Cyient keeps surfing the AI wave. And its rally is far from over
Artificial intelligence has evolved remarkably over the years, seamlessly integrating into our world. It has been reshaping the way we interact with technology. From voice-activated virtual assistants such as Siri and Alexa to personalized recommendations on streaming platforms, AI has become an indispensable part of our daily lives.
It’s safe to say the use of AI is increasing all over the world at a fast pace. In the coming years, AI will transform the way we live and work even more. In India, this has raised the question of AI’s potential in every industry.
Indian firms have already developed uses for AI in healthcare, finance, e-commerce and manufacturing, and its use is expected to increase even more. Moreover, the shift towards electrification, autonomous and connected vehicles will bring in more opportunities for engineering services in the areas of design and development of electric vehicle components, battery technologies, charging infrastructure, and electric drivetrains or engines. And this is where midcap IT stock Cyient comes into the picture.
A company with multi-bagger potential, Cyient seamlessly fits into the evolving AI puzzle, poised for its next growth phase. Formerly known as Infotech Enterprises, Cyient has come a long way from its humble beginnings as a GIS data conversion vendor (the process of translating spatial data from one format or type to another within a geographic information system) to a formidable engineering company. Cyient operates in critical sectors such as transportation, sustainability, and communications, and other new growth sectors.
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