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Tata Consultancy Services’ comprehensive suite of digital transformational solutions and services with its deep domain expertise serves as key strengths for TCS.
NEW YORK | MUMBAI, February 13, 2025: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as a Leader in the IDC MarketScape for Worldwide Life Science R&D ITO Services 2024 Vendor Assessment (doc # US52703324, November 2024).
According to the report, “TCS’ strategic vision focuses on enhancing user experience by design thinking, building intuitive platforms tools/applications and leveraging the power of AI across AI-based drug design, lab transformation, driving AI/ML-based insights for preclinical and clinical domains, automated case processing, aggregate reporting and signal detection and management, and leveraging real-world evidence.”
“Our deep knowledge of life sciences domain coupled with strong technology expertise across the value chain, continued investment in AI powered TCS ADD™ platform and our hyper-automation framework which helps our customers achieve speed and productivity, makes us a strategic partner of choice in the life sciences R&D area,” said Vikas Jain, Head of TCS, Life Sciences.
The report further states that, “TCS is working on commoditizing AI/GenAI to gain efficiencies across the research, clinical, safety, and regulatory value chain. TCS has its worldwide network of Pace Port™ co-innovation hubs, which bring the best of TCS' intellectual content, innovation capabilities, and practices to clients.”
One of the key initiatives for TCS includes its AI-enabled TCS ADD™ platform, a suite of modern and open digital health cloud-based, modular, and scalable platforms, focused on clinical, regulatory, safety, and medical narratives, complemented with its digital and data-enabled R&D transformation capabilities to help customers re-imagine their clinical development journey. “The life sciences industry today is very focused on transforming itself, increasing productivity and scaling innovation, leveraging AI/GenAI. It is seeking partners like TCS, that can not only drive flexibility, agility, and scalability for their IT transformation initiatives, but also bring to the table a blend of deep expertise in technology implementation and strong life sciences domain expertise. TCS differentiates itself with its AI-enabled TCS ADD platform, its focus on GenAI, complemented by its end-to-end project delivery capabilities”, said Dr. Nimita Limaye, Research VP, Life Sciences R&D Strategy & Technology, IDC.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
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.