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Tata Consultancy Services’ Domain Expertise, Strategic Partnerships and Capability to Drive Impactful Business Outcomes Leveraging Digital Twin and AI Technologies, Cited as Key Strengths
NEW YORK | MUMBAI, February 22, 2024: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a Leader in Everest Group’s PEAK Matrix® for Digital Twin services[1]. TCS was placed highest for its market impact, vision and capability among the 21 IT service providers assessed in the report.
According to the report, TCS excels as a technology transformation partner by leveraging digital twins and AI for impactful business outcomes. It highlights the fact that clients highly value TCS’ domain expertise due to its familiarity with diverse business problems and technical aspects. The report also mentions that TCS’ strategic partnerships with digital twin specialists enable it to scale client engagements effectively.
“TCS helps clients across industries leverage digital twin technologies to accelerate their research, innovation, and new product launches, improve asset performance, and drive competitive differentiation and business growth,” said Regu Ayyaswamy, Global Head, Internet of Things & Digital Engineering, TCS. “This leadership position is a recognition of our vision, strategy, investments in innovation, comprehensive solutions and the resultant market success.”
TCS’ digital twin services span consulting, design and implementation, maintenance, and management. Over the years, TCS has enriched its services with a strong portfolio of enterprise and industrial digital twin platforms and solutions that make industrial operations predictive, prescriptive and self-aware, generate valuable insights by running advanced analytics on sensor-generated time-series data and help improve business decisions by running what-if analysis with entity twins. These solutions extensively use AI and machine learning techniques to develop and experiment with digital models of real word objects and can be deployed on cloud, in addition to on-premise hosting. These digital twin technologies are being implemented to drive manufacturing excellence, make factories cognitive and enhance sustainability.
At TCS, the combination of IoT technologies, data science and engineering along with rich domain knowledge and global consulting expertise has led to the development of comprehensive digital twin solutions which are being adopted by customers across the globe to realize several benefits like reducing unplanned downtime through predictive maintenance and equipment health estimation; reducing time to build, market and scale; tracking product quality; enhancing revenue growth and improving customer experience. Key proprietary solutions include:
“As the digital twin market advances, TCS stands out as the preferred technology transformation partner for the enterprises," stated Parul Trivedi, Practice Director, Everest Group. “TCS excels in leveraging digital twins to deliver significant business outcomes for its clients. With a suite of enterprise-grade platforms and unparalleled domain expertise, capable of addressing a wide array of challenges and technical intricacies, TCS has therefore emerged as a Leader in the Digital Twin Services PEAK Matrix Assessment. Furthermore, TCS' strategic partnerships with digital twin specialists enhance scalability, ensuring it remains at the forefront of digital twin innovation.”
[1] Digital Twin Services PEAK Matrix® Assessment 2023, Ronak Doshi, Everest Group, 25 August 2023