Infosys (INFY) and the Australian Open team up for digital innovation
Infosys INFY recently announced a five-year partnership extension with Melbourne-based tennis tournament Australian Open (“AO”), to harness Big Data and Analytics, Artificial Intelligence (“AI”), Reality virtual and Cloud.
The contract, extended until 2026, aims to improve the tournament experience for fans, players, coaches, partners and the media. Infosys will provide enhanced broadcast statistics, that is, information and insight to analyze the game of tennis differently. Based on historical tournament records, pressure point measurements and other metrics, it will help improve tennis fans’ engagements globally.
In accordance with the agreement, Infosys and AO will jointly develop new digital tools for the benefit of AO shareholders. Thanks to the IT Major’s Tennis Platform, an open-source polycloud platform designed to be plug-and-play, fans will be able to take virtual seats on the court and dive deep into the match data they’ve got. love.
Infosys’ Shot of the Day AI will continue to post jaw-dropping moments from multiple matches. The platform uses machine learning to quickly identify match highlights, using multiple objective (such as fastest serve) and subjective data points (player emotion, crowd reaction and the crucial nature of the shot). in the context of the match). Additionally, players and coaches will continue to enjoy the advanced training videos from Infosys AI.
In addition, tennis teams will take advantage of Infosys Springboard, a digital learning platform, to improve their digital skills and strengthen inclusion initiatives to help under-represented communities.
Infosys limited price and consensus
Infosys Limited price-consensus-chart | Infosys limited quote
Infosys intends to deliver 360 visions of digital experience for the tournament over the next decade through an end-to-end design assessment of AO fans’ digital touchpoints. This collaboration underscores the company’s commitment to fostering the enhancement of digital skills to support the digital experiences of its fans.
Infosys has strengthened its digital transformation capabilities to extend and consolidate its position in the highly competitive environment. It enables clients in more than 45 countries to create and execute strategies for their digital transformation. Such efforts in the digital transformation sector will help the company compete with peers like Accenture and Cognizant.
However, Infosys is grappling with growing anti-outsourcing sentiments in some countries. Higher subcontracting costs and the revision of the company’s remuneration with variable remuneration and higher incentives weigh on margins. Currency volatility between the Indian rupee and the US dollar remains a major concern.
Zacks rank and actions to consider
Infosys currently wears a Zacks Rank # 3 (Hold).
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