Infosys teams up with Finnish firm to offer new AI framework for enterprises
Infosys Ltd, India’s second-largest software services exporter, has tied up with Finland-based engineering firm Pöyry Plc to offer a new version of its artificial intelligence (AI) framework for industry, utilities and infrastructure enterprises.
The new framework, called Krti 4.0, addresses the lifecycle management challenges enterprises face in operational technology systems, the company said in a statement.
The new version applies AI, cognitive and machine learning, and Machine to Machine (M2M) capabilities to the industrial environment. It reduces system maintenance costs and operation shutdowns. It also improves reliability as well as employee and environmental safety, the statement said.
According to the statement, the new framework uses predictive and prescriptive analytics and provides enterprises with real-time inputs for maintaining their operational technology systems.
“In Krti 4.0 real-time data from critical assets are converted into information with computing and business intelligence algorithms enabling prescriptive decision making,” said Richard Pinnock, president of the energy business group at Pöyry.
Pöyry provides consulting and engineering services to clients in the energy and industrial sectors through its 115 offices in 40 countries.
Infosys’ AI framework is powered by Nia software, which was launched in 2017. It collects enterprise data from people, processes and systems and feeds into a self-learning algorithm to automate repetitive business and IT processes, reducing human interference.
“In the digital world, our clients need to leverage their assets to create tangible RoI (return on investment) in a short time,” said Infosys engineering services head Nitesh Bansal. “Our IoT (Internet of Things) services are focused on impacting top line and bottom line, leveraging capabilities to remote-monitor products and assets, prevent breakdowns and analyze data to optimize performance across the production system.”
Infosys, like many other top-tier Indian tech companies, has been beefing up its AI capabilities. Last month, for instance, Infosys decided to form a joint venture with Singapore state investment firm Temasek to strengthen its skills in AI and other emerging technologies. In August, Infosys hired John Gikopoulos as the global head of its AI unit.