direct-to-consumer digital channels. Also, the research reveals that rise in investments in applications like PIM, OMSes, experience management and advanced personalization by online investors, will further fuel Skava Commerce’s market traction.
INFOSYS LTD Price
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.