TCS Pace Port™ New York
Powering US clients’ innovation strategies with emerging technologies
TCS Pace Port New York, an innovation center located at Cornell Tech, caters to US clients with realizing their innovation strategies.
Set up to serve all industry verticals, the innovation hub focuses on retail, life sciences, and travel, transportation, and hospitality industries.
Clients can co-create and co-innovate in an ecosystem comprising TCS research and innovation (R&I) contextual masters, academic experts, and startups.
The center offers solutions designed with emerging technologies such as artificial intelligence (AI) and machine learning (ML), internet of things (IoT), advanced analytics, and augmented reality, virtual reality, mixed reality, and extended reality (AR, VR, MR, XR), among others.
TCS Pace Port New York offers facilities, both physical and virtual, for clients to discover, define, refine, and deliver their innovation strategies.
The need for agile methodology
Enterprises, today, opt for agile business strategies to achieve incremental and sustained growth. To help clients in the US create roadmaps for their business transformation journeys, Tata Consultancy Services (TCS) set up Pace Port™ New York, a co-innovation hub and advanced research center.
Located at the Tata Innovation Center at Cornell Tech, Pace Port New York is designed to help clients establish their competitive differentiation through collaboration between TCS, its clients, students and faculty of Cornell Tech, and local startups.
Explore cutting-edge technologies
While the center caters to all industry verticals, it focuses on the retail, travel, transportation and hospitality, and life sciences industries.
Let’s take a look at the retail industry. Retailers need consolidated data foundation in place before fully realizing the benefits of applying AI and ML on large volumes of heterogeneous data such as voice, text, and images. They also need to decide where to automate processes entirely and where human-machine interaction will produce the best results. The innovation hub leverages AlgoRetail™, a TCS proprietary framework for algorithmic retail that uses AI, ML, computer vision, and natural language processing (NLP). TCS integrates data across the retail value chain, using new-age solutions to create automated, intelligent, and agile enterprises.
Similarly, in life sciences, several disruptive factors such as declining pipelines, growth of personalized medicine, increased focus on patient outcomes, and rapidly evolving regulatory environment have necessitated the adoption of advanced digital technologies to reduce clinical trial cycle time, improve research and development productivity, optimize supply chain, and improve sales force effectiveness.
Pace Port New York uses emerging technologies—including AI, ML, IoT, advanced analytics, and AR, VR, MR, XR—to meet these growing needs of life sciences clients. It solves industry challenges by collaborating with businesses, academia, startups, and research thought leaders, and leveraging research investments in areas such as mHealth, personalized medicine, digital clinical trials, digital twins, and connected labs.
How Pace Port New York designs solutions
Pace Port New York guides clients through the discovery, definition, refinement, and delivery phases of innovation by leveraging:
Presentation and engagement facility for clients to visualize the phases of their digital transformation journeys.
Collaborative space for TCS associates, client teams, and promising startups to co-create solutions.
Fully equipped agile working environment to run business solution concepts, with devoted virtual environments engineered to emulate real-world conditions.
A thinking and collaborative research environment enabled by TCS to further the research agenda across cutting-edge technology areas such as AI, blockchain, advanced analytics, cybersecurity, and quantum computing.
What you gain from TCS Pace Port New York
Real-world approach: Cutting-edge collaborative research to address real-world problems
Future-proofing of business: Basis for AI-enabled value chain to support digital system
The Cornell Tech advantage: The collaboration between TCS and Cornell Tech results in an extraordinary ecosystem of diverse industry experts, startups, and academia
Collective intelligence: Critical venture challenges solved via co-creation and co-innovation
Research history: TCS’ deep expertise founded through global network of research labs
The frontrunner advantage: TCS nurtures about 200 innovation ideas every year
A dynamic approach: Adapting agility, speed, creativity, impact, and scalability to stay ahead of market shifts, evolving client needs, and an increasingly complex world of rapidly changing technology