East Brunswick, New Jersey, USA and Bangalore, India – August 12, 2020: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a ‘Leader’ in IDC MarketScape: Worldwide Business and Industrial IoT Consulting and Systems Integration Services 2020 Vendor Assessment.
This IDC study analysed 18 key IoT C&SI services providers for business and industrial IoT services. It is a quantitative and qualitative assessment of the characteristics that explain the success of a vendor in the marketplace. A significant component of this evaluation is the inclusion of the perception of IoT C&SI services buyers of both the key characteristics and the capabilities of these providers.
IDC noted Wipro's EngineeringNXT ability to refine existing and building new competencies keeping in mind customers' business priorities, growth focus, and proprietary frameworks and strategy to enable customers to increase adoption for these services as particular areas of strength.
The report further highlights - “Wipro's IoT-led digital transformation approach is focused on bringing together end-to-end capabilities and solutions for customers and helping them in all aspects of IT-OT integration through product engineering, connectivity, cloud platform engineering, applications build, advanced data analytics and artificial intelligence, enterprise systems integration, and remote command center operations. Wipro has built a partnership ecosystem with market leaders in the IoT space across the edge, network, cloud, and enterprise tiers that enables Wipro to deliver solutions in line with evolving customer needs and technological advancements.”
Mukesh Dialani, Program Director of Product Engineering and Operations Technology/Services, IDC said, “Wipro is a Leader in this category, and is well positioned to refine existing competencies in addition to building new ones for its customers. Wipro, through its EngineeringNXT initiative provides a unique proposition combining over 35 years of engineering DNA with the depth and breadth of technologies, mature processes, and innovation. It offers IT/OT solutions and services through a diverse ecosystem to deliver value to customers at every stage of digital transformation.”
Santhosh Madathil, Global Head - Internet of Things (IoT) Practice, Industrial and Engineering Services, Wipro Limited said, “We are excited to achieve this leadership positioning in IoT. It bears testimony to our EngineeringNXT vision of leveraging IoT to transform enterprise businesses and processes. Wipro's IoT engineering services and solutions span across industries including energy and utilities, manufacturing, healthcare, pharma, consumer, retail, smart infra and transportation. The service offerings derive valuable insights using Wipro HOLMES™ Artificial Intelligence (AI) and Machine Learning (ML) to enable operational efficiency and enhance customer experience. Our IoT solution architects and domain consultants support customers across strategy consulting, implementation, systems integration, and managed services.”
Wipro’s Industrial and Engineering Services (IES) is the driver for our Engineering Services portfolio. IES facilitate over 500 clients across multiple industries / verticals with a platform to innovate and engineer products, platforms and technologies at scale. This platform of services offerings combines the maturity of engineering processes, the passion for latest technology and the access to a diverse ecosystem to deliver value to customers at various stages of the product or platform life cycle. This is termed as “EngineeringNXT” by Wipro.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,100 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company.
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 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. For more information, please visit www.wipro.com.
Wipro Forward-looking and Cautionary Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, 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. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. 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.