TCS Named a Leader in IDC MarketScape for Business and Industrial IoT Engineering and Managed Services, Worldwide
Tata Consultancy Services’ Strategy to Enable Customers to Secure Additional Budgets, its Growth Strategy, and the Breadth and Depth of its IoT Services, Cited as Key Strengths
NEW YORK | MUMBAI, June 24, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the IDC MarketScape for Business and Industrial IoT Engineering and Managed Services, worldwide.
According to the report, “Key strengths of TCS include its strategy to enable clients to secure additional budgets, its growth strategy, and the breadth and depth of its services offering.” It goes on to say that: “Buyers lauded TCS for the benefits they received from engaging in a partnership with the company, for its delivery competency, and its partnerships.”
“In the new normal, it is important for organizations to become purpose driven, adaptable and resilient. TCS’ IoT business framework, Bringing Life to ThingsTM helps in achieving this by connecting systems in context, and making them predictive and self-aware,” said Regu Ayyaswamy, Global Head, Internet of Things & Engineering Services, TCS. “Our Leadership positioning is a recognition of our strategies, capabilities and implementation approach in driving large scale transformations.”
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. Its value-driven implementation plan with IoT use cases helps organizations move above 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:
“Our path to value approach, investments in emerging technologies and innovation labs, mature IoT solutions, and Location independent Agile™ approach, make us a preferred strategic partner to help enterprises drive IoT transformations,” said Regu Ayyaswamy.
About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
 IDC MarketScape: Worldwide Business and Industrial IoT Engineering and Managed Services 2020 Vendor Assessment, Doc #US46121220, March 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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