Infosys to Develop Quantum Computing Capabilities on AWS
Infosys (NSE: INFY) announced a strategic collaboration with Amazon Web Services (AWS) on September 22, 2021, to develop quantum computing capabilities. This partnership will utilize Amazon Braket to create and explore quantum use cases in various sectors including logistics and finance. The collaboration enhances Infosys Cobalt, aimed at accelerating cloud services for enterprises. Infosys aims to prepare businesses for future quantum impacts, thereby fostering innovation and addressing complex computational challenges.
- Collaboration with AWS to explore quantum computing capabilities.
- Utilization of Amazon Braket for developing quantum use cases.
- Focus on sectors like logistics and finance for future innovations.
- Strengthening of Infosys Cobalt to enhance cloud services.
- None.
Infosys Cobalt and Amazon Braket will enable businesses to begin exploring the potential of quantum computing
BENGALURU, India, Sept. 22, 2021 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings. Amazon Braket is a fully managed quantum computing service that helps scientists and developers get started with the technology and accelerate research and discovery.
Infosys will look to build, test, and evaluate quantum applications on circuit simulators and quantum hardware technologies using Amazon Braket. This will enable researchers and developers to experiment and study complex computational problems as quantum technologies continue to evolve. Enterprises will get access to use cases for rapid experimentation and can explore how quantum computing can potentially help them in the future in a variety of areas, assess new ideas and plan adoption strategies to drive innovation. The use of Amazon Braket by Infosys aims at getting businesses ready for a future where quantum computers will impact business.
The Infosys Center for Emerging Technology Solutions (iCETS), which focuses on the incubation of next-generation services and offerings, is using Amazon Braket to develop quantum computing use cases in vehicle route optimization, fraud detection, and more. Infosys is also exploring partnership opportunities with startups in the quantum computing space through the Infosys Innovation Network (IIN). This collaboration further bolsters Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey. It offers 14,000 cloud assets and over 200 industry cloud solution blueprints.
Ravi Kumar S, President, Infosys, said, "Infosys continues to be at the forefront of exploring and bringing new technologies to clients. Through our use of AWS in this space, we are bringing together the power of Amazon Braket and Infosys Cobalt to help enterprises build quantum computing capabilities and use cases to accelerate their cloud-powered transformation. We are exploring a variety of use cases from the logistics, finance, energy, and telecom sectors that can help clients evaluate future benefits and value that quantum computing could bring to their business. Enterprises can look forward to solving their various complex computational challenges with Infosys Cobalt and Amazon Braket."
Matt Garman, Senior Vice President of Sales & Marketing at Amazon Web Services, Inc, said, "Quantum Computing is an area of intense research, and a number of businesses around the world are asking about its timeline and the opportunities that it could open. At this stage, it's important to be aware and evaluate the potential future impact of quantum computing. Infosys, a long-standing for AWS Premier Consulting Partner, has experience in incubating emerging technology solutions. We see this collaboration as an important step towards setting the right expectations when discussing business problems with customers where quantum computing could have a role."
For more information on the collaboration visit: https://www.infosys.com/services/cloud-cobalt/insights/whats-next-quantum-computing.html
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
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