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Infosys opens innovation hub at Hartford in US

IANS  |  Bengaluru 

Global software major on Thursday said it had opened a at in state in the US to work for its clients in the region.

"The hub will help us to work closely with our clients in the region and serve as the global hub for our InsurTech and 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 where IT is used to deliver

Similarly, 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 Donald Trump's order on H1-B visas in April 2017 as clients in contribute about 60 per cent of the company's annually.

The hub will have Living Labs for the future of insurance, and 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 objectives.

"The technology and innovation hub is an important milestone in our efforts to help American enterprises revitalise their core businesses," said 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 to their needs.

Creating potential for about 1,000 jobs at Hartford, the 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, and manufacturing," said in the statement.

The company's other five hubs are at in Indiana, in North Carolina, Richardson in Texas, Phonex in and Providence in

"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

By collaborating with clients and developing academic partnerships to foster talent, Infosys is addressing challenges while transforming Hartford into a tech hub and a destination for the techies of the future.

"From InsurTech to advanced 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

The company is also setting up its at in mid-state to prepare its American employees for the tech jobs.

The first phase of the centre is expected to be completed by 2020.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 13:06 IST