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Infosys to Develop Quantum Computing Capabilities on AWS

Posted On: 2021-09-22 22:39:05 (Time Zone: IST)


Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, today announced a strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings. Amazon Braket is a fully managed quantum computing service that helps scientists and developers get started with the technology and accelerate research and discovery.

Infosys will look to build, test, and evaluate quantum applications on circuit simulators and quantum hardware technologies using Amazon Braket. This will enable researchers and developers to experiment and study complex computational problems as quantum technologies continue to evolve. Enterprises will get access to use cases for rapid experimentation and can explore how quantum computing can potentially help them in the future in a variety of areas, assess new ideas and plan adoption strategies to drive innovation. The use of Amazon Braket by Infosys aims at getting businesses ready for a future where quantum computers will impact business.

The Infosys Center for Emerging Technology Solutions (iCETS), which focuses on the incubation of nextgeneration services and offerings, is using Amazon Braket to develop quantum computing use cases in vehicle route optimization, fraud detection, and more. Infosys is also exploring partnership opportunities with startups in the quantum computing space through the Infosys Innovation Network (IIN). This collaboration further bolsters Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey. It offers 14,000 cloud assets and over 200 industry cloud solution blueprints.

Ravi Kumar S, President, Infosys, said, "Infosys continues to be at the forefront of exploring and bringing new technologies to clients. Through our use of AWS in this space, we are bringing together the power of Amazon Braket and Infosys Cobalt to help enterprises build quantum computing capabilities and use cases to accelerate their cloud-powered transformation. We are exploring a variety of use cases from the logistics, finance, energy, and telecom sectors that can help clients evaluate future benefits and value that quantum computing could bring to their business. Enterprises can look forward to solving their various complex computational challenges with Infosys Cobalt and Amazon Braket."

Matt Garman, Senior Vice President of Sales & Marketing at Amazon Web Services, Inc, said, "Quantum Computing is an area of intense research, and a number of businesses around the world are asking about its timeline and the opportunities that it could open. At this stage, it's important to be aware and evaluate the potential future impact of quantum computing. Infosys, a long-standing for AWS Premier Consulting Partner, has experience in incubating emerging technology solutions. We see this collaboration as an important step towards setting the right expectations when discussing business problems with customers where quantum computing could have a role."

Shares of Infosys Ltd was last trading in BSE at Rs. 1716.65 as compared to the previous close of Rs. 1717.7. The total number of shares traded during the day was 100746 in over 4238 trades.

The stock hit an intraday high of Rs. 1738.75 and intraday low of 1713.05. The net turnover during the day was Rs. 173919806.


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