Bangalore, May 07, 2013:
Wipro Limited today announced that it has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company. Wipro will invest USD 30 Million in the company, which is privately held and headquartered in Jersey City, NJ.
Big Data represents an unprecedented opportunity for business value creation but many enterprises do not have the right technology or the science to access its power. Opera Solutions supplies these critical capabilities in a form that allows organizations to rapidly turn raw Big Data into strategic advantage, profit, and productivity, according to Wipro.
Opera Solutions has one of private industry’s largest groups of scientists specialising in machine learning. The company applies its machine learning science to the world’s Big Data flows to extract predictive patterns, or Signals, it said.
“This strategic partnership with Opera Solutions will help us further extend our leadership in the Big Data analytics space, as it combines Opera Solutions’ machine learning expertise, pre-discovered predictive Signals and algorithms with Wipro’s proven domain and technology expertise combined with Global Delivery Model to create industry-specific Big Data analytics solutions. It also enables our customers to maximise the ROI of Big Data analytics implementation through faster adoption,” said K.R Sanjiv, Senior Vice President and Global Head, Analytics and Information Management, Wipro.
