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Infosys opens innovation hub at Hartford in US
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SME Times News Bureau | 06 Dec, 2018
Global software major Infosys on Thursday said it had opened a
technology-cum-innovation hub at Hartford in Connecticut state in the US
to work for its clients in the region.
"The Hartford hub will
help us to work closely with our clients in the region and serve as the
global hub for our InsurTech and HealthTech efforts," said the
city-based IT firm in a statement here.
InsurTechAis, a
portmanteau (combination) of insurance and technology, derived from
fintech, a hybrid term for financial technology where IT is used to
deliver financial services.
Similarly, HealthTech is the use of
technology like databases, applications, mobiles and wearables to
improve delivery, payment and consumption.
As part of its May 2,
2017 strategic decision to hire 10,000 Americans by 2023 to bridge the
IT skills gap in the US, the $11 billion firm has recruited about 7,000
of them during the last 18 months across the country.
The hiring
of Americans is seen as a fallout of US President Donald Trump's
executive order on H1-B visas in April 2017 as clients in North America
contribute about 60 per cent of the company's software export revenue
annually.
The hub will have Living Labs for the future of
insurance, healthcare and manufacturing. It will also help organizations
learn through making and bring expertise in technologies like
blockchain, extended reality and cognitive capabilities with design
thinking, agile and DevOps.
As a systems development methodology
to combine software coding with IT operations, DevOps shortens the
development lifecycle while delivering features, fixes and updates in
alignment with business objectives.
"The Hartford technology and
innovation hub is an important milestone in our efforts to help American
enterprises revitalise their core businesses," said Infosys Chief
Operating Officer U.B. Pravin Rao on the occasion.
The new hub,
along with the company's five other hubs across the US, will help to
collaborate with its clients for developing cross-functional digital
solutions to their business needs.
Creating potential for about
1,000 jobs at Hartford, the software behemoth has become a corporate
partner to the city and the state (Connecticut).
"Joined by our
partners in the government, academia and business, the hub will enable
our clients in the region to go for rapid digitization in diverse
sectors such as insurance, healthcare and manufacturing," said Infosys
President Ravi Kumar in the statement.
The company's other five
hubs are at Indianapolis in Indiana, Raleigh in North Carolina,
Richardson in Texas, Phonex in Arizona and Providence in Rhode island.
"As
we have a world-class workforce and education system, employers have
started to take notice. The capital region (Hartford) has seen several
employers make their presence in the past year, while incubators have
popped up to support our technology industry," said Connecticut Governor
Dannel Malloy.
By collaborating with clients and developing
academic partnerships to foster talent, Infosys is addressing business
challenges while transforming Hartford into a tech hub and a destination
for the techies of the future.
"From InsurTech to advanced
manufacturing to digital health, as Hartford is building momentum,
Infosys will be a part of the innovation system to partner with local
academia for training our students and create jobs for them," said
Hartford Mayor Luke Bronin.
The company is also setting up its US
Education Centre at Indianapolis in mid-west Indiana state to prepare
its American employees for the tech jobs.
The first phase of the centre is expected to be completed by 2020.
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