Sumit Virmani, EVP & Global Chief Marketing Officer, Infosys, said, “This strategic collaboration will showcase our AI, digital, and analytics prowess, elevating the fan experience, while enhancing Formula E’s sustainability goals.”
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Infosys has completed the acquisition of InSemi, which is semiconductor design and embedded services provider, to strengthen expertise in Engineering R&D services in semiconductor.
Infosys said “This collaboration helps accelerate Infosys’ Chips-to-Clouds strategy, by brining niches design skills at scale and will also pair seamlessly with existing investments in AI/Automation platforms and industry partnerships.”
The IT giant also announced a strategic three-year partnership with the ABB FIA Formula E World Championship, the global motorsport championship for electric cars, as its official Digital Innovation Partner. Through this collaboration, Infosys will provide in-race analytics, unlock fan engagement experiences, and enhance sustainability reporting and tracking for the Formula E championship.
The partnership between Infosys and Formula E will focus on three core areas: fan growth, technology innovation, and continued environmental stewardship.
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Infosys Share Price Target
Infosys stock was down by around 1% on May 10, and settled at Rs 1425.15 apiece on BSE, as compared to the previous day close at Rs 1438.75 apiece. The scrip opened at Rs 1438.75 apiece, reaching a high of Rs 1436.95 apiece and a low of Rs 1413.15 apiece.
The stock is down by -14.64 per cent in the last three months but the stock is up by 99.03% in the past five years.
According to the Kotak Institutional Equities report of May 10, the brokerage firm has given a ‘buy’ rating at the CMP of Rs 1,440 apiece and set the target price as Rs 1,750 apiece with an upside of 22%.
Partnership Between Infosys & Formula E
Creating a new Fan Customer Data Platform: With the aim of engaging 500 million fans by 2030, Infosys will help build an AI-powered Fan Customer Data Platform for Formula E to unlock deep fan engagement and personalization opportunities, allowing Formula E to better serve its growing global fan base.
In-race insights and Driver Statistics: Leveraging Infosys Topaz , an AI-first suite of offerings using generative AI technologies, the collaboration aims to provide real-time insights and real time driver statistics during races, enhancing the overall viewing experience for fans.
