TCS, Wipro among 5 cos shortlisted for implementation of data analytics projects: SEBI

The Securities and Exchange Board of India has shortlisted five companies, including Tata Consultancy Services and Wipro, for the implementation of the data analytics projects for tracking possible market manipulations like insider trading and front running. The regulator, in June, had invited expression of interest from "reputed and reliable solution providers for implementation of data analytics project and building of data models at Sebi." While inviting EoI, the regulator had said it was looking to leverage artificial intelligence, machine learning and deep learning to address critical challenges for data analytics impacted by the processing of a vast amount of data, either structured or unstructured. This includes developing new models, implementing analytics projects, enhancement of a model in terms of adding new data sources in existing models, among others.