8 MINS READ
5G, artificial intelligence (AI), and the internet of things (IoT) have transformed the way people work and live.
According to reports by World Semiconductor Trade Statistics (WSTS), the global semiconductor market grew 6.8% in 2020 and is projected to grow during 2021-2026 at a compounded annual growth rate (CAGR) of 10%. This growth wave provides immense opportunity for future-ready semiconductor companies to increase their revenue with growing demand for high-performance and reliable semiconductor chips.
However, semiconductor businesses need to improve customer experience through long and complex design win sales cycles, navigating complex global supply chains for better visibility and improved yield.
The next-generation Digiverse™ platform from Tata Consultancy Services (TCS) accelerates the digital transformation journeys and drives economies of scale for semiconductor companies.
The fast-evolving and connected technology landscape is further transformed into a modern, digitalized world thanks to the proliferation of smart and AI-powered devices.
Customers are increasingly transitioning from legacy, off-the-shelf offerings to more customized, on-demand solutions. Mergers and acquisitions to gain efficiencies of scale are common in the semiconductor industry, warranting the need for simplified and standardized systems and processes. However, the industry is constrained by operational inefficiencies and lacks the agility to effectively respond to changing customer requirements by rapidly developing and deploying innovative chip designs. This is coupled by the need for improved customer experience which further necessitates advanced capabilities like design to win and smart sales for revenue acceleration.
Many firms have considered investing significant capital expenditure to successfully undergo digital transformation that spans the organizational value chain. However, in an industry that is already pressurized for margins, it has become increasingly difficult to undergo capex-heavy transformations, with higher cost of ownership and multi-year delayed benefits.
Digiverse is an IT as-a-service platform with next generation capabilities, specifically designed to better address the dynamics of the semiconductor industry. Built on best-in-class technologies, the platform helps semiconductor customers in their digital transformation journeys by leveraging over 250 pre-configured business processes
Digiverse supports cohesive integration across sales and marketing, supply, planning, and manufacturing.
The solution helps in cost optimization and accelerates digital transformation, thereby enabling customers to:
With Digiverse, semiconductor companies can reap numerous benefits:
Digiverse leverages TCS’ deep contextual knowledge of the semiconductor industry and provides the following advantages: