TCS AI powered Merchandise Optimization Suite Recognized for its Ability to Utilize AI to Obtain Strategic Insights that Provide Business Value to Retailers
NEW YORK | MUMBAI, October 23, 2018: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that its OptumeraTM, an AI powered merchandise optimization suite has been recognized as the ‘Best Application of Artificial Intelligence in the Enterprise’ by The AIconics, the world-renowned awards celebrating the drive, innovation and hard work in the international Artificial Intelligence for Business Community.
TCS OptumeraTM leverages the power of AI to localize and right-size store space, curate shopper centric omni-channel assortment, pre-empt competitor pricing strategies real-time, and enable optimal price recommendations and automate planogram compliance and gap scan through image processing.
“OptumeraTM has been instrumental in helping Fortune 500 companies drive strategic growth and digitally transform their companies into Business 4.0 enabled enterprises,” said Pratik Pal, President Retail, CPG and TTH, TCS. “This award from The Alconics is a testimony to our deep contextual knowledge and sustained commitment to building innovative AI solutions that unlock exponential value for our customers.”
The AIconics awards were held in San Francisco on September 18, 2018, featuring more than 300 entries in six categories, and award winners being recognized as industry leaders across a broad spectrum of AI technologies. The awards were part of The AI Summit San Francisco, the leading and biggest AI for Enterprise event.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 411,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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