Infosys (INFY) to develop Bloomberg Digital Economy Index
12:31, 17 November 2021
Indian software giant Infosys said Wednesday that it will collaborate with business news provider Bloomberg Media to create a so-called Bloomberg Digital Economy Index.
The new index will measure investment by global technology officers (CTOs) and chief information officers (CIOs) into major technology categories, per a 17 November regulatory filing.
“Up-to-the minute global data will help track growth around technology’s impact on demand for future skills across industries and markets. The index will (also) equip enterprise decision-makers and emerging leaders with insights to navigate an increasingly digital future,” the statement said.
When and where will it be available
The software exporter said the index will roll out in 2022. Data provided by Infosys’ insights engine will power the index across Bloomberg Intelligence, Bloomberg Businessweek and other Bloomberg Media digital channels. The index will also be integrated into the Bloomberg Surveillance programming on Bloomberg TV.
The insights engine aligns with Bloomberg Media’s goal to deliver new, data-driven content to a wider audience of global business leaders, through brands including Bloomberg Green, Bloomberg Equality, and new programming on the streaming news network Bloomberg Quicktake, the software developer added.
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The partnership leverages Infosys' “powerful AI technology to activate the Bloomberg Digital Economy Index, a first-of-its-kind measurement of technology investment", said Bloomberg Media chief executive Justin Smith. "These insights will empower business leaders with real-time, actionable data for critical decisions.”
“We are excited to partner with Bloomberg Media to help them transform their editorial experience with contextualized digital insights and deliver immersive business journalism to their readers – many of whom are also our clients,” Infosys chief executive Salil Parekh commented.
Earlier in the day, Infosys’ shares finished flat at INR1,787.45 on the National Stock Exchange (NSE). The IT services provider has a market capitalisation of around INR7.6trn on the NSE, where its stock has advanced some 42% so far this year.
Infosys American Depository Receipts (ADRs) are down less than 1% in US pre-market trading.