Infosys CEO Dr. Vishal Sikka Keynotes at GE's Minds & Machines Conference Today
SAN FRANCISCO, Sept. 30, 2015 /CNW/ - Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced that it will create new Internet of Things (IoT) solutions, which will help derive practical benefits from massive amounts of data generated through connected devices in the industrial enterprise.
Infosys has collaborated with GE, a digital industrial company, and others to develop these solutions, designed to help manufacturers and other industrial enterprises improve asset efficiency and build more intelligent linkages between design, production and field testing.
The Industrial Internet Consortium (IIC), an international body of industries, governments and academics focused on developing best practices for the Industrial Internet, recently approved two Infosys-led testbeds*:
- Asset Efficiency Testbed: This enables holistic monitoring, analysis and optimization of critical infrastructure assets. The first use case focuses on predictive maintenance for an industrial asset such as aircraft landing gear. A demonstration will be showcased at the GE's Minds & Machines conference today. The Asset Efficiency Testbed team included Infosys, GE and other industry partners.
- Industrial Digital Thread Testbed: This creates more intelligent linkages between the three phases of manufacturing - design, production and field testing/service. By capturing, analyzing and relaying real-time sensory and historical data at each of these phases, the Industrial Digital Thread (IDT) will generate insights that can help field engineers and service teams identify the root cause of component failure easily, and provide faster corrections to flaws in design engineering and manufacturing operations. IDT leverages two open-standard big data analytics engines - the Infosys Information Platform (IIP), which provides in-memory data analytics and big data management, and GE's Predix platform that delivers data acquisition, processing and user interface and application development. IDT has been co-developed by Infosys and GE, and will be implemented first as a pilot project at GE Aviation.
Bill Ruh, Chief Digital Officer, GE Digital
"The Industrial Internet Consortium was established to help organizations break down the barriers of technology silos and support better integration of the physical and digital worlds. We see brilliant manufacturing as the next wave of Industrial Internet innovation, following asset performance management. We are excited about our most recent collaboration with Infosys to advance these two areas and drive increased efficiency and productivity for industry."
Dr. Vishal Sikka, Infosys Chief Executive Officer
"The internet of things is about dissolving the layers of complexity and the intermediaries that create distance between the point of manufacturing and the point of consumption, between understanding and preventing points of failure in the manufacturing process, in machines or in critical processes, and between what the customer wants and what is delivered. The value comes from bringing intelligence directly to these end-points, and in doing this we can completely reimagine the notion of industrial manufacturing, and every industry, and we look forward to doing much more in our work with GE in these areas."
Dr. Sikka will deliver a keynote address at GE's Minds & Machines conference in San Francisco today.
* The Industrial Internet Consortium defines a testbed as "a controlled experimentation platform, conforming to an Industrial Internet Consortium reference architecture, where solutions can be deployed and tested in an environment that resembles real-world conditions. Testbeds explore untested technologies or existing technologies working together in an untested manner. Testbeds generate requirements and priorities for standards organizations, and culminate in new (potentially disruptive) products and services."
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 179,000+ 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, 2015. 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: Asia Pacific: Sarah Gideon, Infosys, India, +91 80 4156 3998, Sarah_Gideon@infosys.com; EMEA: Paul de Lara, Infosys, UK, +44 2075162748, Paul_deLara@infosys.com; Americas: Cristin Balog, Infosys, USA, +1 (650) 320 4126, Cristin_Balog@infosys.com