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Published on 6/12/2018 12:32:08 PM | Source: Dion Global Solutions Ltd

Infosys inaugurates Hartford Technology, Innovation Hub

Posted in Stock Market| #Infosys Ltd #IT Sector #Stock Market

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IT consulting company, Infosys on Thursday said that,” its Technology and Innovation Hub in Hartford. Infosys also announced that it has hired more than 7,000 American workers in the last 18 months as part of its ongoing commitment to accelerate the pace of digital innovation for American enterprises,” in a filing to Bombay Stock Exchange. “The Hartford Hub, located at 225 Asylum Street in the Goodwin Square Building, will help Infosys work more closely with its clients in the region and will serve as the global Hub for Infosys’ InsurTech and HealthTech efforts.

The Hub will feature Living Labs for the Future of Insurance, the Future of Healthcare and the Future of Manufacturing amongst others. The Living Labs help organizations learn through making. They bring together expertise in business and technologies such as blockchain, extended reality and cognitive capabilities with techniques like design thinking, agile and devops. The Living Labs enable rapid experimentation and exploration of innovation efforts,” the company said. “The inauguration of our Hartford Technology and Innovation Hub is an important milestone in our ongoing efforts to help American enterprises revitalize their core businesses,” said Infosys COO U.B. Pravin Rao. “This Hub, along with five other hubs around the country, will help us to seamlessly collaborate with our clients to develop agile, cross-functional digital solutions to today’s most pressing business needs.

We are very pleased to continue expanding our presence in Connecticut and thank both Governor Malloy and Governor-Elect Ned Lamont for their support,” added Rao. “In the months since the announcement that Infosys would put down roots in Connecticut and create over 1,000 jobs to Hartford, they have already become strong corporate partners,” Governor Malloy said. “We are thrilled to inaugurate our Harford Hub today, joined by our partners in government, academia, and business,” said Ravi Kumar, President, Infosys. “Infosys’ decision to make Hartford a major innovation center is great news for Connecticut and for the Capital City, and it accelerates the work we’ve done to make Hartford a hub for innovation in our core industries,” said Hartford Mayor Luke Bronin. “We’re intently focused on advancing our digital agenda, and we’re making investments in technology, people and partnerships to accelerate innovation across the company,” said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. “There has been a lot of great work over the past few years to ensure Hartford’s position as a premier destination for InsurTechs and strengthen its ability to attract top talent. The opening of the Infosys Technology and Innovation Hub is further evidence of the strides being made and an important step for the community,” Alan said. “We are excited to officially welcome Infosys to Hartford, marking an important milestone in the revitalization of our capital city,” said Stanley Black & Decker’s CEO and President Jim Loree. Infosys previously announced a partnership with Trinity College to create new educational programs that will prepare liberal arts students and Infosys employees for the digital workplace of the future. Such partnerships form an important part of Infosys’ broader commitment to workforce development and solving the STEM skills gap in the United States. Infosys’ strategy relies on building a holistic recruitment pipeline that extends beyond traditional computer science degrees, recruiting individuals from a diverse set of backgrounds and disciplines. Through a relentless focus on training and continuous education, Infosys is working to develop talent pools organically in the communities where the company operates. Infosys’ commitment to education also extends to the company’s charitable foundation, Infosys Foundation USA. In Connecticut, the Foundation has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, these grants have reached 3,728 students, 41 teachers, and 30 schools across the state.

Infosys Foundation USA has recently partnered with the Hispanic Heritage Foundation, providing a grant to create a comprehensive K-8 Spanish language computer science education pathway for Spanish English Language Learner (ELL) students in the US with pilot programs being launched in Hartford, Connecticut. The shares of Infosys Ltd. were trading at 672.45 apiece, low at 1.32 per cent, on the BSE at 10:35 hours.