Cyient introduces AI-Powered platform CyFAST to strengthen its V-;V factory; stock marginally up

22 Jun 2022 , 01:18 PM

Cyient Limited, a leading consulting-led, industry-centric, global technology solutions firm, announced the creation of an AI-Powered Framework for Automated System and Software Testing (CyFAST), to speed end-to-end test automation.

The platform supports end-to-end test automation across online, mobile, desktop, and embedded application and hardware devices, providing a comprehensive environment for managing testing projects.

CyFAST provides a single framework that makes use of current automation resources to enable end-to-end system and software testing as well as planning and scheduling multisite and parallel test case execution.

Utilizing cognitive intelligence for improved test orchestration, risk-based testing, and regulatory documentation, this cutting-edge technology provides effective and high-quality testing of complex systems and applications.

Over the past few years, there has been an increase in the conversion of physical items into digital products that enable essential activities through software, with a number of drivers pushing corporate engineering teams’ efforts. Businesses invested around $250 billion in smart, connected, and autonomous products in 2021, with a 15-20 percent CAGR anticipated through 2025.

Even though more than 90% of businesses are actively considering how to incorporate software and digital technologies into their products, only 25% have been able to scale their initiatives across multiple product lines and geographical locations, indicating significant room for growth in the future.

Cyient is currently trading at Rs803.15 up by Rs0.8 or 0.1% from its previous closing of Rs802.35 on the BSE. The scrip touched intraday high and low of Rs847.75 and Rs795.50 respectively.