Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as a Leader in the IDC MarketScape for GCC Business and Industrial Internet of Things (IoT) Consulting and System Integration services.
It said, "Buyers rated TCS highly in terms of its business and industrial IoT consulting and systems integration services, the company's delivery capabilities, its ability to offer flexible pricing options, and the perceived value for money, innovation capabilities, and communication… IDC considers TCS' strengths to be its portfolio enhancement strategy, R&D efforts, customer engagement, and service delivery."
"TCS leverages its deep contextual and domain knowledge, investments in research and innovation, expertise in AI, ML, IoT and next-gen technologies, and a consulting-led approach, to help leading enterprises harness new business models and create memorable customer experiences," commented Sumanta Roy, Head of Middle East and Africa, TCS. "We are delighted and humbled to be recognized as a Leader in this report. This is a reflection of our vision, strategy, and commitment to grow our customer relationships in the Middle East, and drive superior business outcomes."
TCS offers a comprehensive portfolio of IoT services spanning strategy and consulting services, implementation, technical and business integration services, and post deployment managed services. These services help organizations create new, boundaryless and pervasive business models, seamless customer experiences, optimized and responsive value chains, as well as enhance safety and security at the workplace.
Leveraging its Bringing Life to Things™ IoT business framework and its deep domain knowledge across industries like manufacturing, CPG, retail, energy, utilities, transportation, logistics, healthcare, hi-tech and telecom, TCS has built a rich set of industry-specific IoT solutions with predictive and self-aware systems that use artificial intelligence (AI) and machine learning to sense and intelligently respond to changes in the physical environment. These 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.
- TCS IP2TM: 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 Connected Logistics: A suite of solutions, powered by TCS DigiFleet™, that provides contextual and situational insights on fleet and supply chain operations by analyzing real-time data from a heterogeneous ecosystem. It offers industry-specific features on a software-as-a-service model to accelerate the digitalization of fleet and supply chains.
"Buyers rated TCS highly in terms of its business and industrial IoT consulting and systems integration services, the company's delivery capabilities, its ability to offer flexible pricing options, and the perceived value for money, innovation capabilities, and communication. These factors have encouraged buyers to spend more with the vendor. TCS also rated highly in terms of its ability to provide support at customers' operation locations. Additionally, IDC considers TCS's strengths to be its portfolio enhancement strategy, R&D efforts, customer engagement, and service delivery. Due to the relative strengths of its delivery capabilities and its strategic vision, the company is positioned in the "Leaders" category of GCC IDC MarketScape for business and industrial IoT consulting and systems integration services vendor analysis, 2022," said Krishna Chinta, Program Manager, Telecommunications and IoT, IDC Middle East and Africa.
TCS works with over 120 leading corporations across the Middle East and in South Africa to drive the adoption of advanced technologies and deliver exponential value. In Saudi Arabia, TCS has been actively investing in empowering women through the all-women center, providing employment to almost 1,000 skilled and talented women in the country. TCS won a Bronze for this initiative at the King Khalid Sustainability Award. In addition, the company was named a Top Employer in the Middle East region by the Top Employers Institute for seven consecutive years.
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3407.65 as compared to the previous close of Rs. 3357.45. The total number of shares traded during the day was 43182 in over 4971 trades.
The stock hit an intraday high of Rs. 3418.00 and intraday low of 3355.60. The net turnover during the day was Rs. 146056650.00.