IT Giant Wipro Ltd, on Monday, June 8, 2020, announced its collaboration with IBM to assist their consumers on a seamless and secure hybrid cloud journey.

There is a dedicated co-innovation center—Wipro IBM Novus Lounge—located at Wipro’s Kodathi campus in Bengaluru, which will offer a comprehensive suite of solutions, including cloud, Artificial Intelligence (AI), machine learning, and Internet of Things (IoT). These capabilities will comprehensively work to boost innovation for enterprises and start-ups.

The company also said in a statement that this alliance would develop hybrid cloud offerings to help businesses manage, migrate, and transform mission-critical workloads and applications. This act of transformation and management will ensure complete security across public or private cloud and on-premises IT environments.

Wipro isn’t the only one in the race, several companies around the world have been focusing on technologies like ML, AI, and IoT as part of digital transformation and to stay relevant. The market estimation on the hybrid cloud market, valued at USD 44.9 billion in 2018, will now touch USD 173.3 billion by 2025.

“As companies across the world continue to drive digital transformation, decision-makers must rethink radically on how to leverage the combined power of data, cloud and open source technologies to become industry leaders,” said Gaurav Sharma, Vice President, Cloud and Cognitive Software, IBM India.

“Wipro IBM Novus Lounge will allow us to showcase hybrid multi-cloud and open source solutions even more comprehensively and support our customers’ continuous business transformation journey,” said Ramesh Nagarajan, Senior Vice President, Cloud Services, Wipro.

The collaboration of IBM and Wipro will give customers remote access to Red Hat and IBM solutions and help them scale their technology investments. Along with cloud offerings, Wipro will also leverage IBM’s in-house services to develop solutions in the banking, energy and utilities, retail, manufacturing, and healthcare sectors.