Wipro to set up digital innovation hub in Düsseldorf, Germany

Wipro to set up digital innovation hub in Düsseldorf, Germany
Photo Credit: VCCircle
9 Sep, 2020

Bengaluru headquartered information technology (IT) services major Wipro is setting up a digital innovation hub in Düsseldorf, Germany.

The proposed facility will serve as Wipro’s flagship centre in Europe and will offer digital transformation expertise to companies in Germany, enabling organisations to cross skill and upskill besides supporting talent development in local communities, the company said in a statement. 

The company will also collaborate with institutions and universities in the North Rhine-Westphalia state to develop tailored programmes and career opportunities for graduates in advanced digital skills and technologies. 

“Our state is already a leading region in areas such as telecommunications, cybersecurity and smart manufacturing. With the establishment of the digital innovation hub in Düsseldorf, Wipro is now expanding its successful business here. I am convinced the company as well as the North Rhine-Westphalian economy will strongly benefit from this decision,” Andreas Pinkwart, state minister of economic affairs, innovation, digitalization and energy of the State of North Rhine-Westphalia said.  

According to the European Commission, only one out of five companies across the European Union are highly digitalised. In addition, around 60% of large industries and over 90% of small and medium-sized enterprises lag in digital innovation. 

“We will offer our customers in the German and EU market the ability to leverage our global scale, technical expertise and strategic investments to digitally transform their enterprises. Our digital innovation hub will be equipped with state-of-the-art technology-enabled infrastructure with advanced capabilities, a large pool of experienced digital professionals and a global delivery model to achieve and scale highly integrated capabilities,” Thierry Delaporte, chief executive officer and managing director of Wipro said. 

Last month, Wipro implemented a blockchain-based small scale liquefied natural gas (ssLNG) trading/fulfilment platform for the German energy solutions giant Uniper Global Commodities SE. It also partnered with Dublin based financial risk analytics solutions provider Quaternion Risk Management to provide a Standard Initial Margin Model (SIMM)-in-a-box solution to financial institutions.