Wipro plans to invest in robotics, artificial intelligence: Report

Wipro plans to invest in robotics, artificial intelligence: Report

Sep 08,2014   11:07 Hrs IST

In a bid to boost internal innovation, Wipro has reportedly identified focus areas and has also allocated budgets for these. Among others, it is investing in innovation in cognitive technologies, artificial intelligence, man-machine interface, robotics, smart devices and open source. These could become revenue-accretive in two to five years. Over recent months, the company has increasingly shown interest in benefiting from innovation in the technology system. A few months earlier, it followed the footsteps of some global peers by setting up a venture capital fund to look at investing in early-to-middle stage technology start-ups globally. Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.