Munich, March 16, 2020 – Wayra Germany, open innovation hub and early-stage investment arm of the telecommunications group Telefónica, is expanding its cooperation with the management and technology consultancyBearingPoint. With a total of seven innovation hubs and support for global business development, the cooperation with wayra enablesBearingPoint to create added value for its customers by including innovative start-ups in projects.
Together with wayra, BearingPoint develops a transformation model for clients who have difficulties in finding suitable approaches to integrate AI solutions and other innovative technologies. The joint service is specifically designed to identify use cases, solutions and suitable vendors, especially in the area of Artificial Intelligence but also in other focus areas, to ensure a tailored integration into the corporate strategy. For example, wayra scouts suitable start-ups for predefined use cases.
The range of services, the infrastructure and the broad network of wayra Germany offer the optimal environment for the developed model. By combining wayra's expertise in the field of start-up development with BearingPoint's industry knowledge, BearingPoint can offer its customers a resilient sampling procedure for identifying technology and suppliers. In this way, BearingPoint helps companies decisively to identify viable ways to implement AI solutions.
The AI Transformation Model is addressing one of the key focus topics that both Wayra and BearingPoint see as drivers for companies to transform their business. Further topics the two partners tackle within their cooperation to create customer value are mobility, sustainability, cybersecurity, IoT, and 5G.
"Our cooperation with Wayra has greatly benefitted our clients with its AI Transformation Model, and we expect more innovation to come out of it. To be innovative and create value for our clients is a big part of our Strategy 2025, and Wayra fits well with our ambition and where we are going. I’m very pleased that we’ve extended our cooperation",says Kiumars Hamidian, Managing Partner at BearingPoint.
"We look forward to continuing to be a reliable partner for BearingPoint and to supporting them with innovative impulses. The cooperation will give BearingPoint and its clients access to theGerman start-up ecosystem and Telefónica's global network. Our start-ups, in turn, will be able to take advantage of this expanded customer base. The partnership allows us to share our years of expertise in the start-up world and create a win-win situation for all parties involved", says Katrin Bacic, Managing Director and Head of Venture Development at wayra Germany.
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on five key areas to drive growth across all regions. The second unit provides IP-driven managed services beyond SaaS and offers business-critical services to its clients supporting their business success.The third unit provides the software for successful digital transformation and regulatory requirements. It is also designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems.BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.