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Tata Consultancy Services’ end-to-end software product engineering services, extensive partner ecosystem, and deep talent pool is propelling innovation across industries
NEW YORK | MUMBAI, June 06, 2024: Tata Consultancy Services (TCS) has been named a Leader in the Everest Group Software Product Engineering Services PEAK Matrix® Assessment 2024.
The report highlights that TCS offers strong capabilities in providing end-to-end services — from product management and development to product operations. Highlighted as a key strength is its robust partner ecosystem comprising hyperscalers, academia, data and analytics partners, and other enterprise technology providers, which it utilizes strategically for co-innovation and joint GTM. It further highlights TCS’ strong global presence and a balanced mix of clients across different geographies and verticals. According to the report, TCS clients appreciate its quick adaptability to business needs, higher product ownership, and flexible engagement and pricing models.
“TCS’ innovation and industry-leading solutions are propelling product engineering transformation at scale for our customers. Through continuous investments in the verticalized domains, research and innovation labs, next-gen AI engineering processes and tools, cutting-edge technologies, green software, and security, TCS is helping customers succeed on their transformation journeys,” said V Rajanna, President, Technology Software and Services, TCS. “This recognition is a testament to our ability to co-innovate new products and solutions with our customers and deliver superior business value.”
TCS is partnering with customers to drive products from inception, and development to global releases, adapting an ‘everything-as-a-service’ business model. TCS engages its strong research and innovation ecosystem, global scalability, best-in-class engineering frameworks and tools, and transformation solutions to scale up innovation and engineering. This helps customers excel in digital platform-led businesses across industries, create new revenue streams, and optimize legacy product portfolios. This strategic focus allows customers to concentrate on next-generation transformations.
These services are powered by TCS’ deep contextual and industry domain knowledge gained from decades of experience working closely with companies in verticals such BSF, insurance, technology, healthcare, retail, communication and media. Adoption of products and tools such as the TCS Mastercraft™ and Jile™ suites of products, investment in AI and cloud, analytics, embedded AI, and advanced technologies like Generative AI and 5G enables TCS to help launch differentiated products and businesses. Key offerings in this domain include:
TCS Software Product Innovation services: Help customers adopt a platform-driven business and the everything-as-a-service model. It helps accelerate SaaSificaiton and cloud transformation journeys.
TCS Products, Frameworks and Tools: TCS’ proprietary tools, methodologies, and products such as Jile™; TCS MasterCraft™, a suite of products for the development lifecycle, digital transformation, data privacy, security, and quality management; and TCS HOBS™, an AI-enabled platform that helps communication service providers enhance customer centricity, personalization, and business responsiveness.
TCS Healthcare Analytics: A product that performs analytics on various sources of data to help identify gaps in care, provide insights on provider network performance, benchmark quality and cost, and improve member or patient satisfaction.
Further TCS is investing in establishing research and innovation labs and CoEs that are driving innovation, especially in the areas of cloud-enabled platforms, SaaSification, digital platform engineering, user experiences, data analytics, automation, AI/ML and verticalized solutions.
“TCS’ software product engineering services play is characterized by an end-to-end coverage of the value chain, a well-diversified client portfolio across verticals, a robust partner network, and willingness to engage via non-conventional commercial constructs,” said Mayank Maria, Vice President, Everest Group. “Ongoing investments in talent upskilling initiatives and IP suite development across cloud, AI/ML, data engineering, automation, and testing have further augmented TCS’ capabilities and growth. Clients recognize TCS for its technical expertise and high product ownership. Based on all these factors, TCS has emerged as a Leader in Everest Group's Software Product Engineering Services PEAK Matrix® Assessment 2024.”