Wipro has invested heavily in data: CEO Neemuchwala

Data is going to be the currency of the future and the company has invested heavily in it, Wipro CEO Abidali Neemuchwala has said.

"We are seeing a significant ability to transform customers in the data space, and we feel very upbeat about this because as you rightly said data is going to be the currency of the future and we are very heavily invested in this area," he told PTI here.

When asked if Wipro had engaged startups to monetise data, which will create jobs and automatically check layoffs, he said, "The company has made strategic investments in about 12 startups and some kind of strategic alliance with another 20-22 startups, and out of them all at least 20 percent of them are in data and data-related areas."

Neemuchwala also said the company has invested in some very specific IPs which are internal company IPs, and also bagged a very significant deal with a customer couple of quarters back. "They are in data business and we are using Wipro technology to help them support Chief Marketing Officers of Fortune 500 companies to utilise their data better and monetise their data better... So, we have leadership position in our analytic practice and our significant part of revenues comes from there.