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Economic Times
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India offers stable talent pipeline for global tech: Unisys
- India provides a stable and consistent pipeline of talent necessary for the technology industry in the world, amid the disruptions caused in supply chains facing the sector.
- US multinational technology solutions company Unisys, which has operated in India for about the last 25 years expects to open a new office in Gurugram next year, adding to its five existing offices in Bengaluru, Hyderabad, and Gurugram.
- The company has the largest share of its workforce, at 25%, in India. India provides a unique combination of scale, quality, and energy for companies operating in the country.
- Unisys logged a revenue of about $2bn in the fiscal year 2023, growing at 1.8% year-on-year. The company invests in artificial intelligence (AI) – it has 125 projects underway, and has seen about a 50% productivity boost in application development.
- The key for advancement is to marry AI with quantum computing, according to Unisys' CEO, Peter Altabef
- India's quantum computing expertise is being tapped into to build such solutions.
- Quantum annealing for post-quantum cryptography is seen as an opportunity that will enhance protection of assets.
- India's enormous energy needed to run AI programs, and competition for top talent, remain major challenges for Unisys, despite benefits from Indian expertise in AI and quantum computing.
- Unisys is committed to hiring talent from about 200 universities it has forged a relationship with over the years, further boosting the supply of talent.
- Unisys Innovation Programme has resulted in significant internship and employment opportunities for students as much as 50% submissions are AI-related.
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