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Wipro Recognized as a 'Leader' in AI Services for the Second Consecutive Year by Everest Group

Posted On : 2022-07-26 18:04:32( TIMEZONE : IST )

Wipro Recognized as a 'Leader' in AI Services for the Second Consecutive Year by Everest Group

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced that it has been named a 'Leader' in the Artificial Intelligence (AI) Services PEAK Matrix® 2022 by Everest Group. This is the second consecutive year that Wipro has been recognized for its vision, capabilities, and market impact.

The report acknowledges Wipro's balanced industry approach to AI solutions, which combines strong in-house capabilities under Wipro Holmes with a partner-centric approach that leverages capabilities of hyperscalers and niche AI technology providers to bring the best-of-breed solutions to clients. Renowned as a front-runner in the domain of Responsible AI, Wipro's mature suite of offerings, including ETHICA (aka Holmes for Trustworthy AI) helps enterprises move toward the responsible adoption of AI.

Mukund Kalmanker, Vice President and Global Head, AI Solutions, Wipro Limited, said, "This recognition underscores our commitment to deliver results for our clients by leveraging our deep industry expertise and experience. We are relentlessly focused on helping our customers reimagine their business, drive accelerated growth, and become resilient and disruption ready."

Nitish Mittal, Partner, Everest Group, added, "Artificial Intelligence (AI) has become vital in enterprises to accelerate recovery from the pandemic and create a more resilient future. Coupled with this growth is the need to embed responsibility in AI systems, which spans from explainability and regulatory compliance to sustainable AI. With data becoming a critical competency, enterprises are also employing concepts such as collaborative data ecosystems, federated learning and multi-party computing, among others. Wipro has developed an expansive ETHICA framework that is helping clients take a proactive and informed approach toward the responsible adoption of AI. Its partner-centric approach, which is supported by an expansive partnership network and its vast portfolio of verticalized solutions catering to high-growth verticals, has helped Wipro strengthen its position as a Leader in Everest Group's Artificial Intelligence Services PEAK Matrix® Assessment 2022."

Shares of Wipro Limited was last trading in BSE at Rs. 405.20 as compared to the previous close of Rs. 414.65. The total number of shares traded during the day was 221335 in over 7106 trades.

The stock hit an intraday high of Rs. 415.50 and intraday low of 404.35. The net turnover during the day was Rs. 90254099.00.

Source : Equity Bulls


Wipro INE075A01022 WIT Leader AritificialIntelligenceServices PEAKMatrix2022 EverestGroup