IDC MarketScape recognizes Wipro's end-to-end smart manufacturing transformation capabilities

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced it has been positioned as a Leader in the IDC MarketScape: Worldwide Smart Manufacturing Service Providers 2021 Vendor Assessment (Doc # EUR147689021, June 2021). The independent assessment analyses service providers supporting end-to-end smart manufacturing programs and transformation initiatives with consideration of worldwide service capabilities.

The IDC MarketScape defines smart manufacturing as the continuous process by which enterprises leverage cyberphysical convergence and digital skills to develop the production capabilities necessary to compete in the modern economy. Wipro was positioned as a Leader for its portfolio mix which spans innovation and product life cycle (strengthened by the acquisition of ITI), factory implementation and execution, supply chain and warehouse operations, physical automation and robotics (bolstered by the acquisition of PARI) and focus on AI-driven value. This strategic portfolio has helped Wipro acquire new clients and expand scope with existing ones.

Lorenzo Veronesi, Associate Research Director for Smart Manufacturing Strategies at IDC, said, "Faced with today's business complexity, and the need to balance factory capability with volatile demand across elongated and dynamic supply chains, manufacturers need to harmonize, supervise, and coordinate execution activities across the company's and its suppliers' manufacturing operations - with a greater level of real-time visibility."

Ashish Saxena, Vice President and Sector Head, Manufacturing, Wipro Ltd., said, "Wipro has developed a comprehensive portfolio of Industry 4.0 solutions and services that help clients accelerate their manufacturing transformation agenda. This recognition from the IDC MarketScape accentuates the significant investments made in our Industry 4.0 and smart manufacturing capabilities which has enabled us to drive high impact transformation for our customers."

The report evaluated the capabilities of 12 global IT services firms in the smart manufacturing space. The IDC MarketScape noted, "IDC analysis and customer opinion finds that Wipro has a competitive edge in asset digitalization-led factory transformation, to the point that it has been selected for IT/OT projects against direct competitors and over automation providers.

Shares of Wipro Limited was last trading in BSE at Rs. 646.85 as compared to the previous close of Rs. 645.45. The total number of shares traded during the day was 335153 in over 8724 trades.

The stock hit an intraday high of Rs. 651.75 and intraday low of 638.85. The net turnover during the day was Rs. 216970727.00.

Source : Equity Bulls

Keywords

Wipro INE075A01022 WIT IDCMarketScape VendorAssessment