Infosys has signed a Memorandum of Understanding (MoU) with Saudi Arabian petroleum and energy company Aramco, to collaborate on human resource (HR) technology.

The companies will create solutions related to HR data and analytics, scale the use of automation tools and enhance employee experience through artificial intelligence (AI) technologies.

Infosys will leverage AI to bolster Aramco’s employee learning and development experiences and reduce skill gaps. This will help Aramco unlock talent to match people to opportunities in the company.

The collaboration also intends to work on analyzing how automation can optimize repetitive tasks related to HR management through AI-powered learning, reducing time and effort in training delivery.

AI-powered analysis will aim to provide insights, track return on investment and support Aramco with algorithmic decision-making to spot trends and identify relevant recruitment channels.

“Infosys’ programs for learning and development have been acknowledged and benchmarked globally and we take great pride in them. Through this collaboration, we intend to bring our digital expertise and tools to Aramco’s HR practice to deliver a world-class employee experience,” says Ashiss Kumar Dash, EVP & Global Head - Services, Utilities, Resources and Energy, Infosys.

Recently Infosys plunged 9.40 percent in trading - its biggest single-day drop in three years - after weaker-than-expected March quarter earnings coupled with a cautious outlook prompted investors to dump technology stocks.

Infosys is the second-largest Indian IT company, after Tata Consultancy Services, by 2020 revenue figures, and the 602nd largest public company in the world, according to the Forbes Global 2000 ranking.