Wipro partners Industrie 4.0 for digital transformation business
One of the leading global information technology, consulting and business process services companies, Wipro, on Monday, announced that it has entered into a strategic partnership with i4.0MC - Industrie 4.0 Maturity Center GmbH (I4.0MC), Germany, to boost digital transformation in manufacturing companies.
I4.0MC is an integral part of the world-renowned RWTH Aachen Campus and 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, implements 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.
The statement released by Wipro said that 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.
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."
Shares of Wipro opened at Rs. 246.60 against previous close of Rs. 246.90 on the BSE. The stock hit an intraday high of Rs. 247.40 and intraday low of 244.05. At 1308 hours, the stock was trading at Rs. 245.15, down by 0.71 percent.