CAMS wins ET Datacon Award 2023 for Smart Data Applications Software

Computer Age Management Services Limited (CAMS), India's largest registrar and transfer agent of mutual funds announced that it has been honoured with the prestigious ET DataCon Award 2023. CAMS emerged as the winner in the category 'Smart Data Applications Software' at The Economic Times DataCon Awards 2023. This recognition highlights CAMS's commitment to innovation and excellence in the field of data analytics.

The Economic Times DataCon Awards 2023 are widely regarded as a benchmark for recognizing exceptional achievements in the realm of data analytics. A distinguished jury panel consisting of experienced and qualified technology professionals meticulously evaluated numerous entries and nominations.

Mr. Anuj Kumar, Managing Director, CAMS Limited on winning this award said, "CAMS winning this prestigious award showcases the company's expertise in leveraging advanced analytics technologies to provide actionable insights to the mutual fund industry. Our journey in setting up Analytics and AI as a practice which began with pioneering Mutual Fund Data Explorer (MFDEx), the largest data warehouse application serving the MF industry has been augmented over the years. We provide hand-tuned predictive models to predict investor behavior using the robust infrastructure of google cloud-based analytics which is delivering remarkable results. We are truly honored to receive this award under the Smart Data application category as it serves as a testament to CAMS's unwavering commitment to innovation and using new generation technologies."

The notable features of the application include Real-time dashboards, a completely front-end-based system deployed over Google Cloud enabling users to filter, slice, and dice data within a fund with an impressive turnaround time of 3-5 seconds using Big Query as the storage and analysis engine.

The built-in pre-trained predictive models offer a range of models, including Life-Time Value, purchase and redemption prediction, and SIP Cease propensity. These models provide real-time outputs for filtered segments, with a planned turnaround time of 7-10 minutes. Marketing teams can leverage these models for running effective cross-sell and up-sell campaigns. By leveraging deep understanding of the mutual fund landscape and growth drivers, CAMS offers predictive analytics with exceptional accuracy and has yielded tangible benefits for CAMS and the mutual fund industry in large.

CAMS has recently taken majority shareholding in Think360.ai, a globally recognized firm offering Software as a service (SaaS) based products, data science and technology advisory services to marketleading firms in India and United States. Think 360.ai has been a pioneer in using alternate data for financial sector and analytical solutions within the Account Aggregator framework.

Shares of Computer Age Management Services Limited was last trading in BSE at Rs. 2136.35 as compared to the previous close of Rs. 2152.00. The total number of shares traded during the day was 9533 in over 2602 trades.

The stock hit an intraday high of Rs. 2174.95 and intraday low of 2133.00. The net turnover during the day was Rs. 20413229.00.

Source : Equity Bulls

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ComputerAgeManagementServices INE596I01012 CAMS ETDataConAward2023