HCLTech recognized as a Leader in IDC MarketScape: Worldwide Data Modernization Services 2024 Vendor Assessment

HCLTech, a leading global technology company, has been recognized as a Leader in the IDC MarketScape for Worldwide Data Modernization Services 2024 Vendor Assessment.

According to the report, IDC considers HCLTech's strategies around offerings, innovation and go-to-market alliances as key strengths. Customers highly regard the company's ability to provide data modernization strategy and target operating model, migrate and rationalize data across legacy and cloud environments, provide technical insights and competency, and address issues around data availability and latency.

"Whether driven by AI adoption or not, data modernization services are critical to organizations' strategies to become more efficient, agile and growth-oriented. HCLTech has established itself as a trusted partner in this space with a portfolio spanning data estate modernization, intelligent data management, consumable data products and smart operations, all underpinned by infrastructure modernization. HCLTech was recognized for its integration of GenAI and use of proprietary solutions and frameworks to accelerate service delivery while continuously enhancing its capabilities to meet the evolving needs of business," said Jennifer Hamel, Senior Research Director, Enterprise Intelligence Services at IDC.

"We believe this recognition validates our commitment to delivering measurable business outcomes through our AI and Data strategies: Modernize Data, Simplify Insights and Scale AI. Implementing AI on a large scale requires a strong data foundation supported by the right infrastructure. Our 'outcome-first' approach helps enterprises modernize their data, improve data speed and connect different data, infrastructure, and AI systems, creating value with AI and lowering technical debt," said Srinivas Kompella, Senior Vice President and Head of AI and Data at HCLTech.

HCLTech empowers enterprises to future-proof themselves using AI and GenAI. The company provides scalable, secure AI solutions through specialized platforms, industry-specific solutions, top partnerships, a global AI Labs network, and comprehensive GenAI capabilities. HCLTech follows Responsible AI principles and strong change management practices to ensure clients see real ROI.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1375.30 as compared to the previous close of Rs. 1421.80. The total number of shares traded during the day was 119755 in over 6751 trades.

The stock hit an intraday high of Rs. 1384.55 and intraday low of 1304.00. The net turnover during the day was Rs. 160048627.00.

Source : Equity Bulls

Keywords

HCLTechnologies INE860A01027 IDCMarketScape Recognition Leader