Infosys Relies On Digital Transformation, Teams Up With SAP
Zacks Investment Research | Oct 02, 2019 10:28PM ET
Infosys (NYSE:INFY) unveiled its strategic program Innov8 to boost its digital transformation of enterprises using SAP SE (NYSE:SAP) digital solutions.
Reportedly, the company is in talks with SAP to co-develop a go-to-market engagement model between its Innov8 program and SAP's project Embrace that will help providing digital solutions to enterprises.
The alliance is expected to help Infosys develop into one of SAP's first global strategic service partners for project Embrace, which is devised to increase the enterprise customer uptake of cloud and digital technologies from SAP.
Digital Transformation: A Tailwind
Infosys has been attempting to strengthen its digital transformation capacities for expanding and bolstering its position in the highly competitive landscape.
The company is assisting its clients in more than 45 countries to create and execute strategies for their respective digital transformations. CEO Salil Parikh has also been focusing more on investments in digital technologies ever since he assumed office.
We note that Infosys is looking to establish a powerful ecosystem of digital specialists to better serve clients across all verticals in realizing their primary need for digital transformation. Reportedly, Infosys has built solutions, driven by AI and machine learning to target digitizing the data supply chain.
IDC expects spending on technologies and services that enables digital conversion of business practices, products and organizations to reach $1.97 trillion in 2022.
We therefore believe that the company’s initiatives in this regard will favor its top line going forward.
Infosys Limited Revenue (TTM)
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