TCS' Innovative Industry Solutions wins 2 IoT Global Awards; Stock trades higher

11 Jan 2022 , 01:15 PM

Tata Consultancy Services (TCS) wins two awards at the Internet of Things (IoT) Global Awards 2021 for TCS DigiFleet in the Automotive, Transport and Travel category and TCS Smart Store solutions in the Retail, Marketing and Hospitality category.

The IoT Global Awards honour the most innovative companies, products, and individual talent. TCS’ solutions won awards for their scalability, innovativeness, as well as business return on investment delivered to customers. 

TCS’ products and solutions are built on its Bringing Life to Things IoT business framework that leverages machine learning and artificial intelligence technologies to help enterprises address critical business challenges and help create a sustainable and equitable world.

“Our IoT solutions built our Bringing Life to Things framework combine physical context with digital intelligence to unlock exponential business value. TCS DigiFleet makes supply chain operations more resilient and TCS Smart Store elevates the in-store experience for customers in new normal. We are pleased to win two IoT Global Awards 2021 for these innovative solutions,” said Regu Ayyaswamy, Global Head, IoT & Digital.

TCS Smart Store is an AI-based image and video analytics solution that leverages sensor fusion-based infrastructure and contextual algorithms to provide real-time alerts and analytics. The solution enables smart and self-aware store operations and elevates the in-store customer experience. Use cases include retail shrinkage, AI-driven stock replenishment, and AI-based sales improvement. 

TCS DigiFleet is an IoT-enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights about fleet and freights. It enhances visibility across the supply chain, improves the operational efficiency of their logistics on the move, as well as helps them achieve their sustainability goals.

At around 1.13 pm, TCS was trading at Rs3886.90 per piece up by Rs7.55 or 0.2% on Sensex. The stock has touched an intraday high of Rs3902.80 per piece.