Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been honored with the 2020 CIO 100 Award, for delivering business agility through large scale enterprise Agile transformation.
The CIO 100 awards, instituted by IDG, the world's leading technology media, data and marketing services company, recognize innovative organizations around the world that exemplify the highest level of operational and strategic excellence in IT. TCS was recognized for its large scale Agile and DevOps automation transformation implemented internally to enhance its business agility.
The initiative is part of the organization's Enterprise Agile 2020 vision that focuses on building internal readiness to partner with customers who embrace Agile principles across their operating models to deliver continuous innovation and create value at scale. TCS identified and improved multiple internal processes to enhance the customer experience and deliver incremental business value at an accelerated pace. This was accomplished thorough innovative initiatives that involve design thinking and the unique TCS Location Independent Agile™ model.
"Delivering business value through innovative solutions is the top priority for any organization. Our Business 4.0™ framework has enabled our large-scale internal transformation, resulting in increased agility and customer satisfaction," said Abhijit Mazumder, CIO, TCS. "This accolade is a reflection of our ability to adapt to changing business models and deliver strategic value to all stakeholders, while embracing new digital technologies."
"Today's most successful companies are using IT to deliver business value, whether by enabling growth, optimizing business processes, or improving relationships with customers," said Adam Dennison, SVP & General Manager, IDG Events and Publisher, CIO. "We are honored to showcase the technology innovation shown by this year's CIO 100 winners and look forward to celebrating their accomplishments at the CIO 100 Symposium & Awards Ceremony in August."
Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.1798 as compared to the previous close of Rs. 1636.1. The total number of shares traded during the day was 330779 in over 28546 trades.
The stock hit an intraday high of Rs. 1867.95 and intraday low of 1627. The net turnover during the day was Rs. 592395398.