Wipro Launches Lab45 AI Platform to Boost Efficiency Across Business Functions

Wipro has announced the launch of its Lab45 AI platform, designed to leverage generative AI (GenAI), machine learning (ML), and deep learning technologies to enhance efficiencies and transform business functions across industries. The platform is available to all Wipro employees and clients, running on a software-as-a-service (SaaS) model and supporting various state-of-the-art large language models (LLMs) from leading providers, as well as custom deep-learning models.

Key Features of Lab45 AI Platform

Innovation and Integration

Lab45 Innovation Lab

As Wipro’s dedicated innovation hub, Lab45 has developed this AI platform to integrate language and visual processing seamlessly. It enables functionalities such as generating images from text prompts and indexing, parsing, and summarizing content.

Generative AI Applications

The platform boasts over 1,000 GenAI agents and more than 10 applications, offering no-code and low-code pre-built solutions for HR, sales, marketing, and operations. It also facilitates the creation of industry-specific GenAI agents and applications.

Operational Impact

HR Efficiency

The platform significantly reduces the time required to read and interpret clauses in large contracts from hours to minutes, enhancing accuracy and turnaround time in the background verification process.

Sales Enhancement

By utilizing a combination of well-known LLMs and custom models from Lab45, the platform improves sales and revenue generation, forecasting, sales analysis, and report generation.

Quality Engineering and Testing

Proof of concepts (POCs) for customers in various industries, including banking, pharmaceuticals, and telecommunications, have demonstrated 20-30% improvements in test case, script, and result analytics.

API-based Customization

Ease of Deployment

With API-based access, clients can easily integrate GenAI into their environments. Topcoder, a Wipro platform, has reported a seven-fold increase in GenAI usage since implementing the platform’s APIs in October 2023.

Productivity Gains

Over the past six months, select Wipro teams and external users have experienced significant time savings and productivity enhancements.

Strategic Vision

Subha Tatavarti, Chief Technology Officer at Wipro, emphasized the company’s commitment to innovation and productivity through the Lab45 AI platform. “We are excited about the transformative impact this platform will have across business functions, helping our customers innovate faster while balancing privacy and responsible AI,” she stated.

Wipro : Key Points

Overview

Name: Wipro Limited

Founded: December 29, 1945

Founder: M.H. Hasham Premji

Headquarters: Bengaluru, Karnataka, India

Leadership

Chairman: Rishad Premji

CEO and Managing Director: Thierry Delaporte

Chief Technology Officer: Subha Tatavarti

Business Areas

IT Services: Wipro provides IT consulting and business process services.

Software: Development and maintenance of software for various sectors.

Business Process Services: Outsourcing services including customer support, HR, finance, and accounting.

Consulting Services: Offering management and technology consulting.

Financials

Revenue: Multi-billion-dollar annual revenue (specific figures vary year by year; refer to the latest financial reports for precise numbers).

Stock Listing: Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India, and also on the New York Stock Exchange (NYSE).

 

Corporate Social Responsibility (CSR)

Wipro Cares: Engages in various social initiatives in education, health, and environmental sustainability.

Azim Premji Foundation: Philanthropic arm funded by Wipro’s profits, focusing on education and other social causes.