Wipro Infrastructure Engineering (WIN), a division of Wipro Enterprises, aims to achieve $1 billion in growth by leveraging AI and the government's focus on manufacturing. WIN has seen early success with data analytics after acquiring Linecraft.ai, which has enabled customers to increase efficiencies by 7%-15%. By leveraging data analytics, WIN has been able to reduce costs, extend the lifespan of consumables, adjust inventory, and predict demand forecasts across its five businesses. WIN's industrial automation business, PARI, aims to generate $1 billion in revenues within the next three years and has made three acquisitions, including Linecraft.ai. The automotive sector's shift towards electrical mobility and the growth of warehousing logistics are expected to fuel PARI's expansion. WIN is well-positioned to achieve its growth targets and contribute to India's manufacturing sector. [50eb43b3]
Wipro Infrastructure Engineering (WIN) is leveraging AI to enhance its manufacturing operations and aims to reach $1 billion in revenues by 2025. The strategic acquisition of Linecraft.ai has already increased operational efficiencies for WIN's clients. The use of IoT and AI provides a competitive edge, enabling cost reduction and enhanced demand forecasting. WIN's growth strategy includes a focus on the industrial automation business, PARI, which encompasses half of the division's revenues. The global AI in manufacturing market is expected to grow at a CAGR of over 50% from 2021 to 2026. WIN's acquisition of Linecraft.ai and integration of AI technology strengthens its competitive position. The confluence of AI and IoT creates a smarter manufacturing environment. WIN's investment in industrial automation, particularly in electric mobility and warehousing logistics, positions the company for exceptional growth. Challenges in AI deployment include data privacy concerns, high initial investment costs, and the need for a skilled workforce. WIN's dedication to staff development and recruitment reflects their acknowledgment of the need for AI experts. WIN's utilization of AI showcases a modern approach to manufacturing that prioritizes data-driven intelligence. [c1bc00fb]
sAi Capital, Pakistan's first venture capital firm focused on Advanced Engineering Companies, has led a strategic investment in wAI Industries, along with its partner, Plutus21. This investment will equip wAI Industries with the resources to deliver large, frontier enterprise technology projects. wAI Industries focuses on developing custom AI models and products, and has collaborated with one of the largest compliance software companies in the world. The CEO of wAI Industries, Abu Abdullah Ashar, emphasizes the importance of building proprietary AI models fueled by enterprises' unique data assets. The CEO of sAi, Ahsan Jamil, highlights the alliance's goal of unlocking success stories for established technology companies. The collaboration between sAi Capital and wAI Industries has the potential to redefine the venture capital and private equity landscape in Pakistan and propel the country's AI sector to become a prominent player on the global stage. [d4a3c170]
IT firm Wipro has signed a multi-year, multi-million-dollar contract with Nokia to develop an AI-powered solution for enhancing digital workplace support. The project involves constructing a cloud-based solution to serve Nokia’s global workforce of approximately 86,700 users across 130 countries. The solution aims to improve the employee experience by providing modular, secure, and automated services, including an omni-channel, always-on global service desk. The deal is expected to leverage Wipro's cloud-based expertise and design-led approach to provide Nokia employees with highly personalized support. The contract was announced on May 1, 2024. [730cc26e]
Hanesbrands Inc. has chosen Wipro Limited to drive its digital transformation and enhance long-term profitability. The deal extends the partnership to leverage Wipro's capabilities in application management, cybersecurity, intelligent automation, and artificial intelligence. Wipro will define the client's cloud roadmap and support the integration of business functions to optimize operations. The company will also bring in next-gen tools and services to improve the client's product lifecycle processes and deliver faster time-to-market. Hanesbrands aims to become a digital and data-driven enterprise to drive growth and profitability. Wipro's deep understanding of the business and industry will help them realize their goals and deliver better value to customers. [d2f51a5c]