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Tata Consultancy Services’ Comprehensive Portfolio of Industry Cloud Offerings Help Enterprises Seamlessly Provision, Deploy, and Use New Functionality within an Industry Cloud
PRESS RELEASE
NEW YORK | MUMBAI, November 14, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a Leader in the IDC MarketScape for Worldwide Industry Cloud Professional Services[1].
“Having progressed in migrating critical workloads to the cloud, our clients are now partnering with us to innovate and explore how cloud-native capabilities can be harnessed to reimagine business models and industry-specific processes. Our deep domain knowledge across multiple industry verticals, our extensive portfolio of frameworks, products and platforms, and our expertise on hyperscaler platforms are helping clients accelerate their digital transformation journeys, enabling competitive differentiation and enhancing customer experience,” said Krishnan Ramanujam, President, Enterprise Growth Group, TCS. “This position as a Leader reflects our strong vision, capabilities, innovation efforts and the resultant market success in industry cloud professional services.”
TCS is following a multipronged strategy in developing its suite of industry cloud professional services and solutions, reimagining existing processes using analytics, AI, and machine learning, and developing functional building blocks that collectively transform customer experience and operations in each industry while enhancing compliance.
Its industry-leading portfolio of intellectual property and its investments in research and innovation have resulted in an extensive catalog of over 100 industry cloud offering across over 20 industries. These enable clients to seamlessly provision, deploy, and use new functionality within an industry cloud. Key offerings include:
- Industry Cloud Transformation Services such as Cloud in a Box, TCS’ Enterprise-as-a-Service offering for industry use-cases.
- Multi-Cloud Enabled Products and Platforms such as TCS BaNCS™ for core banking, TCS HOBS™ platform for digital telcos and beyond, TCS Optumera™ and TCS Omnistore™ for retailers, TCS Advanced Drug Development Platform, TCS iDMCP™ for demand and transport planning, and TCS Clever Energy™.
- Innovation Cloud for industries leveraging TCS Research, academic alliances, TCS' Co-innovation Network (COIN™) and co-innovation with CSPs.
- Industry Cloud Operations Services that address regulatory and industry-specific needs.
Enterprise Industry Solutions on cloud that leverage TCS’ expertise in SAP, Oracle, MS Dynamics, like TCS Crystallus™, a set of preconfigured industry and business solutions.
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 616,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, 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
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.
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