Wipro’s investment of $1 billion will be allocated to areas including advancing their AI, data and analytics capabilities, and strengthening their R&D efforts and platforms.
Wipro has revealed its plans to invest more than $1 billion in enhancing its artificial intelligence (AI) capabilities in the coming three years. Alongside this announcement, the company has introduced a new strategy focused on harnessing the potential of this emerging technology.
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According to a press release, Wipro’s investment of $1 billion will be allocated to various areas. These include advancing their AI, data and analytics capabilities, strengthening their R&D efforts and platforms, improving FullStride Cloud, and developing consulting capabilities to assist clients in leveraging AI for creating additional value.
Wipro’s ai360 initiative aims to combine the expertise of their 30,000 professionals specialising in data analytics and AI with the technological and advisory ecosystem of Wipro’s four global business lines. This collaborative effort is designed to foster innovation and maximise the potential of AI within the company.
Thierry Delaporte, the CEO and MD of Wipro, highlighted the rapid progress of the field of Artificial Intelligence, particularly with the emergence of generative AI. He emphasised the anticipation of a significant transformation in various industries, encompassing new business models, work methodologies and associated challenges.
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Delaporte further stated that Wipro’s ai360 ecosystem is built to prioritise responsible AI practices, making them integral to all AI endeavours within the company. The aim is to empower their talented workforce and ensure the widespread adoption of responsible AI across operations, processes, and client solutions.
As part of its AI initiative, Wipro plans to provide training to its entire workforce of 2,50,000 employees on AI fundamentals and responsible AI usage within the next year. Furthermore, the company intends to offer additional training programs specifically tailored for employees in AI-specialised roles. Wipro will develop a comprehensive curriculum that outlines the AI learning path for different job functions, enabling employees to acquire the necessary skills and knowledge to navigate the AI landscape effectively.
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Upon the completion of the AI curriculum, Wipro plans to credential its employees using the decentralized identity and credential exchange (DICE) ID platform. This platform will enable employees to showcase their acquired skills and credentials. Additionally, Wipro will leverage its talent crowd platform, Topcoder, to conduct hackathons and challenges. These initiatives will foster continuous upskilling opportunities for employees, allowing them to stay updated with the latest advancements in AI and further enhance their expertise.
