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 IDC MarketScape for Business and Industrial IoT Consulting and System Integration services, worldwide1.
The report noted, "According to IDC, strengths of TCS are its strategy to refine and build new competencies, efforts to assist clients to secure additional or new budgets, and partnership strategy for IoT C&SI services." The report goes on to mention, "Buyers evaluated TCS highly for its scale, experience, and business and technology benefits that were provided because of the partnership."
"Enterprises with greater adoption of IoT are able to achieve resilient supply chains, servitization, and flexible manufacturing operations to stay relevant in the new normal," said Regu Ayyaswamy, Global Head, Internet of Things & Engineering Services, TCS. "This recognition is a testament to TCS' strategy, capabilities and success in helping organizations transform their business models and operations."
TCS leverages its unique consulting-led Value Discovery approach that brings together the right business stakeholders from across functional groups of customer organizations to create their digital and IoT roadmaps. The company's IoT expertise and experience across industries enables it to construct and drive a path to exponential value for customers with relevant use cases and a value-driven implementation plan.
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 I4T framework: A comprehensive framework to assess value through the realization phases of an Industry 4.0 transformation journey. It helps identify automation and digital opportunities across the manufacturing and supply chain operations. It focuses on understanding the customer's productivity, cost, digitization and sustainability drivers, and through Value Analysis and Organizational Change Readiness frameworks, provides visibility on the opportunities that can increase revenue, reduce costs and improve margins.
- 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.
- TCS Energy Management Solution: Leverages IoT and AI to deliver more than 10 percent energy savings year-on-year for buildings, manufacturing plants, and warehouses. In the current situation where energy usage patterns are unpredictable in plants and buildings, the solution helps customers optimize their energy spend.
"Our deep contextual knowledge, investments in new technologies and solutions, business value driven approach, and comprehensive portfolio of intellectual property enables us to help enterprise customers become purpose driven, adaptable and resilient," said Regu Ayyaswamy.
Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2045.35 as compared to the previous close of Rs. 2046.9. The total number of shares traded during the day was 96580 in over 5930 trades.
The stock hit an intraday high of Rs. 2064 and intraday low of 2019.6. The net turnover during the day was Rs. 196883073.
1IDC MarketScape: Worldwide Business and Industrial IoT Consulting and Systems Integration Services 2020 Vendor Assessment, Doc #US46120820, March 2020