Tata Consultancy Services to Build a New Platform that Leverages AI and Machine Learning to Enable Faster Evaluation of Corporate Governance in Asia
SINGAPORE, APRIL 7, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) and the Centre for Governance and Sustainability (CGS) at the National University of Singapore (NUS) Business School have announced their collaboration to make corporate governance assessment quicker and more efficient. This will contribute to the betterment of professional practices among institutions, government bodies and businesses in Singapore and Asia.
The collaboration taps on solutions accelerators and technology expertise of TCS, as well as corporate governance insights of CGS in creating a platform, that leverages pre-built assessment framework, powered by artificial intelligence and machine learning, which can acquire and process corporate governance data from various sources.
Traditionally, researchers comb through companies’ websites to obtain their annual reports or sustainability reports. Retrieving specific information from these reports of different formats, for a fair comparison of how companies are governed, is also a manual process.
The AI platform, which is powered by TCS ESG Integration Solution, will reduce the time needed to collate the data, freeing up time for researchers to do a deeper analysis of companies’ corporate governance practices. The platform can also generate information dashboards for quick data presentation.
Professor Lawrence Loh, Director, CGS, said, “The collaboration with TCS will give CGS greater capability in evaluating corporate governance practices in a shorter time and on a wider scale. For example, we can assess more companies in Asia. Learning how these companies fare in corporate governance will produce valuable insights for investors.”
“We are excited to partner with CGS in their digital transformation journey. TCS shares the same values and passion to build a culture of excellence in corporate governance and sustainability in Singapore and the rest of Asia,” said Ameet Nivsarkar, Country Head, TCS Singapore. “Our contextual knowledge, domain expertise, comprehensive portfolio of solutions and investments in innovation, make us a preferred partner to enterprises in the region to simplify, strengthen and transform their businesses.”
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 556,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, 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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