Tata Consultancy Services announced that its AI-poweredretail merchandizing and supply chain optimization software suite, TCS Optumera™, has been Highly Commended in the category 'Best Enterprise AI Solution' at The AIconics Awards.
The AIconics Awards recognize industry leaders across a broad spectrum of AI technologies, and featuremore than 340 entries in 14 categories. The award for Best Enterprise AI Solution recognizes leadingcompanies that build and apply the most innovative and effective AI solutions - in any industry.
TCS Optumera helps retailers make data-driven merchandizing and supply chain decisions regarding rightsizing store space, shopper centric omni-channel assortment, pricing strategies and compliance. Leveragingthe power of AI and the TCS Algo Retail™ framework, TCS Optumera continuously analyzes more than 1,000factors that impact key performance indicators to deliver cross-channel recommendations for optimization.Fortune 500 companies that have deployed TCS Optumera have seen a 3% to 5% increase in sales, 30% to50% reduction in time spent, and 20 to 30% decrease in costs.
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