- Wipro launches Lab45 AI Platform, leveraging GenAI, ML, and deep learning.
- Platform available to Wipro employees and clients on SaaS model.
- Supports various LLMs and custom models for language and visual processing.
- Offers pre-built applications for HR, sales, marketing, and operations.
- API-based access for custom applications, facilitating seamless integration.
- Topcoder witnesses seven-fold increase in GenAI usage since October 2023.
- Significant time savings and productivity gains observed in HR, sales, marketing, and quality engineering and testing.
- Harvard Business School (HBS) uses platform to educate MBA students on advanced GenAI applications.
Main AI News:
In a groundbreaking move aimed at revolutionizing business operations, Wipro, a leading technology services, and consulting company, has introduced the Lab45 Artificial Intelligence (AI) Platform. This innovative platform harnesses the power of Generative AI (GenAI) machine learning (ML), and deep learning technologies to unlock enhanced efficiencies, transform business functions, and facilitate industry-specific solutions. Lab45, Wipro’s esteemed Innovation Lab, proudly presents the Lab45 AI Platform, which is now accessible to all Wipro employees and clients alike.
Operational on a Software-as-a-Service (SaaS) model, the Lab45 AI Platform boasts compatibility with a myriad of state-of-the-art Large Language Models (LLMs) from renowned providers, as well as customizable deep-learning and other models. One of its standout features is the seamless integration of language and visual processing capabilities, enabling tasks such as image generation from text prompts, content indexing, parsing, and summarization.
With an extensive repertoire of over 1,000 GenAI agents and more than 10 GenAI applications, the platform offers a range of pre-built applications for key business functions such as HR, sales, marketing, and operations. Moreover, it facilitates the effortless creation of industry-specific GenAI agents and applications, empowering businesses with tailored solutions to meet their unique needs.
Subha Tatavarti, Chief Technology Officer at Wipro Limited, expresses enthusiasm about the platform’s potential, stating, “Our Lab45 AI Platform underscores Wipro’s dedication to innovation and productivity. We are excited about the transformative impact this platform will have across various business domains, particularly in HR, sales, marketing, and beyond. By leveraging our platform, customers can innovate faster while upholding privacy and responsible AI practices.”
Facilitating seamless integration, the platform offers API-based access for custom applications, enabling clients to deploy GenAI within their environments effortlessly. Notably, Topcoder, a Wipro platform connecting customers with its vast global talent network, has experienced a seven-fold increase in GenAI usage since incorporating Lab45 AI Platform’s APIs in October 2023.
Over the past six months, select Wipro teams and external users have already reaped substantial benefits from the platform. In HR, the platform has slashed the time required for reading and interpreting complex clauses in voluminous contracts, significantly expediting background verification processes. In sales and marketing, the platform has enabled faster revenue generation, forecasting, sales analysis, and lead generation, streamlining operations and boosting productivity.
Furthermore, in quality engineering and testing, the platform has demonstrated remarkable improvements ranging from 20 to 30 percent across various metrics, as evidenced by recent proof of concepts (POCs) conducted for Wipro’s clients in diverse industries globally.
Praising the platform’s advantages, Shikhar Ghosh, Professor at Harvard Business School (HBS), remarks, “We have utilized the Lab45 AI Platform to educate HBS MBA students about advanced applications of GenAI for Business and Society. We are also exploring numerous other advanced use cases with great interest.”
Conclusion:
Wipro’s introduction of the Lab45 AI Platform signifies a major leap forward in AI innovation for business functions. With its wide-ranging capabilities and proven benefits across multiple sectors, the platform sets a new standard for efficiency and productivity in the market. As businesses increasingly seek AI-driven solutions to enhance operations, Wipro’s offering positions them as a key player in meeting this demand and driving industry-wide transformation.
