TCS Among Top 3 IoT Service Providers: HFS Research
Tata Consultancy Services’ Industry-specific Solutions, Proprietary Technology, and Centers of Excellence, Cited as Key Strengths
LONDON | MUMBAI, January 23 , 2020: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been ranked in the top three in the HFS Top 10 Internet of Things (IoT) Service Providers Report.[1]
The report highlighted that TCS has developed industry-specific solutions for manufacturing, travel, transport and logistics, energy and utilities, retail and consumer packaged goods, life science and healthcare, banking and insurance, high tech, and telecom. It cited TCS’ intellectual property across digital technologies and IoT solutions, including TCS Connected Universe Platform, SDAF, Peacock, TCS Intelligent power plant (TCS IP2™), iSense (analytics engine), and industry-specific solutions, as key strengths.
The report goes on to say that TCS focuses on developing expertise across edge, cloud, industrial analytics, platforms, security, robotics, and automation through its Centers of Excellence, and invests in innovation centers, labs, studios, and briefing centers.
“In the Business 4.0™ era, organizations are increasingly adopting digital technologies such as IoT to drive transformation of not only their own enterprises but also of entire ecosystems, reimagining business models and enhancing customer experience,” said Regu Ayyaswamy, Global Head, Internet of Things & Engineering and Industrial Services, TCS. “This recognition is a testament to our innovation capabilities, comprehensive portfolio of solutions, and strong customer relationships.”
TCS’ IoT framework ‘Bringing Life to ThingsTM’ 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.
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:
- TCS DigiFleet™: An IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights to customers about their fleet and freights and helps enhance visibility, operational efficiency of their logistics on the move.
- TCS IP2: It combines IoT with AI and digital twin technologies to support critical assets, enhance reliability, improve flexibility, cut emissions, and reduce costs by two to three percent.
- TCS Digital Manufacturing platform: A comprehensive cross-industry platform that enables multiple advanced digital capabilities for a manufacturing enterprise. These capabilities include autonomous operations, performance management, condition-based monitoring, descriptive, diagnostics and prescriptive analytics to improve throughput, equipment reliability and quality.
- TCS OT Cyber Security: A digitized framework for manufacturing plants that provides complete visibility into the current security posture and the roadmap to adopt a robust security model.
“TCS has been setting global benchmarks of service excellence in IoT technology implementations. Their strong execution engine has been helping clients at different stages of IoT applications maturity, to achieve their business-specific goals and strategic outcomes in a sustainable, integrated and consistent manner, rather than just being one-off projects. This client-journey focused approach of TCS’ senior IoT leadership team, and deep domain knowledge of senior tech leaders, are aptly reflected in their talent pool, setting up industry-leading IoT best practices and frameworks,” said Tapati Bandopadhyay, Vice President – Research, HfS Research.
“Our contextual knowledge, domain and industry expertise, proprietary solutions and co-innovation efforts with partners and global academic institutions, help us deliver deep value to our customers,” said Regu Ayyaswamy.
[1] HFS Top 10 Internet of Things (IoT) Service Providers 2019, Tapati Bandopadhyay, Tanmoy Mondal, Mayank Madhur, Josh Matthews, HFS Research, October 2019
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 the last fifty 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 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 450,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019, 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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