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Report Highlights Tata Consultancy Services’ Strong Product Strategy, Comprehensive Set of Healthcare-focused Analytics Solutions, Investments in R&D, Cited as Key Strengths
NEW YORK | MUMBAI, December 27, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), has been recognized as a Leader in the Everest Group PEAK Matrix® for Healthcare Analytics Services1.
The report highlights that TCS has one of the strongest product strategies among its peers. The company’s investments in research and innovation, CoEs, digital labs, and university partnerships covering AI, blockchain, IoT, and NLP have been recognized as key strengths.
It said that TCS exhibits strong execution capabilities across the analytics value chain. A key strength cited is TCS’ ability to provide clients an end-to-end experience from consulting to BI and augmented AI through its set of solutions such as Human Digital Skin Twin, ignio™ for advanced analytics, value-based care platform and TCS Health 360 for member engagement.
Additionally, it highlighted TCS’ strong focus on retaining and upskilling talent organically through investments in talent development and academic partnerships, that have contributed to one of the lowest attrition rates in the industry among peers and helped it to offer seamless experience to our clients.
“TCS helps leading healthcare enterprises with next-gen analytics to gain better health insights, enhance patient outcomes and improve customer experience,” said Nitin Kumar, Global Head, Healthcare Business Unit, TCS. “This recognition is a reflection of our deep contextual knowledge, holistic ecosystem-based offerings and intellectual property in data, analytics and AI. Our consulting-led transformation approach helps our customers improve the health and wellness of the communities they serve.”
TCS partners with healthcare enterprises across the world to enable their digital transformation journeys by leveraging its Business 4.0™ framework and Machine First™ approach. It offers a full set of offerings including digital services, IT transformation and operations, consulting, and domain services to help healthcare companies elevate stakeholder experience, introduce new products, enable ecosystem partnerships, and ensure the highest level of quality and compliance in operations.
TCS uses its industry-recognized frameworks such as Decision Fabric™, Datom™, and Daezmo™ to support clients' data and decision transformations. TCS has made strategic investments in building a comprehensive portfolio of analytics-based solutions, and domain-specific platforms. These include platforms for value-based care, end-to-end patient engagement, enrollment, claims pattern detection, and claims denial analytics.
TCS innovative research initiatives include a translational research platform, functional genomics platform, behavioral health, and Data for Good Ecosystem.
“COVID-19 pandemic has accelerated the adoption of analytics as enterprises need to become more agile and meet the unprecedented demands faced by the healthcare ecosystem. Enterprises are now using analytics for improved financial and care outcomes, as well as for operational efficiency,” said Chunky Satija, Practice Director, Everest Group. “TCS' wide portfolio of healthcare analytics offerings supported by strong execution capabilities has enabled it to deliver significant value for clients. TCS' focus on talent management and investments in research and innovation has further strengthened its positioning as a Leader in Everest Group’s Healthcare Analytics Services PEAK Matrix® Assessment 2022.”
About Tata Consultancy Services (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 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 528,000 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 Healthcare Analytics Services PEAK Matrix Assessment, Abhishek Singh, Ankur Verma, Chunky Satija, Everest Group, November 18, 2021
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