Tata Consultancy Services Expands its Co-Innovation Network with this Partnership to Research Leading-edge Technologies for Real-world Applications
TOKYO | MUMBAI, October 4, 2018: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, and Institute of Industrial Science, The University of Tokyo (IIS, UTokyo), one of Japan’s leading research institutes for engineering disciplines, have signed a memorandum of understanding (MoU) to collaborate on technology research and facilitate inter-personnel exchange.
The partnership is the latest addition to TCS’ Co-innovation Network (COIN™) which brings together the best of academia, research, tech start-ups, and alliance partners from across the world to collaborate and conceptualize innovation that helps customers in their digital transformation journeys.
The MoU opens the prospect of TCS and IIS, UTokyo working together on fundamental research, technology validation and the real-world applications and commercialization of technologies, commencing in the area of robotics. It also paves the way for an exchange of scholars and researchers between the two organizations.
Prof. Toshiharu Kishi, Director General, IIS, UTokyo, said, “We warmly welcome this strategic partnership with TCS, and see it as one of our gateways to capitalize the wealth of technological expertise that India’s finest talent has to offer. I have great conviction that IIS’ extensive research in the many fields of engineering, when amplified through the international industry-academia collaboration with TCS and its partner ecosystem, will contribute significantly to society through the creation of compelling value and answers to some of today’s most pressing challenges. I also believe the inter-personnel exchange between our organizations will contribute to IIS’ mission to nurture the next generation to shoulder such responsibilities.”
“In a Business 4.0™ world, building and leveraging a partner ecosystem is of strategic importance in creating and delivering value. This is the core idea underpinning our Co-Innovation Network that brings research and technology breakthroughs from academia to meet real-world customer needs,” said K. Ananth Krishnan, Executive Vice President and Chief Technology Officer, TCS. “TCS is pleased to strengthen its network and partner with the Institute of Industrial Science, UTokyo.”
“We are honored to partner with a Japanese research institute of this caliber. Such partnerships with academia are a crucial component of our endeavors to support our customers’ transformation to become Business 4.0-ready enterprises,” added Tetsuya Nakamura, Vice President and Chief Digital Innovation Officer, TCS Japan.
About Institute of Industrial Science, the University of Tokyo (IIS, Utokyo)
Institute of Industrial Science, The University of Tokyo (IIS, Utokyo), is a research institute covering almost all the areas of engineering disciplines. It is mainly located in Komaba, Meguro-ku, Tokyo. Each of more than 110 faculty members – professors, associate professors and lecturers – has his/her own laboratory and more than 1,000 researchers come to IIS from inside and outside of Japan. They are carrying out various research – from fundamental research to applications – which opens future life. Laboratories belong to one of five research departments. About half of them belong also to an extraordinary research department, a guest chair, corporate sponsored research programs, social cooperation programs, research centers or collaborative research centers. Some laboratories join and form a research group, a study group or a research unit with a common purpose of research and sometimes they develop into research centers which can have their own budget and space. For more information, please visit www.iis.u-tokyo.ac.jp
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 IT, Business & Technology Services, and engineering. 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 400,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 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, please visit www.tcs.com
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