SAN FRANCISCO, September 30, 2014 /PRNewswire/ --
Infosys, a global leader in technology, consulting and
outsourcing, today announced a strategic relationship with the
Institute for Computational & Mathematical Engineering (ICME),
Stanford University. Through this
arrangement, Infosys will work with ICME to develop curriculum in
Data Science and Analytics focused on real-world problem areas and
will undertake joint research using Data Science to find solutions
to key industry issues.
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Highlights:
- Infosys and ICME will design curriculum tailored to meet
industry-specific needs for Data Science and Analytics. These
modules will draw upon identified needs of customers drawn from
Infosys' engagement with enterprises across industries
- Infosys and ICME will undertake joint research to apply Data
Science and Analytics to solve industry issues
- Through this arrangement, Infosys will also gain access to
talent at ICME.
- Infosys will also encourage more students from Stanford to participate in its globally renowned
internship program, InStep, and explore career opportunities with
the company
Quotes:
Dr. Vishal Sikka, Chief
Executive Officer and Managing Director, Infosys:
"Rapid advances in computing and technology have placed many
powerful algorithms only a few clicks away. Gaining meaningful
insights from large volumes of data has however become harder, as
the deluge of data continues to outpace the gains in technology.
Our clients inform us that their great challenge is to fuse domain
and business knowledge with algorithms and machine learning. I am
confident that our relationship with Stanford will strengthen the foundations of data
science for our clients and for Infosys through training on cutting
edge technologies and algorithms. We look forward to conducting
meaningful research with world-class researchers on issues of most
importance to our clients and their business of today and
tomorrow."
Prof. Margot Gerritsen,
Director, Institute for Computational and Mathematical Engineering,
Stanford University:
"We are grateful for Infosys's support of the Institute for
Computational and Mathematical Engineering (ICME). Our institute
develops computational and mathematical models to solve complex
problems, ranging from optimization problems to flow physics, from
financial mathematics to the geosciences, from uncertainty
quantification to recommender systems and machine learning."
About Infosys
Infosys is a global leader in consulting, technology and
outsourcing solutions. We enable clients, in more than 30
countries, to stay a step ahead of emerging business trends and
outperform the competition. We help them transform and thrive in a
changing world by co-creating breakthrough solutions that combine
strategic insights and execution excellence.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY),
with US$8.25billion in annual
revenues and 160,000+ employees, is Building Tomorrow's Enterprise®
today.
Safe Harbor
Certain statements in this release concerning our future growth
prospects are forward-looking statements regarding our future
business expectations intended to qualify for the 'safe harbor'
under the Private Securities Litigation Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results to differ materially from those in such forward-looking
statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties
regarding fluctuations in earnings, fluctuations in foreign
exchange rates, our ability to manage growth, intense competition
in IT services including those factors which may affect our cost
advantage, wage increases in India, our ability to attract and retain
highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional
conflicts, legal restrictions on raising capital or acquiring
companies outside India, and
unauthorized use of our intellectual property and general economic
conditions affecting our industry. Additional risks that could
affect our future operating results are more fully described in our
United States Securities and Exchange Commission filings including
our Annual Report on Form 20-F for the fiscal year ended
March 31, 2014 and on Form 6-K for
the quarter ended June 30, 2014.
These filings are available at http://www.sec.gov. Infosys may,
from time to time, make additional written and oral forward-looking
statements, including statements contained in the company's filings
with the Securities and Exchange Commission and our reports to
shareholders. In addition, please note that the date of this press
release is mentioned at the beginning of the release, and any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of this date. The
company does not undertake to update any forward-looking statements
that may be made from time to time by or on behalf of the company
unless it is required by law.
SOURCE Infosys