The global IT, BPM and consulting company Wipro has announced that it has joined the Industrial Internet Consortium, the "global, member-supported organization that promotes the accelerated growth of the industrial internet of things (IIoT)".
Wipro is well known for the services it provides as an information technology and business process outsourced service provider. As the outsourcing industry becomes increasingly threatened by automation and other related factors, Wipro has been focused on added IoT capabilities to its repertoire. To date, Wipro offers IoT services that "enable remote monitoring for millions of patients", "analyze trends to create delightful shopping experiences", "pro-actively manage critical machinery" and more.
Jayraj Nair, vice president and global head - IoT at Wipro Limited commented, "IoT is an ecosystem play. We strive to deliver genuine business value with robust and scalable industrial IoT solutions that are built in partnership with our ecosystem. IIC facilitates accelerated multi-partner IIoT solution development and enables us to collectively lead this transformation journey for our global clients.”
Meanwhile Dr Richard Soley, executive director at the Industrial Internet Consortium said, "Wipro brings years of experience building distributed and IoT solutions for many industry players. We’re excited to be part of Wipro's focus on IoT and look forward to Wipro's participation in our testbed and architecture program."
Dr. Henning Banthien, the secretary general of Industry 4.0 added, “We have a robust partnership between Plattform Industrie 4.0 and Industrial Internet Consortium and look forward to Wipro’s participation in the IIC to enable interoperability between our RAMI4.0 and the IIC Reference architecture. This will accelerate the process of building global solutions for global companies."
The demand for IoT devices, systems and platforms that facilitate industries like manufacturing and construction -- or an "Internet of Tools" -- is steadily on the rise globally as the benefits of IIoT capability become clearer and more obtainable.
Major players in these industries are allegedly investing in intuitive robots and similar technologies for factory operations, resulting in a forecasted compound annual growth rate (CAGR) of 14.4% between 2016 and 2023 in this area, according to Frost & Sullivan.