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TCS Positioned as a Market Leader in Digital Engineering by HFS Research

Posted On : 2023-05-24 23:38:16( TIMEZONE : IST )

TCS Positioned as a Market Leader in Digital Engineering by HFS Research

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a Market Leader in the HFS Horizons for Digital Engineering Service Providers.

"Organizations partner with TCS to accelerate their digital transformation journeys by embracing digital engineering and IoT to create intelligent and sustainable products, realize new business models, drive business agility and elevate the customer experience," said Regu Ayyaswamy, Global Head, Internet of Things & Digital Engineering, TCS. "This positioning as a Market Leader is a testament to our IoT and digital engineering vision, consulting-led approach, and deep domain and technology knowledge."

TCS' IoT and Digital Engineering framework, Bringing Life to Things™ helps customers respond to physical context with digital intelligence to unlock exponential business value through new business models, seamless customer experience, an optimized and responsive value chain. This framework enables organizations to 'connect in context' with predictive and self-aware systems to become boundaryless, pervasive and deliver rich experiences.

TCS offers a comprehensive portfolio of IoT and digital engineering related intellectual property and services spanning strategic planning, systems design, implementation, technical and business integration services, and post deployment support and maintenance. TCS' Digital Platform Engineering services enable customers to accelerate platform-driven business and adopt the anything-as-a-service model.

The company's solutions are focused on driving enterprise-wide transformation for customers across industries like manufacturing, CPG, retail, energy, utilities, transportation, logistics, life science and healthcare, hi-tech and telecom. Proprietary solutions include:

TCS InTwin: A customized platform that uses AI techniques to enable organizations to accelerate development and deployment of digital solutions. It unlocks the power of knowledge, data, and engineering sciences to make industrial plants intelligent, responsive, and future-ready.

TCS DigiFleet™: An IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights to customers about their fleet and freights and helps enhance visibility, operational efficiency of their logistics on the move.

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 Mastercraft™ and Jile™ product suites: Enable faster software product releases in an agile mode, with a high degree of automation.

"TCS has emerged as a Horizon 3 market leader in the Digital Engineering Service Providers Study with its deep industry knowledge and maturity across the digital engineering value chain. It is heavily invested in developing cutting-edge technology expertise and fostering collaboration and strengthening its ecosystem to develop new capabilities and solutions," said Nandini Tare, Associate Practice Lead, HFS Research.

"We make strategic investments in a comprehensive portfolio of intellectual property solutions and assets under our Bringing Life to Things framework, with which we help clients embrace innovative business and operating models to become future ready," added Regu Ayyaswamy.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3301.05 as compared to the previous close of Rs. 3295.70. The total number of shares traded during the day was 11292 in over 1757 trades.

The stock hit an intraday high of Rs. 3317.35 and intraday low of 3268.00. The net turnover during the day was Rs. 37280806.00.

Source : Equity Bulls


TataConsultancyServices INE467B01029 TCS MarketLEader HFSHorizons