Will Apply its Expertise in Predictive Analytics to future IIC Testbeds
Bangalore, May 14, 2015
Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced it has joined the Industrial Internet Consortium (IIC), an open membership group established to improve the integration between the physical and the digital worlds and accelerate the adoption of Internet of Things. The goal of the Consortium is to amplify the development and availability of connected, intelligent industrial automation.
In the Industrial Internet Consortium, Infosys will focus on the development of future IIC testbeds with key ecosystem partners, leveraging its expertise in predictive analytics as applied to maintenance, operations, information, service and energy. Its work on predictive analytics solutions for asset efficiency will be anchored on open-source and open-access ingredients for rapid innovation by the community. Testbeds are central to the Consortium’s mission to support innovation and new ideas. They enable member companies to collaborate on new solutions and test these in real -world conditions.
Infosys recently announced the launch of the Infosys Information Platform, an open-source-based analytics engine. This has already been deployed to support industrial enterprises to improve the maturity of their Industry 4.0 implementations.
Sudip Singh, Global Head, Engineering Services, Infosys
“The industrial Internet enables enterprises to use technology to amplify their physical environments in new and unprecedented ways. Membership of the IIC enables us to bring the lessons we have learnt from deploying solutions at the intersection of atoms and bits. We will leverage our open-source-based analytics platform and IOT capabilities to enable the creation of smart, connected machine-to-machine systems that will transform the maturity of cyber-physical deployments.”
Dr. Richard Mark Soley, Executive Director, Industrial Internet Consortium
“The Industrial Internet Consortium (IIC) is delighted to welcome Infosys as a Large Industry Member. Infosys has deep and broad experience in software - the key ingredient to building Internet of Things solutions for industrial systems, and brings an expertise that will be central to future successful IIC testbeds.”
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 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 www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 176,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
Certain statements in this press 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 our Forms 6- K for the quarters ended June 30, 2014, September 30, 2014 and December 31, 2014. These filings are available at 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. 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.
For further information, please contact: PR_Global@infosys.com