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CMS Info Systems accelerates growth for its latest 'Remote Monitoring Service' business Powered by AI & IOT

Posted On : 2023-03-27 15:17:48( TIMEZONE : IST )

CMS Info Systems accelerates growth for its latest 'Remote Monitoring Service' business Powered by AI & IOT

CMS Info Systems Limited, India's leading business services company offering banking logistics and technology services, accelerates its new business - AIoT Remote Monitoring Service (RMS) to over 10X since its launch in 2021. With this latest remote monitoring service powered by AI and IOT, the company plans to close FY23 with an annual run rate of ~Rs. 100 crores.

RMS as a tech-solution with 2000 live sites (monitoring points) in January 2021 has today grown to over 20,000 sites. CMS's RMS offers future-ready remote monitoring and adds a new dimension to a business based on data. Besides mitigating risks, it provides useful business insights such as energy management, staff monitoring and site compliance tracking. Certified by global security standards, this newest remote monitoring offering today serves a diverse set of industries comprising Banks, NBFCs, Hospitals, and FMCG sectors.

The key highlights of Remote Monitoring Services:

- Offers 40+ deep-learning AI modules for enabling business insights
- Connected to over 1 million devices deployed across 20,000+ live sites pan-India
- Since launch, 1000+ threats have been prevented and 25% energy efficiency generated
- Processes 60,000 alerts on a daily basis with live monitoring at centralized Command Centre

Commenting on the business, Mr. Manjunath Rao, President - Managed Services, CMS Info Systems said "Remote monitoring as a cutting-edge tech solution has seen immense potential. Our objective is to solve problems on a real-time basis that businesses face and drive efficiency & productivity for them. We are confident that our clients across will benefit from our offerings that are customized to meet their complex and diverse requirements."

According to the AIGS (Artificial Intelligence Global Surveillance) Index, at least 75 out of 176 countries globally are leveraging AI-based surveillance technologies. CMS's RMS is well-equipped to offer rich business insights such as demographics, consumer behavior, and deployment of remote diagnostics to resolve site problems efficiently.

Shares of CMS Info Systems Limited was last trading in BSE at Rs. 279.95 as compared to the previous close of Rs. 286.15. The total number of shares traded during the day was 14790 in over 835 trades.

The stock hit an intraday high of Rs. 286.90 and intraday low of 278.05. The net turnover during the day was Rs. 4171962.00.

Source : Equity Bulls


CMSINFO INE925R01014 CMSInfoSystems AIoT RemoteMonitoringService