As COVID-19 continues to surge in many countries around the world, businesses small and large are struggling to navigate a completely transformed (and partially decimated) global economy for an indeterminate period of time. With the U.S. economy shrinking at record-shattering rates, some software designers are stepping up to help businesses answer this unprecedented challenge. Now, Tata Consultancy Services (TCS) is joining the fray with new, AI-powered software that aims to help businesses reopen during the pandemic.
TCS describes the new software, called IUX for Workplace Resilience, as a “business command center solution.” IUX for Workplace Resilience promises to blend AI-powered risk management analysis with functionality spanning areas key to reopening amid COVID-19. With the workplace safety tools, for instance, businesses can monitor infection risk levels at various locations using phone- and badge scanner-powered contact tracing, images, and videos. Based on that data, users can also take action and record compliance. The tools also span sectors like regulatory support, operational resilience, and customer engagement.
“Using analytics, a business manager at a retailer could forecast cash flow based on predictions of payments and receivables against current and predicted scenarios throughout the pandemic,” TCS wrote in a press release. “In financial services, a bank manager could profile risk at specific branches by running what-if analyses based on infection rates, workforce impact, and client relationships.”
TCS also offered other examples, like monitoring employee and customer sentiment and predicting impacts to revenue and supply chains. The suite is powered by TCS’ IUX (Intelligent Urban Exchange) platform for big data and analytics. IUX specializes in applying real-time analytics to information streams, using AI to identify correlations and make predictions. The software displays this information through visualizations on a “business command dashboard,” where it also offers recommendations.
“As workplaces reopen ..
Support the originator by clicking the read the rest link below.
