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The next decade will be the age of AI

AI has taken a quantum leap in FY23 and shall continue to do so over the next 10 years. Rishad A Premji, chairman, Wipro Limited says it all in his company’s annual report FY23.

“FY23 was a pivotal year for technology, with artificial intelligence taking a quantum leap. While we have been long familiar with AI-powered products (think predictive text, digital personal assistants, chat bots), OpenAI’s ChatGPT and Dall-E brought discussions about the use of generative AI emphatically into the public domain.

The next decade, we believe, will be the age of AI. We have been investing ahead of the curve to understand AI and leverage its power inside Wipro, and to create solutions for our clients.

To stay ahead in the Generative AI space, we scaled our AI Center of Excellence, partnered with several leading GenAI providers and academia for research and development, and invested in AI pilots to build our own foundational models.

For two years now, Wipro’s Generative AI Center of Excellence has conducted research with leading academic institutions, built accelerators and solutions, frameworks like WeGA (Wipro Enterprise Generative AI), developed competency through the Wipro AI Academy, and executed key pilot programs for our clients. Our AI practice has created several cross-industry solutions, including text summarization and literature mining to synthesize large amounts of enterprise data, automated code conversion from legacy to modern languages, and built marketing accelerators that generate product descriptions and enhance search optimization. As with every emerging technology, AI will impact our professional, personal, and social life significantly. We are putting in strong guardrails and governance models for its usage both internally and externally. To us, this position of responsibility is an extension of our company’s strong moral center and sense of purpose.”

For full document, https://www.wipro.com/content/dam/nexus/en/investor/annual-reports/2022-2023/integrated-annual-report-2022-23.pdf

CT Bureau

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