Bengaluru: Indian technology company Wipro has appointed Nagendra Bandaru as the chief executive officer of its newly created artificial intelligence business unit, as the firm steps up its focus on emerging technologies.
The new unit has been set up to develop advanced artificial intelligence solutions and expand Wipro’s capabilities in this fast growing sector. The company aims to build platforms and services powered by AI that can support clients across industries such as banking, healthcare and telecommunications.
Bandaru, a long time executive at Wipro with nearly three decades of experience, previously led the company’s technology services division. In his new role, he will be responsible for driving the company’s AI strategy and creating new business opportunities through innovation.
The move is part of a wider restructuring effort within Wipro as it adapts to changes in the global technology market. The company has also made other leadership changes, including appointing a new head for one of its key business segments in the Americas.
Wipro has been increasing its investments in artificial intelligence in recent years. It had earlier announced a major commitment to expand its AI capabilities through its ai360 initiative, aiming to integrate AI into all its services and operations.
The decision comes at a time when global IT companies are competing to strengthen their positions in artificial intelligence. Firms are focusing on building smarter systems that can automate tasks and deliver more value to clients.
Industry experts say the success of Wipro’s new AI unit will depend on how quickly it can turn innovation into real business growth. The appointment of Bandaru is seen as an important step in that direction as the company looks to reposition itself in a rapidly changing technology landscape.