TCS OmniStore named the POS Engineering of the Year at the Retail Methods Awards 2020 stock surges

Tata Consultancy Solutions (TCS), a main world-wide IT companies, consulting and enterprise methods organization, announced that its unified commerce system, TCS OmniStore™, portion of TCS Algo Retail™ suite, has been named the Position of Sale Technological innovation of the 12 months at the Retail Methods Awards 2020. The Retail Devices Awards figure out know-how excellence and innovation inside the retail sector.

TCS OmniStore was identified for its open architecture and fluid technology stack that traverses channels, devices, facts, and shopper journeys— featuring stores enormous freedom and versatility to reuse their current infrastructure, leverage business abilities, and build new journeys, expert services and apps quickly with out worrying about channel constraints.

“TCS OmniStore aids shops orchestrate built-in multichannel consumer journeys and present a unified purchasing knowledge of carts, wishlists, promotions and orders, with contextual insights between on line and retail outlet. They can create memorable micro-ordeals by empowering retail store associates to offer you a price cut on wishlisted items, or assistance customers stay clear of checkout strains by self- or assisted- checkouts on a cellular device. Buyers can appreciate revolutionary omni-channel experiences this kind of as invest in on the net and decide-up in keep, partial pickup or shipping from store. The platform also taps into varied, actual-time info sources across the ecosystem to establish intelligence in the checkout process, aiding enrich buyer knowledge or reduce checkout fraud. Its AI-powered command middle permits autonomous sensing and self-therapeutic for an ‘always on’ retailer,” reported the corporation.

The potential-prepared platform is driven by a cloud-native, headless commerce architecture with microservices and APIs, supporting accelerate retailers’ commerce cloud journey. It serves diverse strains of business—general merchandize, price cut, specialty, vogue, cafe, put up office, telecom, and travel and hospitality industries.

“TCS OmniStore de-duplicates commerce capabilities and provides a fluid technology that traverses channels, touchpoints, information, and client journeys, aiding organizations to provide seamless, related buyer activities and push progress. We are happy to acquire the POS Engineering of the Yr award that recognizes our enthusiasm for innovation and the market achievements of our TCS OmniStore platform-,” said Shankar Narayanan, Company Team Head, Retail, CPG, Vacation & Hospitality, TCS.

TCS’ Algo Retail suite allows merchants to seamlessly integrate and orchestrate information flows across the retail worth chain, harnessing the electrical power of analytics, AI and equipment mastering to unlock exponential business enterprise value.

TCS was investing at Rs2,713.25 per piece up by Rs53.65 or 2.02% from its prior closing of Rs2,659.60 on the BSE, at 12.03pm. The scrip opened at Rs2,685 and has touched the day’s higher and lower of Rs2,714.95 and Rs2,666 respectively.