Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, in collaboration with East China Normal University (ECNU) and Renmin University of China (RUC), today announced the establishment of a Data Science Joint Lab. The lab will be located in the East China Normal University campus in Shanghai, and will be open to students majoring in computer science.
The Data Science Joint Lab will focus on research and development of commercial solutions in the areas of data science and big data analytics. Through this joint initiative, Infosys, ECNU and RUC, will give students in China an opportunity to discover new technologies, skills and inspire them to innovate to find new ways to utilize big data.
The creation of this lab is a part of Infosys’ strategy to explore new areas of innovation, by bringing students and others in the IT industry together to pursue a passion for lifelong learning and to solve complex business problems faced by businesses. Through this lab, Infosys will carry out data science related workshops and teaching activities, support research leading to innovations in the use of big data, and cultivate talent, which will in turn contribute to the social and economic development of China.
Dr. Vishal Sikka, Chief Executive Officer and Managing Director, Infosys:
"Our notions of enterprise applications have become limited over the years. It is time for a rethink. As almost all major industries get disrupted by the data sciences and associated technologies, it is time to build great, intelligent and adaptive applications, in unprecedented new areas of business. Especially, the purposeful ones - the ones that move us forward, as they help bring to life the power of data and software to transform our world and our lives. The ECNU – RUC – Infosys Data Science Joint Lab will pursue this mission."
Professor Aoying Zhou, the Dean of Data Science and Engineering Institute, ECNU:
"We are delighted to partner with Infosys on industry-relevant research in data science through this lab. Big data is undoubtedly going to play a significant role in the future of innovation and we are excited to work closely with Infosys and RUC to build and establish a best-in-class big data research lab in a few years."
Professor Xiaoyong Du, the Dean of Information Institute, RUC:
"The establishment of this joint lab has a profound impact on multiple aspects. From the perspective of science, data science is now a hot topic for research and we have high expectations of the research results of the joint lab. In addition to this, China and India are both Asian countries and the two largest developing countries in the world, and we have long history in mutual cooperation. The joint effort in research into data science and education will instill new energy into the mutual cooperation between the two countries. The joint lab is not only limited to conducting theory research, it will also focus on how to apply theory into practice and technical solutions."
About Infosys China
Infosys is a global leader in consulting, technology, and outsourcing and next-generation services. Infosys Technologies (China) Co., Ltd is a wholly owned subsidiary of Infosys Limited, aiming to provide customers with extensive service covering technical consulting, application development, system integration, testing, IT infrastructure service and business process outsourcing etc. We have deep expertise in various domain and own multiple delivery centers with on- time delivery rate of more than 98%. We also have leading partners in finance, manufacturing, retail, energy industry.
For more details, please click:
East China Normal University (ECNU), founded in Shanghai in October 1951, is one of the most prestigious universities in China and is sponsored by the national programs “Project 211” and "Project 985". At present, the University has 22 schools and colleges, and 5 advanced research institutes, with 58 departments offering 70 undergraduate programs in humanities, education, science, engineering, economics, management, philosophy, psychology, law, history and art. Besides that, the University also offers 26 doctoral programs of the State Primary Disciplines, 38 master's programs of the State Primary Disciplines, one professional doctoral program, 17 professional master's programs and 18 post-doctoral mobile research stations.
Renmin University of China is a research-oriented comprehensive university focusing on humanities and social sciences. It is directly under the Ministry of Education of China and is jointly financed and supported by China’s Ministry of Education and the Beijing Municipal government. The total number of RUC graduates in Renmin University exceeded 250, 000. According to the 2013 Chinese University Evaluation Report 2013, RUC alumni number tops the List of Chinese Central Committee Members, ranks the second in the List of Scientists in Humanities and Social Sciences, and the third in the List of Distinguished Alumni, the List of Important Statesmen, and the List of Donation.
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.