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TCS Launches MasterCraft™ TransformPlus v4.0

Posted On: 2019-06-03 16:50:41

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced the release of TCS MasterCraft™ TransformPlus 4.0, a major upgrade of the product, with new cognitive features for analysis and modernization of legacy applications. The new release will help enterprises embarking on digital transformation journeys further reduce the risk of business disruption and ensure high quality outcomes.

TCS MasterCraft TransformPlus is an intelligent automation product for end-to-end enterprise application modernization, supporting a wide range of programming languages in the market, from legacy to modern technologies. Capabilities include code analysis, business rules extraction and documentation, requirements modeling, specification-driven generation of code, microservices and configuration scripts, application cloud migration and enterprise data migration. TransformPlus has analyzed more than 1 billion lines of legacy code so far, extracted business rules, and documented them for business reference and decision-making.

TransformPlus v4.0 is further enriched with cognitive features that automate the creation of functional specification documentation and extraction of business rules and data lineage. TransformPlus' patented analysis engines and transformation workbenches help organizations assess their current applications, understand the magnitude of change required for modernization, analyze the impact of the change, and take informed decisions.

"Our research suggests 75% of enterprises plan to proactively invest in modernizing their systems," said Yugal Joshi, Vice President, Everest Group. "Enterprises seek solutions to automate and industrialize the processes to extract business rules, data, and functionalities from legacy systems not only to improve time-to-market, but also to increase business confidence in modernization initiatives."

"Application modernization is a critical component of the transformation journey towards building a digital core that future-proofs the enterprise. As the pace of technology change is rapid, enterprises intend to embark on continuous transformation to minimize the footprint of technology debt. Therefore, it is imperative for enterprises to embrace tool-based automation that supports an array of technologies." said Vijayalakshmi Gopal, Business Head, TCS MasterCraft. "TCS MasterCraft TransformPlus' core power lies in its intelligent automation and cognitive capability, built from TCS' wide experience in executing large and complex transformation engagements. With the new version of TransformPlus, we have further enhanced the product's ability to accelerate our customers' Business 4.0™ transformations through intelligent automation capabilities."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2240.35 as compared to the previous close of Rs. 2196.85. The total number of shares traded during the day was 292099 in over 6946 trades.

The stock hit an intraday high of Rs. 2248 and intraday low of 2186. The net turnover during the day was Rs. 649702896.


Source: Equity Bulls

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