Wipro Infra Engineering counting on AI tech boom, govt’s manufacturing push to reach $1 billion mark
Wipro Infrastructure Engineering (WIN), industrial engineering division of billionaire Azim Premji’s Wipro group, is betting on artificial intelligence (AI) and the government’s manufacturing push to drive its $1-billion growth plans as it plans to accelerate its automation business, top executives said.
WIN has seen initial success in data analytics following the acquisition of Linecraft.ai about a year ago, which has helped its customers increase efficiencies in the 7%-15% range, Pratik Kumar, managing director and CEO of Wipro Enterprises, told ET.
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Linecraft adds an IoT (internet of things) layer to its business and Kumar finds it as a significant opportunity from a differentiation standpoint.
“This has also pushed us to develop and build our own models to have our own forecasting mechanisms,” he said.
“We have been tracking our own projections and also customer projections, and there is almost a 92% accuracy. This makes you believe that this module with some refinements can actually work,” Kumar said, adding that this is helping WIN reduce costs and extend life of consumables, adjust inventory, and predict demand forecasts among others across its five businesses.
Founded four decades ago in 1976, WIN
