Infosys to focus on product innovation, double hiring

Global software major Infosys Ltd would focus on product innovation to accelerate design and development of its offerings for meeting the next generation market needs, the IT bellwether said Thursday.

“To develop products and platforms through cutting-edge engineering innovation, we will double the strength of our research and development (R&D) centre to 1,000 in the next two years,” Infosys Labs head Subu Goparaju said in a statement here.

Outlining the mandate, Goparaju said the R&D facility would create intellectual properties (IP) around its products and platforms by leveraging technologies in cloud computing, mobility, analytics and social media.

“We will pioneer unique approaches to accelerate innovation, enhance product architectures and shorten release cycles in line with market needs, which are driven by global mega trends, including digital consumers, emerging economies, new commerce and healthcare,” Goparaju observed.

Among the analytical products the R&D centre developed for the industry is the supply chain performance management suite, which provides an enterprise wide view of the supply and demand chain performance to enhance collaborative decision-making and shorten cash-to-cash cycle.

“Similarly, our scalable distributor integration platform for retail and consumer goods businesses connects multiple partners and allows them to exchange, cleanse and harmonise raw data using advanced business logic and algorithms.

“Optimised on a cloud computing system, the ‘Distributor Connect’ integrated platform enables improved demand forecast, ensures on-time delivery and stock replenishment and reduces non-productive inventory,” Goparaju pointed out.

The R&D facility also designed and developed an omni-channel personalisation engine to enhance shopping experience for digital consumers while they browse and shop online.

“The product utilises machine learning algorithms, analytics and distributed file systems to process huge amounts of data around demographics, social opinion, peer purchase history and co-shopping. Its intelligence helps businesses analyse and understand consumer behaviour in a digital world and influence suggestive selling to drive business growth,” company’s vice-president for products, platforms and solutions Sanjay Purohit said.