San Francisco, California, USA and Bangalore, India – February 2, 2018:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced its partnership with the World Economic Forum Center for the Fourth Industrial Revolution, a San Francisco-based hub dedicated to maximizing the benefits and minimizing the risks of emerging technologies.
As a founding partner in the Center’s IoT and Connected Devices project, Wipro will play an integral role in creating a framework for the ethics, values and regulations of IoT-related technology. In this role, Wipro will further assist organizations in their goal of successfully implementing IoT technologies and platforms across their global businesses.
The Center, which opened in March 2017, is part of the World Economic Forum and committed to co-designing and piloting innovative approaches to the policy and governance of Fourth Industrial Revolution technologies. Center partners, including Salesforce, Microsoft, ABB and others, represent an exclusive and select group of global companies with a keen focus on how new age technologies like artificial intelligence (AI) and IoT are revolutionizing the way people live and work.
Jayraj Nair, Vice President and Global Head of IoT, Wipro Limited said, “As a founding partner of the Center for the Fourth Industrial Revolution, we look forward to co-creating IoT solutions at the intersection of design, strategy and technology. This partnership enables us to bring WEF’s best-in-class resources, network, and solutions to our global clientele, while our presence in Silicon Valley provides WEF with an active and well-connected partner, dedicated to leveraging IoT technologies to create a safe, connected, and sustainable future."
The partnership marks the next step in Wipro’s ongoing commitment to the broader IoT ecosystem, as evidenced most recently by the launch of its Silicon Valley Innovation Center in Mountain View. Wipro also recently released a report, titled “Vision 2030: A Connected Future,” which examines IoT’s role in driving a sustainable environment.
“The Center is an accelerator for impact,” said Murat Sonmez, Head, World Economic Forum Center for the Fourth Industrial Revolution. “We are moving quickly to ensure we can maximize the benefits and minimize the risks of emerging technology. We are excited to have Wipro’s expertise and scale to help tackle these opportunities.”
During World Economic Forum 2018 in Davos, Switzerland, Jayraj spoke at the Wipro Pavilion about the company’s connected ecosystem of products and services, and how it is delivering human-shaped experiences. Jayraj’s session, where he speaks specifically about IoT security and how IoT is creating a sustainable future, can be accessed at wiprodigital.com.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
About World Economic Forum Center for the Fourth Industrial Revolution
Drawing on the World Economic Forum’s global convening power, community creation and insight generation, the Center for the Fourth Industrial Revolution in San Francisco aims to accelerate cross-sector cooperation for Fourth Industrial Revolution governance. The Center will develop, pilot and scale agile and human-centred governance tools that can be adopted by policy-makers, legislators and regulators worldwide to address challenges related to emerging technologies. Find out more at https://www.weforum.org/center-for-the-fourth-industrial-revolution/ and follow us on Facebook, Twitter and LinkedIn.
Ruder Finn on behalf of Wipro Digital
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World Economic Forum Center for 4th Industrial Revolution
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Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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 our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain 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, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We 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. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.