AI to impact business significantly-TCS

India Infoline News Service | Mumbai | March 16, 2017 12:47 IST

According to TCS' Global Trend Study, 60-80% of the companies use IT functions, but 70% of the people believe the impact of Artificial Intelligence will be majorly on marketing, finance, human resource & customer service verticals.

TCS1
According to TCS' Global Trend Study, 60-80% of the companies use IT functions, but 70% of the people believe the impact of Artificial Intelligence will be majorly on marketing, finance, human resource & customer service verticals.

According to TCS, organisations having greater financial improvements will add  Artificial Intelligence related roles by 2020 as against the ones with lesser financial improvements.

According to the chief technology officer of TCS, K Ananth Krishnan, Artificial Intelligence will play a key role in becoming a pivotal component in formulating organisation strategy.

In 2016, 7% of companies have reserved $250 million towards Artificial Intelligence.

In order to curb potential hacks and other related security threats, around 7 of 10 companies use Artificial Intelligence.
   
Stock view:

Tata Consultancy Services Ltd is currently trading at Rs 2517.05, up by Rs 16.75 or 0.67% from its previous closing of Rs 2500.3 on the BSE.
 
The scrip opened at Rs 2501 and has touched a high and low of Rs 2524 and Rs 2501 respectively.

So far 443132(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 492666.1 crore.
 
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 2740 on 16-Aug-2016 and a 52 week low of Rs 2054.7 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs 2584 and Rs 2496.05 respectively.
 
The promoters holding in the company stood at 73.33 % while Institutions and Non-Institutions held 22.24 % and 4.44 % respectively.
 
The stock is currently trading above its 200 DMA.


***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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