TCS Named a Leader for Life Sciences R&D Strategic Consulting Services for Second Consecutive Time by IDC MarketScape
TCS’ technical skills, deep industry knowledge, and competent end-to-end project delivery capabilities, cited as key strengths
MUMBAI, September 24, 2018: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader for the second consecutive time, in the IDC MarketScape for Worldwide Life Science R&D Strategic Consulting Services.
According to the report, “TCS has extensive experience working with life science companies across all three sections of the industry: pharmaceutical, biotech, and medical devices.” The report also noted, “Relative to other vendors discussed in this study and based on feedback from customer references, TCS received high marks for its technical skills, deep industry knowledge, competent end-to-end project delivery capabilities, and willingness to work as a partner to develop solution offerings on the cutting edge of life science innovation (e.g., TCS' Advanced Drug Development platform).”
“The life sciences industry continues to explore new growth avenues through technology-led innovations, proactive M&A pursuits, development of niche drugs, to enhance patient engagement and accelerate Business 4.0™ transformations,” said Debashis Ghosh, President, Life Sciences and Healthcare, TCS. “This recognition by the IDC MarketScape is a validation of our vision, focus on innovation, and capabilities in consulting and advisory services.”
TCS partners with leading life sciences companies to drive innovation and reimagine their R&D processes by leveraging next generation platforms and emerging technologies. TCS offers a full set of services spanning advisory, digital transformation, and cognitive business operations in areas such as M&A and divestitures IT consulting, supply chain management, digitization of clinical trials, paperless and integrated lab environment, Blockchain-enabled clinical supply chain, AI enabled case processing, and discovery collaboration. The solutions use a combination of artificial intelligence, cognitive computing capabilities, robotic process automation, Internet of Things and cloud to fully digitize life sciences value chain.
TCS’ genomics and translational research offerings also deliver differentiated value to life sciences companies by combining bioinformatics analysis and DNA sequencing lab capabilities for emerging genomics-driven R&D initiatives.
Using TCS’ Business 4.0™ thought leadership framework and deep contextual knowledge, its Life Sciences consultants help customers leverage digital technologies to gain a distinct edge in areas such as patient centricity, accelerated drug discovery, and clinical development.
“Strategic consulting in life sciences is more important than ever as industry transformation moves forward. Partnering with a strategic consulting service provider is a core strategy for success. TCS' Business 4.0™ thought leadership framework, technical and domain focus and ability to successfully partner with customers for development of cutting-edge life science innovations, makes it a preferred transformation partner to address strategic consulting needs,” said Alan S. Louie, Research Director, IDC Health Insights Life Science R&D Strategies and Technology Research.
“Our Business 4.0™ vision, vast technical and domain knowledge, investments in future-ready solutions, and next generation platform solutions, position us as a preferred consulting partner for our customers in the life sciences industry,” added Debashis Ghosh.
About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Tata Consultancy Services Ltd. (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 the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. 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 400,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $ 19.09 billion for year ended March 31, 2018 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 Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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