Wednesday, February 1, 2017 6:04PM IST (12:34PM GMT)
Wipro Joins the Industrial Internet Consortium
Mountain View, California, United States & Bangalore, Karnataka, India
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has joined the Industrial Internet Consortium® (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). This membership provides Wipro opportunities to engage and innovate with multi-partner testbeds and adopt best practices to drive digital transformation for customers.
Wipro is a recognized leader in the Internet of Things (IoT) space, leveraging connected assets for the transformation of enterprise business, services and processes. IoT is a key enabler of Wipro Digital’s transformation strategy for its customers. Wipro Digital, the digital business unit of Wipro, is an innovation-led, digital transformation partner built for today’s digital challenges. Wipro has expertise in all stages of the IIoT system-development lifecycle across industry sectors such as Industrial Manufacturing, Healthcare OEMs, Retail, Oil & Gas, Utility and Transportation.
The Industrial Internet Consortium coordinates ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data. It uses common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.
Jayraj Nair, Vice President & Global Head – IoT, Wipro Limited said, “IoT is an ecosystem play. We strive to deliver genuine business value with robust and scalable industrial IoT solutions that are built in partnership with our ecosystem. IIC facilitates accelerated multi-partner IIoT solution development and enables us to collectively lead this transformation journey for our global clients.”
Dr. Richard Soley, Executive Director, Industrial Internet Consortium said, “Wipro brings years of experience building distributed and IoT solutions for many industry players. We’re excited to be part of Wipro's focus on IoT and look forward to Wipro's participation in our testbed and architecture program.”
Dr. Henning Banthien, Secretary General, Industry 4.0 said, “We have a robust partnership between Plattform Industrie 4.0 and Industrial Internet Consortium and look forward to Wipro’s participation in the IIC to enable interoperability between our RAMI4.0 and the IIC Reference architecture. This will accelerate the process of building global solutions for global companies.”
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) 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.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients 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.