Wipro eyes $50 million from automation only deals
The Wipro leadership has tasked the Wipro HOLMES team to bag more automation-only deals, apart from other contracts that come with a digital technology component.
The Wipro leadership has tasked the Wipro HOLMES team to bag more automation-only deals, apart from other contracts that come with a digital technology component. The company has stepped up focus on digital technology-led delivery of services.
Wipro’s HOLMES is currently applied in business operations across 350 of the company’s 1,250-odd clients.
Wipro, the fourth largest software services exporter, is investing significantly in four key areas - Digital, Cloud, Engineering Services and Cyber Security - to drive the next phase of growth.
Technology services companies are increasingly seeing customers automate their business operations to drive efficiency across markets. Companies such as TCS, Infosys, Cognizant, HCL Technologies and Wipro are scouting for more digital technology-led deals as traditional software services business slows.
"As our customers turn to Wipro for help on their digital transformations, we expect automation revenues, as part of digital programs, to grow in line," Rajan Kohli, President, Wipro Digital told ET, without disclosing details on the target.
"Digital enterprises are characterized by being experience-led, agile and working at high velocity. To achieve those outcomes, it is necessary to introduce greater levels of automation in a business,” Kohli said.
The automation is being characterized as more AI and intelligence driven, rather than being rules-based, he added.
“We see automation appearing in all lines of business across our customers, but particularly in areas such as marketing, engineering, security, HR, operations, document processing and more,” the Wipro executive pointed out.
The company reported more than 37% revenue from digital technology-led services in the first quarter of this year. Rivals such as Infosys, TCS and others are also growing revenue from digital faster than their core revenue.