Mumbai: Infosys Ltd. has collaborated with Shell Global Solutions International BV as the commercialisation partner of the ‘Shell Inventory Optimizer’ solution.
This will be the first product offered by the alliance to their energy customers.
The Shell Inventory Optimizer leverages artificial intelligence (AI) to enable companies to optimise warehouse inventory levels based on historical consumption. And by improving demand planning, the solution reduces the time and labour required to complete maintenance operations and brings down the cost of operation.
Infosys and Shell have had a long-standing relationship since the 2000s.
"Shell Inventory Optimizer was one of our earliest global digital products and has delivered millions of dollars in benefits for Shell, helping us to safeguard operations through inventory rightsizing," Dan Jeavons, vice president for computational science and digital innovation at Shell, said in a statement. The collaboration enables Shell to accelerate the development of this product and develop new and innovative features, he added.
The Shell Inventory Optimizer product will allow Infosys’ clients to leverage emerging tech in order to get deeper insights on their assets, Executive Vice President Ashiss Kumar Dash said. It will also help them progress on their journey to become carbon neutral, he said.
On Wednesday, Infosys shares rose 0.28% to Rs 1,702.60 apiece on the BSE while the benchmark Sensex ended the day 0.43% lower at 59,771.92 points.