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Infosys Living Labs drives digital innovation for over 100 global enterprises

Infosys Living Labs drives digital innovation for over 100 global enterprises
Photo Credit: 123RF.com
5 Aug, 2021

Bengaluru-based information technology (IT) services major Infosys said on Thursday that its Living Labs programme is being leveraged by over 100 global enterprises to accelerate digital innovation.

Led by Infosys Center for Emerging Technology Solutions (iCETS), Living Labs helps create innovative solutions for clients by contextualizing emerging technologies. It leverages design thinking, technology, and design capabilities of the Infosys innovation ecosystem to incubate and deploy with speed, scope, and scale.

This ultimately gives customers an opportunity to have an on-demand multi-tiered digital infrastructure -- complete with technology, processes, people, and an innovation ecosystem -- to continuously experiment, learn, adapt, and be future-ready.

“...incumbent enterprises must digitally transform, and at greater clock speed in the next normal. Infosys Living Labs helps them be digital-on-demand when their own digitalization is picking up pace and the full benefits of their transformation are yet to be realized,” Ravi Kumar S, president at Infosys, said in a statement.

Infosys Living Labs addresses the need for emerging technology-led-business-innovation through interventions such as ideation workshops, visualization engagements, and rapid prototyping.

It also carries out idea events, hackathons, and trends sensing.

“Infosys Living Labs, with its capabilities in innovation, has been instrumental in helping us accelerate this journey,” Turkka Kuusisto, president and CEO of Finnish postal service Posti Group Oyj, said while commenting on the benefits of the programme.

In the first quarter of financial year 2021-2022, the IT firm had recorded large deal signings worth $2.6 billion. Meanwhile, its consolidated net profit for the same period stood Rs 5,195 crore, up 22.7 per cent year-on-year, and revenue grew 17.9% YoY to Rs 27,896 crore.