TCS Named a Leader in IoT Services in Asia Pacific by Independent Research Firm

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in The Forrester Wave™: Internet of Things (IoT) Consultancies in Asia Pacific (APAC), Q2 20201.

According to the report, "TCS' key strengths are its deep technology expertise, broad IP portfolio, and excellent platform and solution managed services; its IoT innovation capabilities are flanked by strong data, analytics, and security for IoT. The provider's strategic strengths are its innovation roadmap and consistent market approach and presence across AP[AC]." It goes on to say, "TCS bridges the divide between IT and operational technology in its focus industries, where its expertise stands out. This makes TCS a good match for clients whose IoT initiatives require a combination of deep expertise in IT infrastructure operations and experience in operations and engineering, particularly in realizing use cases in the smart industry and energy and utilities sectors."

"Enterprises are focusing on becoming purpose driven, adaptable and resilient to succeed in the post COVID -19 world. IoT and digital technologies enable every function of the organizations to adapt to the new normal with connected assets, resilient supply chains and enhanced employee safety," said Regu Ayyaswamy, Global Head, Internet of Things and Engineering & Industrial Services, TCS. "We believe that this recognition is a testimony to our vision, capabilities and market success in delivering large scale IoT transformations for our APAC customers."

TCS' IoT framework 'Bringing Life to Things™' helps customers build predictive and self-aware systems that can sense and intelligently respond to changes in the physical environment. Using this framework, organizations can create new, boundaryless and pervasive business models, seamless customer experiences, optimized and responsive value chains, and enhanced safety and security at the workplace. Its value-driven implementation plan with IoT use cases helps organizations move above the digital maturity curve.

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 Digital Manufacturing platform: A comprehensive cross-industry platform that enables multiple advanced digital capabilities for a manufacturing enterprise. These capabilities include autonomous operations, performance management, condition-based monitoring, descriptive diagnostics and prescriptive analytics to improve throughput, equipment reliability and quality.

- TCS OT Cyber Security: A digitized framework for manufacturing plants that provides complete visibility into the current security posture and the roadmap to adopt a robust security model. In the current scenario where OT security is of paramount importance, this framework helps in keeping plants safe.

"Our Bringing Life to Things™ IoT business framework, investments in innovation and proprietary solutions, IoT capabilities, strong partner network, and unique business value driven approach make TCS a preferred partner for IoT transformations," said Regu Ayyaswamy.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2070.9 as compared to the previous close of Rs. 2048.1. The total number of shares traded during the day was 248364 in over 12687 trades.

The stock hit an intraday high of Rs. 2095 and intraday low of 2062.6. The net turnover during the day was Rs. 516666825.

1 The Forrester Wave™: IoT Consultancies in Asia Pacific, Q2 2020, Achim Granzen, Forrester Research, April 30, 2020

Source : Equity Bulls

Keywords