Infosys joins hands with Shell to market 'Shell Inventory Optimizer' solution

The AI-powered solution will be the first product offered by the duo to its energy customers.

Global leader in next-generation digital services and consulting, Infosys Limited announced today that it has entered into a strategic collaboration with Shell Global Solutions International BV (Shell), as the commercialization partner of its ‘Shell Inventory Optimizer’ solution. 

Through this collaboration, the duo will launch ‘Shell Inventory Optimizer’ as the first product offered to its energy customers. The solution leverages artificial intelligence that enables companies to optimize warehouse inventory levels based on historical consumption. By improving demand planning, this innovative solution reduces the time and labour required to complete maintenance operations and brings down the cost of operation. 

This collaboration will further strengthen the long-standing relationship that has existed between the two companies since the 2000s. 

Speaking on the announcement, Ashiss Kumar Dash, EVP and Segment Head - services, utilities, resources, energy at Infosys said, “The Shell Inventory Optimizer product will not only enable our clients to leverage emerging technologies in order to get deeper insights into their assets but will also help them progress on their journey to become carbon neutral by bringing in operational efficiency by reducing wastage of raw materials. We are excited to bring Shell Inventory Optimizer solution to market and look forward to maturing our strategic collaboration with Shell.” 

At 3.37 pm on Wednesday, the stock of Infosys Limited was trading at Rs 1703 per share, up by 0.30 per cent or Rs 5.15 per share on BSE, against a 0.43 per cent decline in the benchmark index. The 52-week high is recorded at Rs 1,848.25 and the 52-week low is Rs 1,057.75on the BSE.