Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced its strategic partnership with i4.0MC – Industrie 4.0 Maturity Center GmbH (I4.0MC), Germany, to drive digital transformation in manufacturing companies.
I4.0MC is based out of Aachen, Germany, and is an integral part of the world-renowned RWTH Aachen Campus. It is headed by functional and technical experts of the manufacturing domain and industrial processes.
I4.0MC, which pioneers in the area of Industrie 4.0 maturity assessment, applies the acatech Industrie 4.0 Maturity Index to help manufacturing companies determine what stage of the Industrie 4.0 programs they are at. This evaluation helps companies prioritize, align and control digitization activities across the entire organization.
This partnership will promote collaboration between academia and industry thought leaders across manufacturing industries such as Automotive, Consumer Goods, Industrial Manufacturing, Oil and Gas and Life Sciences. Wipro’s experienced team of consultants, aligned to the core manufacturing industries, will support their clients through their end-to-end I4.0MC-led transformation journey.
Dipl.-Inform. Christian Hocken, MBA, Managing Partner said, “We are looking forward to the cooperation with a leading technology company. Our competencies complement each other in an ideal way. We are providing the management frameworks and tools while Wipro will be realizing the digital transformation. Together we will be able to serve our customers with tailor-made transformation projects to become a data-driven, agile company.”
Wipro helps global organizations in their Industrie 4.0-adoption journey through its comprehensive suite of offerings, which cover advisory and consulting services, industry solutions, platform services and application services. The company’s focus is to enable and support manufacturers across industries through all stages of their digital transformation journey – from assessment to implementation.
“Manufacturing organizations today have a disordered landscape of isolated POCs and prototypes that do not create any benefit to the business. Through our partnership we will help these companies define and implement the right measures to apply technology effectively,” said Dr.-Ing. Tobias Harland, Senior Manager Industrial Practice.
Harmeet Chauhan, Senior Vice President and Global Head, Industrial & Engineering Services, Wipro Limited said, “With over 20 years of experience in Industrial Automation and Shop Floor technologies, Wipro has been a prominent Industry 4.0 implementation partner for global organizations in recent years. Our EngineeringNXT offerings are based on the key Industry 4.0 pillars including real-time capability, advance Analytics with AI/ML, Decision Support Systems and Cyber Physical Systems. This partnership will help us enable the end-to-end transformation for manufacturers led by Industry 4.0 programs. Subsequently, we can roll out and implement vertical industry solutions and platforms that harness the power of machine learning and advanced analytics, unlocking new business models and revenue streams.”
About i4.0MC – Industrie 4.0 Maturity Center GmbH
The Industrie 4.0 Maturity Center is aimed at manufacturing companies that are on the verge of digital transformation and at companies that are accompanying this transformation. The acatech Industrie 4.0 Maturity Index, applied by the Industrie 4.0 Maturity Center, serves manufacturing companies as a methodical guideline to individually design the path to an agile company and to derive the necessary steps. The scientific framework of the ‘Industrie 4.0 Maturity Center’ is the ‘Industrie 4.0 Maturity Index’ developed as part of an acatech initiative. After more than a year of research by various institutes and industrial companies, the index was presented to the Academy of Engineering Sciences in May 2017 as an acatech study. The consortium combined the necessary scientific competence with flexibility and business pragmatism to achieve an international quality standard.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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.