October 23, 2018

TCS' Optumera wins AIconics award for best application of AI in the enterprise

Tata Consultancy Services AI powered merchandise optimisation suite recognised for its ability to utilise AI to obtain strategic insights that provide business value to retailers

NEW YORK | MUMBAI: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organisation, today announced that its OptumeraTM, an AI powered merchandise optimisation suite has been recognised 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 localise 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 recognised 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.