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TCS Recognized as Leader of the Year in Life Sciences by Everest Group

Posted On: 2020-03-25 12:00:17


Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named the Leader of the Year in Life Sciences in the PEAK Matrix Service Provider of the Year™ awards by Everest Group.

The awards recognize consistent top performers across IT services PEAK Matrix™ assessments. The Leader of the Year award is given to the service provider that is most often positioned as a Leader within specific evaluation categories. TCS was recognized for its performance in the Life Sciences Digital Services and Life Sciences Data and Analytics Services for Sales and Marketing assessments.

"TCS is helping customers harness the power of emerging technologies and reimagine business models to accelerate innovation and enhance patient engagement," said Debashis Ghosh, Business Group Head, Life Sciences and Healthcare, TCS. "This award is a validation of our consistent leadership position that is driven by innovation and continuous investments in future-ready solutions that help us drive our customers' growth and transformation agendas."

TCS collaborates with leading life sciences companies to enable their digital transformation journey by leveraging its Business 4.0™ framework and Machine First™ Delivery Model (MFDM™). TCS offers a full set of advisory and digital transformation services and solutions including data and analytics services, predictive and prescriptive analytics, advanced cloud-based platform solutions, genomics research, cognitive search and digital labs. Early investments in re-skilling employees, identifying key trends, and developing intellectual property, have helped TCS gain significant scale and depth across the life sciences value chain.

TCS' solutions use a combination of commercial analytics, social media analytics, brand insights, multi-channel marketing, AI, big data, cognitive computing capabilities, RPA, blockchain and cloud to reimagine the life sciences value chain. The company's extensive portfolio of intellectual property - such as the award winning TCS ADD suite of Platforms, Cognitive Commercial Intelligence platform, Translational Research Platform, Real World Evidence Platform, Decision Fabric™ engine, Data Estate Modernization and Enterprise Data Lake Framework - helps customers achieve better speed to market and superior business outcomes.

"TCS won the top spot for overall IT services in life sciences in the fifth edition of the annual Everest Group IT Service Provider of The Year Awards," said Nitish Mittal, Vice President, Everest Group. "This placement is the result of TCS' proactive investments in digital transformation capabilities for life sciences, its portfolio of platform-led solutions such as its ADD suite for clinical development, and its consultative engagement approach with clients to unlock business value."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.1702.85 as compared to the previous close of Rs. 1662.65. The total number of shares traded during the day was 156649 in over 11780 trades.

The stock hit an intraday high of Rs. 1767.6 and intraday low of 1652.05. The net turnover during the day was Rs. 270001175.


Source: Equity Bulls

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