Infosys Opens Innovation Hub at Hartford in US

Bengaluru: Global software major Infosys on Thursday said it had opened a technology-cum-innovation hub at Hartford in Connecticut state in the US to work for its clients in the region.

“The Hartford hub will help us to work closely with our clients in the region and serve as the global hub for our InsurTech and HealthTech 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 financial technology where IT is used to deliver financial services.

Similarly, HealthTech 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 President Donald Trump’s executive order on H1-B visas in April 2017 as clients in North America contribute about 60 per cent of the company’s software export revenue annually. (IANS)

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