Tata Consultancy Services’ Considerable Business Growth, Investments in Proprietary Solutions and Innovation Labs, and Strong Partner Ecosystem, Cited as Key Strengths
NEW YORK | MUMBAI, June 17, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader in the Everest Group PEAK Matrix® for IoT Services, for the second consecutive year. Additionally, it was named a Star Performer for top quartile year-on-year improvement in its scores.
According to the report, TCS’ considerable business growth in IoT over the past year was driven by large scale engagements and progress from proof of concept to production stage. A key strength highlighted was its significant investments in developing proprietary solutions across different verticals and a well-diversified customer base across both industrial and consumer centric IoT verticals. Another differentiator mentioned was TCS’ significant investments in strengthening delivery capabilities through innovation hubs and talent development initiatives.
“IoT adoption and connected assets are helping enterprises ensure seamless customer experiences with minimum field force during the current pandemic. Using the Bringing Life to Things™ framework, we are helping enterprises achieve optimized and responsive value chains, and enhance safety at the workplace,” said Regu Ayyaswamy, Global Head, Internet of Things & Engineering Services, TCS. “This recognition is a testimony to our vision, capabilities, and market success in driving large scale transformations.”
TCS’ IoT framework ‘Bringing Life to Things™’ helps customers build predictive and self-aware systems that can sense and intelligently respond to changes in the physical environment. Using this framework, organizations can create new, boundaryless and pervasive business models, seamless customer experiences, optimized and responsive value chains, and enhanced safety and security at the workplace. Its value-driven implementation plan with IoT use cases helps organizations move up the digital maturity curve.
TCS offers a comprehensive portfolio of IoT-related intellectual property and services spanning strategic planning, systems design, implementation, technical and business integration services, and post deployment support and maintenance. Its IoT solutions are focused on driving business transformation and operations transformation for customers across industries like manufacturing, CPG, retail, energy, utilities, transportation, logistics, healthcare, hi-tech and telecom. Proprietary solutions include:
“Enterprises are increasingly leveraging IoT to accelerate their digital transformation agenda and create new efficiency and revenue opportunities. TCS' investments in developing proprietary solutions, establishing innovation hubs, and leveraging next-generation technology are helping clients in accelerating IoT adoption and realizing benefits,” said Yugal Joshi, Vice President, Everest Group.
“Our Bringing Life to Things™ IoT business framework, investments in innovation, and domain-specific IoT solutions, make us a strategic partner for enterprises in their IoT transformation journeys,” said Regu Ayyaswamy.
 IoT Services PEAK Matrix Assessment 2020, Everest Group, April 2020
About Tata Consultancy Services Ltd. (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 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) 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 Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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