Leading IT services firm, Tata Consultancy Services (TCS) has said that its Digital Software & Solutions (DS&S) group has introduced powerful analytics-based software named as 'Intelligent Urban Exchange (IUX)'. This software solution is for intelligent city operations to help in addressing the growing expectations of digitally connected urban citizens.
"The IUX solution is highly scalable, modular software that combines big data and domain specific advanced analytics to provide cities with real-time, actionable insights. In turn, it delivers cost-effective operations on a common platform across essential city domains, such as transportation, water, energy, and government operations," the company informed in a filing to the Bombay Stock Exchange.
Commenting on the development, TCS' DS&S group General Manager and Group Head Seeta Hariharan said, "We are pleased to already be engaging with key partners in intelligent city projects to bring TCS IUX into the market, improve operational efficiency and generate new revenue streams for cities that will directly benefit citizens' quality of life."
Meanwhile, shares of the company closed at Rs 2526.35 a piece, down 0.95 per cent from the previous close on BSE.