Tata Consultancy Services Strong Domain Expertise, IP in Connected Platform-Based Services and Security Services, and Collaboration for Innovation, Cited as Key Strengths
NEW YORK | MUMBAI, August 30, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as a Leader in Everest Group’s PEAK Matrix® for Connected Medical Device Services1.
The report highlights TCS’ strong IP play in connected platform-based services and security services, including TCS Connected Universe Platform, InTwin™, Heathsense Platform, TCS Health 360, TCS Health Optix Platform, and TCS Cyber Vigilance Platform. Cited as a key strength is TCS’ willingness to collaborate with clients for exploring new innovative ideas, helping it build long-standing client relationships and credibility to win new project bids.
It goes on to say that the company’s good domain expertise helps in understanding the client landscape and business requirements and its industry-specific thought leadership target connected medical device themes. TCS’ global delivery team with the right skill crossovers of engineering and technology were also cited as key strengths.
“Medical devices and pharmaceuticals companies are partnering with TCS to digitize their products and processes to rationalize the product line, innovate at speed and scale, launch new products faster and enhance competitive differentiation,” said Vikram Karakoti, Global Head, Digital Medicine and Medical Technologies, Business Transformation Group, TCS. “This leadership position is a reflection of our vision and strategy, capabilities, investments in research, innovation and intellectual property, and the resultant market impact.”
TCS offers end-to-end engineering services for the medical devices and pharma industry spanning the product lifecycle, from ideation to product commercialization and supply chain management. TCS’ Medical Devices division is an ISO13485 certified design house that develops and implements manufacturing solutions that integrate shop-floor automation, manufacturing execution systems and enterprise systems.
TCS services include knowledge-based engineering, digital manufacturing, product lifecycle management, technical publications, unique device identification, engineering process outsourcing, plant solutions and manufacturing operations, asset management, remote monitoring, and diagnostics.
TCS provides transformational, industrial solutions in medical technologies that are shaping a new age of patient care. TCS is helping companies enhance their competitive advantage by working with them to enhance R&D productivity, reduce time-to-market, minimize costs, improve supply chains, tap new markets, strengthen relationships with partners, adapt to market changes quickly and proactively seek new opportunities.
“Building a secure and interoperable data platform is the first step towards a connected care ecosystem and enterprises are looking at service providers over product vendors to support them,” said Chunky Satija, Vice President, Everest Group. “A wide range of service offerings across the MedTech value chain combined with strong IP-play in the connected platform-based services and security services made TCS a Leader on Everest Group’s Connected Medical Device Services PEAK Matrix Assessment 2022.”
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 606,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com
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