Tata Consultancy Services’ Business 4.0 Thought Leadership Framework, Digital Transformational Capabilities and Consistency of Performance Cited as Key Strengths
NEW YORK | MUMBAI, August 2, 2018: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been named a Leader in Everest Group’s Services PEAK Matrix™ 2018 for Life Sciences Digital Services in North America.
The PEAK Matrix™ positioned TCS the highest for market impact, listing its digital transformation capabilities, consistency of performance and next-generation digital solutions – such as the Advanced Drug Development Platform that uses artificial intelligence and IoT for drug development and patient engagement – as key strengths.
“Life sciences companies are accelerating their digital transformation journeys in pursuit of their growth agenda, embracing AI for drug discovery and development, cloud for data management, and automation and IoT for connected health,” said Debashis Ghosh, President - Life Sciences and Healthcare, TCS. “Our Leader position is a validation of our vision and ability to leverage the Business 4.0 thought leadership framework for those transformation journeys and the resultant market success that we are seeing.”
TCS partners with leading life sciences companies in leveraging next generation platforms and emerging technologies to drive innovation, gain speed-to-market and drive internal efficiencies. The company offers a full set of digital transformation services and solutions including consulting, predictive and prescriptive analytics, genomics research, advanced platform solutions and cognitive business operations. Early investments in building capabilities in digital technologies in the form of reskilling the workforce, agile workplaces and intellectual property have helped TCS gain significant scale and depth in the digital space.
TCS’ experts in the life sciences domain work closely with solution architects to come up with innovative solutions that use a combination of user-friendly omnichannel front-end technologies, IoT, big data analytics, cognitive computing capabilities, robotic process automation and cloud to reimagine the life sciences value chain. The company’s extensive portfolio of intellectual property – such as the Advanced Drug Development platform, Decision Fabric™ for drug safety and pharma, Connected Universe Platform and Customer Engagement Platform – help customers achieve better speed to market and superior business outcomes.
“North American life sciences enterprises are getting serious about digital transformation. A mix of market changes and demand dynamics – including the need for faster time to market, acceleration of personalized medicine, movement towards value-based care, evolving patient expectations, and the boost from US tax reform – is driving the change. TCS, with its focus on next-generation digital solutions, such as ADD leveraging AI and IoT for drug development and patient engagement, is emerging as a credible digital transformation partner. With its Business 4.0 framework, TCS is able to position itself as a thought leader to help life sciences clients contextualize the disruptive impact of technology to transform their business," said Jimit Arora, Partner, Everest Group.
“Our Life Sciences domain expertise, contextual knowledge, scale and depth of digital capabilities, investments in intellectual property and focus on the pillars of digital transformation, make us the preferred partner for life sciences customers in their Business 4.0 journeys,” added Debashis Ghosh.
Read TCS' profile in Everest Group's Life Sciences Digital Services for North America Peak Matrix Report
About the Everest Group PEAK Matrix™
In this report, Everest Group has analyzed the digital services capabilities of 23 IT service providers specific to the life sciences sector in North America. These service providers are mapped on the Everest Group PEAK Matrix, which is a composite index of a range of distinct metrics related to a provider’s capability and market impact.
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, visit us at www.tcs.com.
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