Tata Consultancy Services’ Dedicated Investments in Innovation Labs, IP and Solutions, and Strategic Partnerships, Recognized as Key Strengths
NEW YORK | MUMBAI, April 07, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as a Leader in the Everest Group PEAK Matrix® for Digital Product Engineering Services1.
According to the report, TCS has made dedicated investments in forming strategic partnerships (embedded, hardware, software, and electronics), establishing labs (Telematics, Infotainment systems and Connected vehicles), and developing Intellectual Property (IP) and Solutions (cybersecurity, AR/VR, video analytics and IoT).
The report said that TCS has a well-balanced mix of client portfolios across geographies and industry verticals. Highlighted as a key strength is its willingness to engage through emerging pricing models such as IP based, outcome based, co-innovation, revenue sharing and risk reward models.
“TCS is partnering with product companies to drive innovation using IoT, AI and other digital technologies, to make their products cloud-native and intelligent, and provide rich seamless experiences to customers,” said Regu Ayyaswamy, Global Head, Internet of Things & Digital Engineering, TCS. “This Leadership position is a recognition of our vision, capabilities, and ability to build technologically enriched digital products with our comprehensive solutions.”
TCS offers a comprehensive portfolio of Digital product engineering solutions and services to enable connected, smart, intelligent and autonomous products for customers. TCS’ services span ideation and design, product development, testing and certification, product support and maintenance. These services are being adopted by customers across manufacturing, transportation, logistics, consumer products and goods, automotive, aerospace, energy, utilities, healthcare, life science and hi-tech industries. Key solutions include:
TCS also works with leading independent software vendors to build, transform and maintain their products. TCS’ software product engineering solutions include the TCS TreXaaS platform that enables decision-making to move to the Anything-as-a-Service model (AaaS), TCS Digital Platform Engineering services to accelerate platform driven business and adopt AaaS, TCS Cloud-Native Industrialization platform for blueprinting, cloud-native development, quality assurance, deployment, and operations of SaaS products, and TCS INtelligent ASsurance Optimizer for testing complex products.
“TCS has emerged as Leader in Everest Group’s Digital Product Engineering Services PEAK Matrix® Assessment 2022. The company has established a separate business unit to deliver digital product engineering services and differentiated itself by forming specific GTM partnerships with technology vendors to augment its digital capabilities and drive greater value for its clients. The company successfully offers end-to-end product development services, which are backed by investments in labs and CoEs and IP and solutions in areas such as infotainment, 5G, software testing, VLSI design, and connected healthcare. Given the growing need from enterprises to engineer secure products, it has heavily invested in setting up a dedicated IoT security CoE and forming partnerships with cybersecurity solutions providers,” said Akshat Vaid, Vice President, Everest Group.
“TCS leverages it investments in innovation, technical and engineering excellence, and deep contextual knowledge across industries to help customers build a boundaryless organization, enable quick and automated actions, and create rich experiences for customers with a clear purpose,” added Regu Ayyaswamy.
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 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 556,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021 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 MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com.
1 Digital Product Engineering Services PEAK Matrix® Assessment 2022, Everest Group, Akshat Vaid, March 2022
Phone: +65 9695 9948
Phone: +61 422 989 682
Phone: +1 647 790 7602
Phone: +31 615 903387
Phone: +91 22 6778 9999
Phone: +91 22 67789098
Phone: +81 80 2115 0989
Phone: +521 55 2095 6098
Phone: +44 20 3155 2421
Phone: +1 917 981 7651