BANGALORE, India, July 27, 2017 /PRNewswire/ --
Awards for innovative prototype products & services for communication service providers
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced it participated in six of the 32 Catalysts at TM Forum Live - winning three of the seven Catalyst Awards at the annual flagship communications industry event, held in Nice, France. The Awards recognized Infosys' open innovation to co-create commercially viable prototypes of new digital services and business models.
The three winning Catalysts:
A platform for IoT and Anything as a Service: This Catalyst focused on how operators can attract ecosystem partners to co-create new digital services beyond connectivity through the platform business model. Infosys worked with Vodafone and was recognized for its outstanding performance. The focus was on delivering agility, experience and efficiency to communication service providers and exposing TM Forum Open APIs to third party developers to create new revenue streams enabled by network slicing, edge computing and a service marketplace.
"This Catalyst has brought several leading industry players together to show how platform business models together with orchestration and closed-loop assurance can deliver innovative new services and new revenue streams to our industry," said Dr. Lester Thomas, Chief Systems Architect, Vodafone Group. "Infosys played an invaluable role in the overall architecture, and in particular, defining the Open APIs and contributing enhancements to the Open API programme."
Joint Agile Delivery - Phase II: In this Catalyst, Infosys was recognized for 'Outstanding Use' of TM Forum Assets and worked with AT&T, Orange, Telecom Italia. This Catalyst has been recognized for continuing efforts towards contributing APIs and processes to TM Forum and has a vision for a 'standardized and platform-based' approach to developing and delivering world-class software that capitalizes on cross-organizational synergies to dramatically improve time to market, quality and cost.
"Seamless Joint Agile Delivery across complex partner ecosystem is going to be key for rapid service innovation, delivery and operations. Infosys, along with other major industry partners, collaborated on this catalyst to provide a standardized and platform based approach for service validation and service assurance for Virtual Network Functions (VNFs) and associated Network Services from different suppliers," said Michel Valette, Tests and Diagnostics Domain Manager, Orange & Stream Leader, Operations Centre of the Future, TM Forum. "Infosys leveraged their rich capabilities on machine learning and artificial intelligence to provide closed loop adaptive service assurance for dynamic network services coming from different partners."
Logical Factory: Virtualizing Manufacturing for Agility: This Catalyst, developed with BT, Telecom Italia and TWI, built on a prior award-winning Catalyst - the Smart Industrial Manufacturing: Robots as a Service, which demonstrated the use of TMF's Open-APIs in the Industrial Internet-of-Things domain to order and configure Robots-as-a-Service. In this enhanced version, the scope was expanded to the entire manufacturing and maintenance process lifecycle. TM Forum recognized this Catalyst project in the category for 'Outstanding Ecosystem Design' using CurateFx - TM Forum's digital ecosystem design and management SaaS solution.
"We thank Infosys for being a key participant in our recent 'Logical Factory - Virtualizing Manufacturing for Agility' catalyst project which was demonstrated at the TM Forum Live! 2017. Infosys' contribution in this project enabled us to evolve in our approach to utilize innovative thinking around Industry 4.0, IoT, and connectivity to overcome current challenges in various manufacturing industries. Infosys' commendable effort and focus in developing the concept played a key part in the team winning the 'Outstanding Ecosystem Design Using CurateFx'," said Darren Williams, Welding Systems Lead, TWI.
TMF Catalysts are quick, member-driven, proof-of-concept projects which leverage TM Forum's best practices and standards, connect service providers, technology suppliers, and global enterprises to create innovative solutions that address industry challenges. More than 100 member companies participated in the 2017 Catalyst projects which spanned across Open APIs, SDN & NFV, digital health, data monetization, customer experience management, smart cities, the Internet of Everything among others.
Nik Willets, Chief Executive Officer, TM Forum, said, "Infosys has made significant investments to enhance its knowledge base in new and emerging technologies. Winning three awards for Catalyst projects proves that Infosys is a knowledge partner capable of defining next-generation products and services for communication service providers. The company is also an early adopter of TM Forum's Open API initiative."
Mr. Rajesh Krishnamurthy, President and Head of Energy, Utilities, Telecommunications and Services, Infosys, said, "We are focusing on developing new technologies and opening new revenue streams for CSPs. We embarked on this journey by being the first systems integrator to sign up for TM Forum's Open API initiative. Our technology focus and collaboration with like-minded partners is accelerating innovation and delivering results. The three awards for catalyst projects at TM Forum Live! demonstrate our commitment to delivering innovative products and services to our clients."
About Infosys Ltd.
Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 198,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.
Safe Harbor
Certain statements mentioned in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations 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 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, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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, 2017. 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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Sarah_Gideon@infosys.com Margherita.DiCerbo@infosys.com Chiku.Somaiya@infosys.com
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