Digitate Debuts SaaS for Entire ignio™ Product Suite to Increase Business Agility and Scalability

Digitate, a software venture of Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced the release of a Software-as-a-Service (SaaS)-based version of its entire ignio™ software suite that addresses business needs using artificial intelligence and machine learning (AI/ML) for rapidly growing enterprises. The SaaS version of the ignio software suite enables quick configuration and deployment, high scalability, and cost-effective pricing along with strong security and consistent availability with the latest updates.

Consisting of five standalone software products - ignio AIOps, ignio AI.WorkloadManagement, ignio AI.ERPOps, Cognitive Procurement and ignio AI.Digital Workspace - the ignio software product family blends artificial intelligence and machine learning to deliver autonomous enterprise IT and business operations, with out-of-the-box features that enable it to execute many routine tasks autonomously. With ignio, operation teams can quickly address pain points, identify the source of programs and fix them autonomously, freeing up time and resources to devote to innovation and high value work.

Tim Grieser, Research Vice President, Enterprise System Management Software, IDC, said: "The key benefits of SaaS solutions emphasize the ability to scale and move quickly. In recent years, the majority of enterprise IT buyers have embraced SaaS-enabled software as a viable option to replace on-premises packaged applications. Key drivers include greater business and IT agility, modernization/replatforming of applications, faster access to new functionality, and the ability to better align spending with usage1."

Akhilesh Tripathi, Global Head, Digitate, said: "With ever increasing volumes and velocity of data in the enterprise; it's becoming impossible to detect, diagnose and resolve critical issues quickly. ignio helps IT teams solve pain points, maneuver through the chaos, identify the source of problems and fix them autonomously. With the ignio SaaS offering, enterprises can avail a secure operations with scale and accommodate their growing needs leading to faster return on investments."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.1971.55 as compared to the previous close of Rs. 2005.2. The total number of shares traded during the day was 222964 in over 9354 trades.

The stock hit an intraday high of Rs. 2002.35 and intraday low of 1962.9. The net turnover during the day was Rs. 442905653.

1IDC, Worldwide System and Service Management Software as a Service Forecast Update, 2019-2023 By: Mary Johnston Turner, Tim Grieser, Shannon Kalvar

Source : Equity Bulls

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