TCS a Leader and Star Performer in IoT Services: Everest Group
Tata Consultancy Services’ Considerable Business Growth, Investments in Proprietary Solutions and Innovation Labs, and Strong Partner Ecosystem, Cited as Key Strengths
NEW YORK | MUMBAI, June 17, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader in the Everest Group PEAK Matrix® for IoT Services[1], for the second consecutive year. Additionally, it was named a Star Performer for top quartile year-on-year improvement in its scores.
According to the report, TCS’ considerable business growth in IoT over the past year was driven by large scale engagements and progress from proof of concept to production stage. A key strength highlighted was its significant investments in developing proprietary solutions across different verticals and a well-diversified customer base across both industrial and consumer centric IoT verticals. Another differentiator mentioned was TCS’ significant investments in strengthening delivery capabilities through innovation hubs and talent development initiatives.
“IoT adoption and connected assets are helping enterprises ensure seamless customer experiences with minimum field force during the current pandemic. Using the Bringing Life to Things™ framework, we are helping enterprises achieve optimized and responsive value chains, and enhance safety at the workplace,” said Regu Ayyaswamy, Global Head, Internet of Things & Engineering Services, TCS. “This recognition is a testimony to our vision, capabilities, and market success in driving large scale transformations.”
TCS’ IoT framework ‘Bringing Life to Things™’ helps customers build predictive and self-aware systems that can sense and intelligently respond to changes in the physical environment. Using this framework, organizations can create new, boundaryless and pervasive business models, seamless customer experiences, optimized and responsive value chains, and enhanced safety and security at the workplace. Its value-driven implementation plan with IoT use cases helps organizations move up the digital maturity curve.
TCS offers a comprehensive portfolio of IoT-related intellectual property and services spanning strategic planning, systems design, implementation, technical and business integration services, and post deployment support and maintenance. Its IoT solutions are focused on driving business transformation and operations transformation for customers across industries like manufacturing, CPG, retail, energy, utilities, transportation, logistics, healthcare, hi-tech and telecom. Proprietary solutions include:
• TCS DigiFleet™: An IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights to customers about their fleet and freights and helps enhance visibility and operational efficiency of their logistics on the move. Even in the current pandemic, it enables organizations to respond quickly to changing supply chain dynamics.
• TCS Connected Workforce Safety Solution: It creates a safer and trusted workplace, helping customers resume plant operations in the COVID-19 context and ensure business continuity. It provides digital safety fencing, real time health insights, proximity alerts and personal protection equipment monitoring and compliance, as well as other features that continuously enhance the productivity of the workforce.
• TCS IP2™: It combines IoT with AI and digital twin technologies to support critical assets, enhance reliability, improve flexibility, cut emissions, and improve plant cycle efficiency by 1 to 2 percent.
“Enterprises are increasingly leveraging IoT to accelerate their digital transformation agenda and create new efficiency and revenue opportunities. TCS’ investments in developing proprietary solutions, establishing innovation hubs, and leveraging next-generation technology are helping clients in accelerating IoT adoption and realizing benefits,” said Yugal Joshi, Vice President, Everest Group.
“Our Bringing Life to Things™ IoT business framework, investments in innovation, and domain-specific IoT solutions, make us a strategic partner for enterprises in their IoT transformation journeys,” said Regu Ayyaswamy.
[1] IoT Services PEAK Matrix Assessment 2020, Everest Group, April 2020
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India’s largest multinational business group, TCS has over 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
TCS Crystallus™ Launched to Help Enterprises Accelerate SAP S/4HANA Transformations
Tata Consultancy Services Launches Set of Pre-configured Industry Solutions to Ensure Superior Business Outcomes from SAP S/4HANA Transformations
MUMBAI, June 15, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced the launch of TCS Crystallus™, a set of pre-configured industry solutions that accelerate SAP S/4HANA-enabled digital transformations, giving enterprise customers a competitive edge.
Built using TCS’ vast domain knowledge and proven best practices, TCS Crystallus caters to various industries, including life sciences, hi-tech, professional services, and travel and transportation. For instance, TCS Crystallus for life sciences includes business solutions like the Intelligent Field Inventory Management solution that uses IoT and blockchain to provide real time visibility of surgical kits to all the ecosystem partners, ensuring right availability at the end point of usage and timely monetization.
The ready-to-deploy solutions include assets and accelerators that kick-start enterprises’ digital transformation journeys leveraging intelligent technologies and SAP S/4HANA as the digital core and enable faster time-to-market by up to 20 to 30 percent. Additionally, the solutions ensure faster and superior business outcomes with reduced risks and assured business continuity during the transformation.
