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Tata Consultancy Services Helps Manufacturers Leverage Next-Gen Technologies to Transform into Intelligent, Insights-Driven Enterprises, Giving Rise to New Services and Business Models
PRESS RELEASE
NEW YORK | MUMBAI, May 22, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as a Leader in the IDC MarketScapes for Worldwide Manufacturing Intelligence Transformation and for Worldwide Manufacturing Intelligence Strategic Consulting1.
“Leveraging our deep manufacturing industry knowledge and investments in innovation, TCS is helping manufacturers transform into intelligent, insights-driven enterprises, giving rise to new services and business models through a purpose centric ecosystem,” said Partha Reddy, Head, Manufacturing, Energy & Resources – Americas, TCS. “We believe this position as a Leader is a reflection of our overall vision, expertise and capabilities in the manufacturing industry, and the resultant market success.”
TCS offers a comprehensive portfolio of services, solutions, and accelerators across the manufacturing value chain to drive digital transformation. These include supply chain resilience, early warning, warranty claim adjudication automation, cognitive quality, and inventory optimization.
TCS’ Neural Manufacturing™ thought leadership framework enables manufacturers to orchestrate connected, cognitive and collaborative ecosystems. A future manufacturing enterprise powered by AI, 5G, IoT and cloud drives a connected ecosystem enabling advanced analytics and creates a roadmap towards autonomous plant operations. Other key offerings include:
- TCS Dexam™ – Offers a controlled data exchange environment for enterprises and their ecosystem partners. It enables democratization, monetization, and commercialization of data, while preserving the security, privacy, and consent of data and its stakeholders.
- TCS Daezmo™ – An end-to-end solution framework that leverages TCS’ Machine First™ approach to modernize the data and analytics estate across decision operations, covering EngineeringOps, DataOps and AIOps.
- TCS Decision Fabric™ – A state-of-the-art business solutions framework that brings together the power of AI and immersive analytics to deliver accelerated business outcomes.
- Sustainability analytics – TCS helps develop sustainable products, driven by a standard approach to quantifying and measuring the environmental impact through life-cycle assessment.
Additionally, TCS offers solutions for product lifecycle management, connected supply chains, digital customer experience and to manage enterprise intelligence and AI. TCS’ experience center in Troy, Michigan, helps customers reimagine their businesses and accelerate innovation. After the initial ideation and prototyping at the center, TCS helps customers realize those use cases, and take them from lab grade to industry grade, leveraging its cloud capabilities and customer-specific contextual knowledge.
1 IDC MarketScape: Worldwide Manufacturing Intelligence Transformation Strategic Consulting 2023 Vendor Assessment, February 2023, IDC #US50247922 and IDC MarketScape: Worldwide Manufacturing Intelligence Transformation 2023 Vendor Assessment, February 2023, IDC #US50247822
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.
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 613,000 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
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