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Artificial intelligence to amplify digital transformation: Vishal Sikka

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San Francisco: The digital transformation can best be achieved by adopting automation and artificial intelligence (AI) and the growing symbiosis between Infosys and Oracle is going to help achieve this goal faster than ever, said Infosys CEO Vishal Sikka.

Addressing a gathering of top innovators at Oracle’s OpenWorld 2015 conference here on October 27, Sikka emphasised on how AI can be a great amplifier to simplify and enable existing landscapes as well as build intelligent systems that help us solve our most complex emerging problems.

“The world is looking at providing services in a better way. I observe three major shifts – focus on experience among consumers, emergence of AI and the ultimate cloud phenomenon,” he added.

Sikka also announced that the Infosys Finacle’s core banking solution – running on new and secure Oracle SuperCluster M7 microprocessor – has set a new record for the number of banking transactions processed.

“The solution supported more than two billion bank accounts with near linear scalability. The results showcase Finacle’s capabilities to manage extraordinarily large transaction volumes to help banks cater to their growing business demands at reduced costs,” he said.

The tests were conducted across a mix of delivery channel transactions that could originate from branches, ATMs, online and mobile channels.

According to Ganesh Ramamurthy, senior vice president (product development) at Oracle, the SuperCluster M7 microprocessor and SPARC T7 and M7 systems offer breakthrough technology for memory intrusion protection and encryption.

“Infosys’ latest Finacle results on SuperCluster M7 demonstrate the superior performance, efficiency and security capabilities of SPARC M7 with Oracle Database 12c and WebLogic Server 12c for critical banking functions,” he explained.

According to Sikka, their future strategy will not be completed without the help from Oracle and its diverse portfolio.

“We together are creating a sort of symbiosis. Infosys is emerging as a great change agent and we are collaborating with Oracle in innovations in java,” he said.

He also spoke about AiKiDo – a new offering that comprise three enhanced service offerings in knowledge-based IT (KBIT), platforms and design thinking.

Infosys has deployed a number of systems that replicate human decision-making in areas such as financial service regulation and ticketing of IT issues, thus enabling productivity improvements by up to 40 percent and saving customers millions of dollars annually.

In addition to this, Infosys is working with global clients to use artificial intelligence to address business challenges.

Infosys is utilising artificial intelligence techniques to solve complex engineering problems in design, testing, and certification of complex engineering products.

“I am optimistic that artificial intelligence techniques will help us solve next-generation problems, and that humans will play the most important part in this process,” Dr Sikka added.

Infosys has delivered nearly 30 projects for clients using artificial intelligence. Many of these first projects have been in manufacturing and financial services.

Infosys is currently developing solutions based on artificial intelligence to solve complex problems in the engineering space.

(Nishant Arora,IANS)

 

 

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Software Major Infosys Projected as Top Employer in APAC Region

Established 28 years ago, Top Employer Institute recognises excellence in people practices

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Infosys
Office building of Infosys. Pixabay

Software major Infosys has been projected as a top employer in Australia, Japan and Singapore across the Asia-Pacific region in 2020, by the Top Employer Institute in recognition of its excellence in hiring practices.

“Organizations certified as top employers provide best working environment for employees through ‘people-first’ HR practices, as they are subjected to a rigorous selection process by the Dutch Institute,” the city-based IT behemoth said in a statement.

Encompassing 100 queries, covering 600 people development practices, the assessor has evaluated talent strategy, workforce planning, talent acquisition, on-boarding, learning and development and performance management.

Leadership development, career and succession management, compensation and benefits and culture also were part of the evaluated topics in certifying the $11 billion IT company.

Infosys office
Employees queue up infront of Infosys office. Wikimedia Commons

“We are committed to enhancing our human resource practices and building collaborative workplaces – as we believe this benefits not only our people, but also our clients, and the community at large,” said Infosys chief operating officer U.B. Pravin Rao in the statement.

Rao said the honour demonstrates Infosys’ focus on localisation and approach to help clients navigate their digital transformation journey.

Also Read: Walmart, Flipkart Jointly Invest in Ninjacart Startup: Report

Top Employer Institute has certified and recognised more than 1,500 employers in 118 countries.

Established 28 years ago, Top Employer Institute recognises excellence in people practices. (IANS)