Wipro Holmes receives ‘Best Breakthrough Technology Solution' Vendors In Partnership Award at NRF 2022

22 Mar 2022 , 11:24 AM

Wipro Limited on Monday announced that it was honored at the Vendors In Partnership (VIP) Awards presented during National Retail Federation’s NRF2022, Retail’s Big Show. Wipro Holmes was named the winner of ‘Best Breakthrough Technology Solution’ by VIP’s panel of retail industry experts for its ‘AI-Powered Revenue Shaping Solution’ developed and deployed for one of the world’s largest global retailers.

Wipro Holmes’ revenue shaping solution enables organizations to address the complex challenges of accurately predicting revenue and costs with speed and agility. The solution augments decision-making by recommending actionable interventions and assists business leaders in proactively shaping the enterprise strategy. By applying Holmes Augmented Intelligence capabilities to critical finance functions, enterprises can accelerate performance and drive business outcomes.

At around 11.12 am, Wipro Ltd was trading at Rs599.45 per piece down by Rs0.7 or 0.12% from its previous closing of Rs600.15 per piece on the BSE.

“The Vendors in Partnership (VIP) Awards celebrates the solution providers that are powering the retail ecosystem. Enhancing the traditional statistical modeling with AI enables customers to react at the speed that changes are happening. Clearly the judges saw a compelling story in Wipro’s use of advanced technologies,” said Vicki Cantrell, Co-Founder, Vendors in Partnership Awards.

“This prestigious award is a testament to our AI innovation and the potential of using emerging technologies in the retail space. Building on principles of Responsible AI, Wipro Holmes suite of solutions, including Revenue Shaping, Anticipatory Design, Demand forecasting for supply chain resiliencies, address the very evolving consumer industry challenges. We will continue to drive innovation to help our customers accelerate growth, elevate their customer experience and enhance effectiveness,” said Manoj Madhusudhanan — Global Head, Wipro Holmes, Engineering and R&D, Wipro Limited.