IT outsourcing

As India’s IT sector looks to new markets for growth, the country’s fourth largest IT company, Wipro, has announced that it will pay $30m for a minority stake in the privately held Opera Solutions, a US organisation that works in predictive and prescriptive data analytics.

That translates into helping companies use data to manage costs, risks and other areas of the business. It’s a high-value element of the IT sector that many Indian companies are trying to expand into as growth in other services has tailed off.