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Tata Consultancy Services’ strength is cited as continuous investments in building verticalized industry cloud solutions
New York | December 18, 2024: Tata Consultancy Services (TCS) has been ranked as a ‘Leader’ in Healthcare Industry Cloud Services PEAK Matrix® Assessment 2024 by Everest Group.
According to the report, TCS is making continuous investments in building verticalized industry cloud solutions and strong relationship with hyperscalers to steer joint go-to-market motions. This has helped TCS gain significant mindshare. The report highlights that TCS leverages multiple cloud-specific centers of excellence (CoEs), digital labs, and research and development (R&D) partnerships to offer comprehensive, complex cloud offerings to complement its strong in-house IP/platforms across payer and provider value chain. The report also speaks about TCS’ consulting-led integration approach, deep domain expertise, and contextualization of solutions that have enabled it to gain wallet share across all major clients’ cloud-related high-value workstream.
It goes on to say that TCS has a balanced shoring mix with presence across onshore, nearshore, and offshore locations, which bolsters its ability to serve healthcare enterprises looking for flexible engagement models and cost arbitrage opportunities.
“TCS, with its deep industry knowledge, technology capabilities, investments in cloud-native, AI-infused resilient solutions, and strong ecosystem partnerships, is leading a large number of business transformation journeys for our esteemed customers,” said Nitin Kumar, Vice President, and Business Unit Head — Healthcare and Med Tech at TCS. “Our positioning as a ‘Leader’ reflects our unwavering commitment to help our healthcare clients maximize the value of their cloud investments.”
With over four decades of experience in insurance, TCS delivers a full spectrum of services to stakeholders across healthcare payer and provider value companies across business, operations, and IT. TCS harnesses its collective expertise in healthcare around the world to provide client-contextualized advisory services on current healthcare industry challenges. Highlighted as key strengths are TCS’ robust set of horizontal cloud solutions, as well as vertical focus. TCS has a comprehensive and strong portfolio of industry-specific proprietary solutions, such as healthcare analytics and data interoperability solutions on hyperscaler cloud platforms that are helping clients leverage cloud-native capabilities.
“Healthcare enterprises are making substantial investments in cloud services due to the need for interoperability, scalability, real-time data sharing, and evolving customer expectations. Now, they are also leveraging verticalized cloud-native solutions to facilitate business use-cases such as real-time patient data monitoring and clinical decision support,” says Kaushik Sundar, Practice Director at Everest Group.“TCS, with its strong focus on building healthcare cloud-native solutions along with its strategic partnerships with hyperscalers and big techs, is able to drive significant value for healthcare enterprises. Alongside its strong cloud capabilities and healthcare solutions portfolio, TCS’ technical expertise of resources and client management has also led to its positioning as a ‘Leader’ in Everest Group’s Healthcare Industry Cloud Services PEAK Matrix® Assessment 2024.”
Disclaimer
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
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 56 years. Its consulting-led, cognitive-powered portfolio of business, technology, and engineering services and solutions 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 601,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of $29 billion in the fiscal year ended March 31, 2024, and is listed on the BSE and the NSE 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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