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Wipro and HERE Partner to Provide Location-Based Services and Analytics for Customers Globally
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Wipro Limited (NYSE: WIT) has partnered with HERE Technologies to enhance location-based services across various industries, including Energy, Utilities, and Logistics. The collaboration aims to develop solutions for asset tracking, logistics, smart metering, and analytics. An IoT-based smart metering solution will provide customers with improved energy consumption data. The HERE mapping-as-a-service will assist in real-time asset tracking, benefiting industries through enhanced operational efficiency and user experience. Both companies express optimism about the future of this partnership.
Positive
Partnership with HERE Technologies to develop location-based services.
Focus on asset tracking and smart metering solutions improves customer insights.
Real-time asset tracking capabilities can enhance operational efficiencies.
Negative
None.
Location planning for smart metering and field service management are key areas of collaboration
HERE Tracking to enable monitoring and tracking on a real-time basis
AMSTERDAM & BANGALORE, India--(BUSINESS WIRE)--
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, and HERE Technologies, the location data and technology platform, today announced that they are partnering to offer location-based services, to customers from Energy & Utilities, Manufacturing, Transport & Logistics, Telecom and Automotive industry verticals.
As part of this announcement, Wipro and HERE will be jointly developing solutions in the areas of asset tracking, logistics, supply chain, smart-metering and analytics, field workforce management, and private mapping-as-a-service for indoor and outdoor real-time asset tracking.
An Internet of Things (IoT) based smart metering solution being developed by both companies, will provide better information to customers on energy consumption and asset management. The HERE mapping-as-a-service solution enables enterprises to build private maps in the field and manage their autonomous vehicles more efficiently, by providing information to their drivers on routing time, speed, fuel consumption and hazardous conditions. HERE Tracking will help Wipro’s customers monitor and track assets, field engineers and supply chain on a real-time basis both indoor and outdoor, as well as provide analytics to build operational efficiencies.
Sarat Chand, Regional Head & Managing Director - Benelux, Wipro Limited said, “We are happy to be partnering with HERE Technologies to co-develop customized solutions, for customers who require location as a key component of their services. We are excited about the future of this partnership and the potential it offers in the journey towards an autonomous world.”
Jason Jameson, SVP & General Manager, APAC, HERE Technologies said, “We are delighted to be partnering with Wipro to provide location-based services for their customers on a global level. Combined with Wipro’s solutions, HERE location technology will open up further opportunities across different industries, providing customers with more relevant and customized solutions, leading to world-class user experiences.”
About HERE Technologies
HERE, a location data and technology platform, moves people, businesses and cities forward by harnessing the power of location. By leveraging our open platform, we empower our customers to achieve better outcomes – from helping a city manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. To learn more about HERE, please visit https://here.com and https://360.here.com.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control.
Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
What is the partnership between Wipro and HERE Technologies about?
Wipro and HERE Technologies are collaborating to create location-based services for various industries, including Energy and Logistics, focusing on asset tracking and smart metering solutions.
How will the partnership between Wipro and HERE benefit investors?
The collaboration is expected to enhance operational efficiencies and customer experiences, potentially driving growth and revenue for Wipro, which may positively impact investor sentiment.
What industries will benefit from the Wipro and HERE collaboration?
The collaboration targets Energy, Utilities, Manufacturing, Transport, Logistics, Telecom, and Automotive industries.
What is the significance of the IoT-based smart metering solution from Wipro?
The IoT-based smart metering solution aims to provide better energy consumption data to customers, improving asset management.
What technologies are being developed in the Wipro and HERE partnership?
The partnership will focus on solutions for asset tracking, logistics, smart metering, analytics, and private mapping-as-a-service for real-time monitoring.
