Wipro (WIT) Gets 6.7% Boost From New AI-Powered Model

We recently published 10 Big Names Already Crushing This February. Wipro Ltd. (NYSE:WIT) was one of the top performers on Monday.

Wipro snapped a three-day losing streak on Monday, jumping 6.75 percent to close at $2.69 apiece as investors repositioned portfolios following the launch of a new AI-powered operating model to support operations of its enterprise customers.

Called Wipro Intelligence, Wipro Ltd. (NYSE:WIT) said that the new product would combine advisory, AI, and enterprise transformation services and would bring end-to-end accountability across core functional areas namely people and change, supply chain and operations, finance transformation, as well as sales, marketing, and customer experience.

“Enterprises today are struggling to modernize operations amid outdated models and stalled transformation efforts, with AI hype that isn’t translating into results and consulting-to-execution journeys that remain fragmented and slow,” said Wipro Ltd. (NYSE:WIT) Managing Partner and Consulting Head Amit Kumar.

“By bringing our functional consulting expertise together with business process services, we are providing clients with a persona-based, end-to-end enterprise transformation strategy anchored in a functional context. This holistic strategy-to-execution journey allows clients to realize measurable value faster and generate real impact from AI initiatives,” he added.

Based in Bengaluru, Wipro Ltd. (NYSE:WIT) is one of the largest technology service providers in India, which also supports businesses across 65 countries.

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Disclosure: None. This article is originally published at Insider Monkey.