TCS and GE’s Power Services Business High Performance Platform Delivers Crucial Data, 90 Percent Faster than Existing Solutions, Reducing Financial Closure Cycle Time by 20 Percent
SAN FRANCISCO | MUMBAI, September 7, 2017: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, and GE’s Power Services business (PS), have together completed a complex integration of field service technician information into a Services Data Lake. The platform improves financial process efficiency for power generation asset service operations by integrating disparate data of service work orders and case management from multiple product and service lines including parts, services and repairs.
TCS partnered with GE to deliver Business Data Object Modelling, designed for high performance analytics and reporting. The Services Data Lake digital platform delivers crucial data that is refreshed 90 percent faster than existing solutions, leading to a 20 percent reduction in financial closure cycle time. The platform helps consolidate contractual, parts, technician, and repair services data from individual product and service lines, thereby overcoming challenges such as slower data collation, delays in performing quarter end and period closures and predictive analytics failure.
“TCS’ deep understanding of information technology and operational technology data has helped to build a high-performance platform for driving efficiencies in services,” said Anupam Singhal, Senior Vice President, TCS. “Executives can improve how they manage their assets with predictive analytics and drive business results in the power sector.”
A recent IDC survey published in the white paper, “Data Analytics Infrastructure and the Essential Data Lake: A Global Study,” sponsored by Dell EMC, which involved more than 1000 respondents, found that more than 25 percent of companies need to overcome challenges due to complexities in data integration, correlation and causality derivation. And, a similar number of companies feel managing scalability is a key hurdle to overcome for their data analytics infrastructure.
The Services Data Lake platform helps overcome these challenges by achieving data correlation across business functions, delivering higher data refresh frequencies, and building data consumption layers for faster financial activities closure during the reporting period. The Services Data Lake platform also supports IoT applications running on GE Predix to use data better and make analytics-driven decisions stronger and faster in the enterprise.
“TCS has been an excellent partner from the beginning of this initiative,” said Tom Ruddy, Data Utilization Leader for GE’s Power Services business. “Their effective collaboration with GE’s leadership, and their implementation expertise has helped us achieve our desired outcomes and realize the vision of self-service data infrastructure. They have implemented onboarding and training programs to minimize the impact of organizational change and deliver consistent value throughout the duration of this program.”
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 385,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.6 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
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