“Continuous marketplace disruptions and unforeseen crisis situations have made it an imperative for organizations to accelerate their digital transformation journeys,” said Akhilesh Tiwari, Global Head, Enterprise Application Services, TCS. “TCS is focused on developing innovative solutions that help our customers be adaptive and resilient today and in the future. With TCS Crystallus, we offer customers our proven experience packed into assets, accelerators and best practices to ensure full adoption, value realization and improved return on their SAP transformation investments.”
TCS’ SAP services portfolio encompasses interactive design, advisory, consulting, implementation and other support services. The company helps customers evaluate digital offerings such as SAP S/4HANA, SAP C/4HANA®, SAP® SuccessFactors®, SAP Intelligent Spend Management, and SAP Cloud Platform, and define their roadmap, architecture, and strategy. TCS’ solutions are built on contextual knowledge and SAP best practices and enable enterprises to confidently embrace digital technologies as part of their ecosystems so they can benefit from innovation, agility and precision.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India’s largest multinational business group, TCS has over 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
TCS Retains Position as America’s Most Community-Minded Technology Company
Tata Consultancy Services Recognized for 4th Consecutive Year in Points of Light’s Civic 50 and as Technology Sector Leader for 3rd Consecutive Year
NEW YORK | MUMBAI, June 10, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as Technology Sector Leader and as one of Civic 50’s America’s 50 Most Community Minded Information Technology Companies. TCS has been named the Technology Sector Leader for the third year and included in the Civic 50 list for the fourth consecutive year.
“I believe that Purpose is the new Tech and organizing business around purpose is a very strong driver of transformation,” said Balaji Ganapathy, Global Head CSR and Chief Social Responsibility Officer. “In these times of extreme hardship for people and communities, we stand committed to engage the best of TCS to support the needs of the most vulnerable and underserved groups.”
The Civic 50, an initiative of Points of Light, recognizes the 50 most community-minded companies in the nation each year as determined by an annual survey. By benchmarking and celebrating best practices, it provides a framework for good corporate citizenship and showcases how companies can use their time, skills and other resources to improve the quality of life in their communities.
“Points of Light believes that now more than ever, companies must drive transformative social change around the world,” said Natalye Paquin, President and CEO, Points of Light.“We thank Tata Consultancy Services for their investment and look forward to supporting them in innovating and expanding this work.”
TCS was honored by Points of Light for the investment, integration, institutionalization and impact of its community engagement programs. In response to the needs arising out of the COVID-19 pandemic, Tata Group and Tata Trusts committed to a $200 Million contribution through a coordinated, multi-prong approach. In addition to supporting this investment, TCS is leveraging its intellectual, technology, human and financial capital to support community needs across four streams:
Supporting Healthcare & Wellness: With efforts ranging from using AI to accelerate drug discovery, designing affordable PPE kits and ventilators, patient tracker systems, radiology analysis, wearable based monitors, contact tracing, self-assessment and more.
Providing Continued Access to Education: Over 7,500 institutions are using the virtual learning platform TCS GlassroomTM and 15,000+ students are utilizing the digital certification program TCS iON Career Edge for free during this period. TCS’ flagship community programs goIT and Ignite My Future in School (IMFIS) are also supporting the needs of students, educators, guardians and schools by shifting to a virtual model.
Developing Innovative New Technology Solutions: TCS is delivering technology solutions and offering pro-bono services to nonprofits, community organizations, and government agencies – such as supporting unemployment claim processing in NY state and engaging 900+ cross-sector leaders during a three-part virtual event series as part of of its Digital Empowers partnership with the U.S. Chamber of Commerce Foundation.
Supporting the Local Community: TCS is supporting the efforts and generosity of its 45,000+ North America employees during the pandemic by matching their generous donations and supporting their volunteering on the front-line.
Since 2009, over 30,000 students throughout the United States and Canada in 101 cities have benefited from TCS goIT, a signature community engagement program in North America. goIT helps students design human-centered solutions that harness technologies for innovation, while blending design thinking and industry expertise to provide students with the 21st century skills necessary to create technology for social good. Of the students engaged last year alone, approximately 45 percent of the students were girls.
TCS and Discovery Education’s IMFIS program has empowered 11,625+ teachers using a transdisciplinary approach to integrate computational thinking into every subject, reaching over 673,415 students since September 2017.
