ISG's IoT report recognizes Cyient as 'Rising star' for Managed Services in US

3 Aug 2022 , 02:05 PM

Cyient Limited announced that it has been named a 'Rising Star' For Managed Services in the US region in the ISG Provider Lens 2022 report on the Internet of Things - services and solutions.

The report emphasized Cyient's adaptability through usage-based modular services. Cyient's recognition as a "Rising Star" is based on its suite of managed services offerings, which enable remote monitoring, predictive analytics, lifecycle cost modeling of IoT devices, and a range of offerings through strategic acquisitions.

According to the quadrant report of ISG, a leading Global Technology Research & Advisory Firm, managed IoT service models are focused on optimizing performance and driving continuous improvement.

Intelligent tools and analytics uncover the underlying causes of problems, define new sources of value, and reveal ever-changing security threats.

In a tight labor market, remote monitoring and OTA capabilities optimize efficiency and scale resources across multiple geographies.

"We are excited to be recognized by ISG as Rising Stars in IoT," commented Pierre Carpentier, Global Head of Digital Technologies, Solutions, and Partnerships at Cyient.

He added further, “This demonstrates how integrating our digital technology capabilities into our IntelliCyient suite of I4.0 solutions is speeding up our customers' digital transformations in the asset-intensive industries we serve."

At around 2.04 PM, Cyient was trading at Rs811.45 per piece, down by 0.42% against its previous closing of Rs814.90 on the BSE. The scrip touched intraday high and low of Rs816 and Rs803 respectively.