Bangalore, India and East Brunswick, New Jersey, USA - September 10, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company today announced the launch of its 'WiSTA – Data Scientist' program in India, an integrated post graduate program in Analytics for the 2014 batch of engineering and Science graduates hired by Wipro as full-time employees. The Vellore Institute of Technology (VIT) will conduct the program and award the Master of Technology and Master of Science degrees in analytics.
With the rise of digital economy, data explosion, changing face of competition and unprecedented pace of innovation, it is imperative that organizations use analytical insights to make informed business decisions. According to industry estimates, organisations in the United States alone face a shortage of 140,000 to 190,000 employees with deep analytical skills. The US also requires 1.5 million managers and analysts who can analyze big data and make decisions based on the findings.
The WiSTA – Data Scientist program is an initiative aimed at creating an industry ready cadre of Data Scientists within Wipro in the information management and analytics space. These Data Scientists will work with Wipro's customers in the US and in various other international locations.
"Capturing new opportunities in the digital world hinges on our ability to have the best people in the industry. This will be achieved by offering the "talent pool" projects which excite and stimulate their intelligent minds. We believe investing in creating the frameworks to nurture the resources of the future will be in the best interests of our clients and the industries we operate in. It is an exciting program." said Jeff Heenan-Jalil, Senior Vice President and Global Head, Advanced Technologies & Solutions, Wipro Ltd.
This course, taught over weekends at Wipro’s corporate headquarters in Bangalore, comprises of various modules on analytics and is a two year program for the engineering graduates and a four year program for the Science graduates. Students are shortlisted for this program based on their previous academic performance and college ranking. The course content has been jointly created by Wipro and VIT and also includes modules prescribed and taught by professors from Massachusetts Institute of Technology (MIT) and University of Michigan. Along with a Masters’ degree from VIT on completion of this course, the graduates will also receive program completion certificates from MIT and the University of Michigan for the modules covered by them.
"The WiSTA - Data Scientist program is designed to train fresh graduate employees in analytics, business processes, communication skills and relevant technologies, to help them become industry ready and chart out a career in the Data Analytics space. This program has been designed keeping in mind the current industry requirements and to build a cadre of data driven business leaders for the future. We believe that continuous learning expedites success and innovation." said Rajeev Kumar, Global Head, Campus Hiring, Wipro Ltd.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 140,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com.
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.