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Tata Consultancy Services’ investments in research and innovation along with continuous expansion of its co-innovation network and the emergence of an Industry 5.0 initiative focusing on cognitive robotics and automation, were cited as key growth proof points
LONDON | MUMBAI, May 17 2024: Tata Consultancy Services (TCS) has been recognized as a Market Leader in the HFS Horizons for Manufacturing Intelligent Operations Services.
According to the report, TCS with its neural manufacturing capability, enables manufacturing enterprises to adapt to digitalization, connecting assets, workers, operations, and the supply chain to drive operational excellence across the manufacturing processes. It further states that the company has depth and breadth in MES transformation, cognitive robotics, and automation solutions. Cited as growth proof points are TCS’ investment in research and development along with continuous expansion of the TCS Co-Innovation Network (COIN™) to strengthen its innovation footprint and the emergence of an Industry 5.0 initiative, which focusses on cognitive robotics and automation to drive robotics and human collaboration.
The report highlights that TCS enhances its capabilities with internal IP developments and an innovation-led approach. It invests in advanced technology such as quantum computing and 6G and focuses on dark / lights-out factory operations. It also stated that customers appreciate TCS for its service delivery, resource skills, thought leadership and reliability, and partners laud it for customer focus, global delivery, industry depth and maturity and strong IPs.
“TCS is enhancing customer capabilities in manufacturing by harnessing cutting-edge technologies such as AI/ML, IoT, robotics, metaverse, digital twins and cloud. By seamlessly integrating these technologies, TCS is spearheading the creation of highly digitized, autonomous, and connected factories that enable data-driven decision-making to transform manufacturing operations and ensure business growth and resiliency in a hyper-competitive world,” said Regu Ayyaswamy, Global Head, Internet of Things & Digital Engineering unit, TCS. “This Leadership position is a testament to our vision, strategy, comprehensive solutions and ability to help manufacturing customers quickly adapt to the changing business needs.”
TCS’ Factory of the Future roadmap helps organizations build factories that can think, feel, and act. With neural manufacturing at the core, these factories run on the principle of continuous learning, have intelligent capabilities and incorporate a responsive value chain. Leveraging its rich pool of technology specialists and multiple decades of experience in manufacturing, TCS is also focused on developing next generation Supply Chain Management (SCM) solutions that incorporate the 3C framework for supply chain transformation to deliver Connected, Collaborative and Cognitive supply chains to large enterprises and enable smart factory operations.
The company helps manufacturers embed sustainability and circular economy principles in their operations, thereby helping them unlock significant economic, social and environmental value that enables sustainable processes, products and services design, connected value chain operations, and purpose-centric ecosystems.
TCS offers end-to-end digital manufacturing services covering the entire gamut of manufacturing and supply chain operations, digital and aftermarket services, and support function activities. Its continuous investment in research and innovation has led to a rich portfolio of intellectual property for smart factory operations. Key proprietary solutions include:
Nandini Tare, Associate Practice Lead, HFS Research, said, “TCS has showcased the depth and breadth of transformation solutions for the manufacturing sector. Its Neural Manufacturing suite of solutions has solutions that the industry can leverage to transform its journey to digital. TCS’ Digital Factory Platform enables connected and intelligent factories which target the key KPIs of manufacturing operations. TCS hits the nail on the head when it comes to addressing the challenges of the industry with progressive solutions. HFS congratulates TCS for being placed in Horizon 3 in the Manufacturing Intelligent Operations study.”