Enterprise AI success is about more than Large Language Models - Wipro's birthday message to clients as it enters its ninth decade
This year, Wipro celebrates its 80th birthday as well as marking 25 years since it became the first Indian IT services company to be listed on the New York Stock Exchange.
The firm just turned in another set of solid, if unspectacular, quarterly number. Total revenues of Rs 244.8 billion ($2,585.9 million) were up 10.6% year-on-year, with net income of Rs 33.6 billion ($354.6million), up only 0.6% on the same period last year.
For Executive Chair Rishad Premji, the current climate is one in which clients have moved beyond AI pilot phase and begun embedding the tech into core business processes and operations:
The focus is shifting from experimentation to execution. We are already seeing the effects of that shift in the nature of the work that we see. In operations, the role of people are shifting away from routine transaction processing towards exception handling, compliance, insight and decision support....
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