Since 2014, TCS has been among the top two U.S. job creators in the IT services and consulting sector, hiring more than 20,000 new employees. TCS is dedicated to enabling a future-ready workforce and offers many learning experiences that focus on reskilling and upskilling. In 2019, 90 percent of its U.S. workforce was re-skilled in the latest digital technologies, tools and platforms.
About Points of Light
Points of Light – the world’s largest organization dedicated to volunteer service – mobilizes millions of people to take action that is changing the world. Through affiliates in 250 cities across 37 countries and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 20 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, go to www.pointsoflight.org.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India’s largest multinational business group, TCS has over 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
TCS to Launch Digital Acceleration Centre in Singapore
Powered by Tata Consultancy Services’ Business 4.0™ Model, the Digital Acceleration Centre Aims to Support Singapore’s COVID-19 Recovery and Future-readiness
SINGAPORE, June 10, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, has announced plans to launch a Digital Acceleration Centre (DAC), supported by the Singapore Economic Development Board (EDB), that would support Singapore’s businesses in their COVID-19 recovery and future-readiness. Aligned with Singapore’s Smart Nation pillars, the DAC aims to build a robust, future-ready workforce to power the country’s economic recovery from the global pandemic.
As part of this initiative, TCS’ investment will include providing up to 100 traineeship opportunities for local polytechnic and university graduates through Workforce Singapore’s SGUnited Traineeships Programme, to support the DAC. The centre will provide trainees with an immersive, real-world learning experience, as well as the opportunity to work on live projects with TCS’ diverse range of clients.
The launch of the DAC supplements existing initiatives by TCS in collaboration with the Infocomm Media Development Authority, such as the Company-Led Training program and TechSkills Accelerator Mid-Career Advance, to equip professionals with competencies to excel in the technology industry.
The nine-month Traineeships programme consists of foundational, specialised, and hands-on training courses for intensive skill building through various formats including webinars, assessments, and hackathons. It focuses on nine key aspects of cutting-edge technology: cloud adoption, UI/UX, legacy modernization, cyber security, DevOps, digital workplace, artificial/ augmented intelligence, Internet of Things, and digital interfaces – critical focus areas for Singapore’s Smart Nation ambitions. On completing the programme, well-performing trainees will be considered for open opportunities at TCS. The DAC will continue to provide specialised skill enhancements for these trainees even after they are hired, constantly raising the digital capabilities of the workforce.
As part of TCS’ ongoing efforts to support Singapore’s national technology agenda, the centre will drive the Smart Nation pillars of Digital Economy, Government and Society through strategic partnerships and initiatives. These initiatives will contribute towards the upskilling and reskilling of Singapore’s workforce and encouraging digital literacy for seniors.
“The launch of the Digital Acceleration Centre in Singapore by TCS will give our university and polytechnic graduates opportunities to build desirable digital skills and enable businesses to adapt to the new operating environment amid the pandemic,” said Chng Kai Fong, Managing Director, EDB. “The centre is testament to TCS’ continued confidence and commitment in our partnership and to Singapore. We are also especially heartened that TCS is supporting our young graduates with traineeship opportunities during this challenging time and equipping them with skills for the future.”
“We are delighted to launch the Digital Acceleration Centre, with support from the Singapore Economic Development Board. Through this centre, we hope to enhance the resilience and adaptability of Singapore’s businesses for a robust economic recovery in the post-pandemic business environment,” said Girish Ramachandran, President, TCS Asia Pacific. “TCS is committed to investing in Singapore’s young talent to make the country’s world-class tech talent ecosystem future-ready and contribute to the flourishing Smart Nation project.”
Over the course of the next 12 months, TCS will invest an estimated SG $3 million in hiring and training initiatives aimed at supporting Singapore’s overall Smart Nation efforts.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organisation that has been partnering with many of the world’s largest businesses in their transformation journeys for the last 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognised as a benchmark of excellence in software development.
A part of the Tata group, India’s largest multinational business group, TCS has over 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
About TechSkills Accelerator (TeSA)
An initiative of SkillsFuture, TechSkills Accelerator (TeSA) aims to build and develop a skilled Information and Communications Technology (ICT) workforce for Singapore’s digital economy. TeSA is driven by the Infocomm Media Development Authority (IMDA) and in collaboration with the industry, SkillsFuture Singapore, Workforce Singapore and the National Trades Union Congress. IMDA takes an integrated approach to ICT skills acquisition and practitioner training, enabling professionals to acquire the relevant in-demand skills.
