Tata Consultancy Services was Recognized for its Secure Borderless Workspaces™ Operating Model, Digital Talent Platform and AI-led Solution for Timely Financial Book Closure
MUMBAI, January 4, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been honored with the CIO100 Special Award for Business Transformers, for progressive initiatives that leverage next-gen technology to reimagine its business.
The CIO100 Special Awards, IDG India’s annual award program recognizes and honors organizations and their CIOs, who have successfully transformed their businesses by leveraging data center infrastructure, managed services and next-gen technologies for today and the future. TCS won the award, recognizing its digital transformation initiatives this year, including its Secure Borderless Workspaces™ (SBWS™) operating model, its digital talent platform, and AI-led solution for timely financial book closure.
TCS’ SBWS framework enabled its swift transition, in the wake of Covid-19, to a resilient and adaptable remote working model, ensuring business continuity for customers. SBWS went beyond infrastructure and cyber security, encompassing key elements such as talent management, employee engagement, collaboration, delivery processes, controls and governance. This has now become the preferred operating model for customers looking to take full advantage of their talent ecosystem, to maximize business opportunities.
This year, TCS introduced a merit based, democratized and transparent talent platform to bring a change in its learning culture by establishing a tighter link between employees and their learning, careers, leadership aspirations, and rewards, while building a digital workforce aligned to the company’s strategic business objectives. The platform has created a consolidated and holistic experience for employees, enabling them to take control of the career development opportunities based on their aspirations. TCS also introduced over 1,400 special courses to keep its employees engaged in learning during the Covid-19 crisis.
TCS transformed financial book closure and board meetings with a unique digital user experience. The solution leverages TCS’ Machine First™ Delivery Model and AI to intelligently automate business process activities, reducing efforts and preparation time and ensuring a timely period-end closing process where business P&L is available on Day 1. Further, it provides a single source of truth across business areas, fostering trust and confidence. The complete, real-time view of operations and digitized business performance metrics enable collaborative and quicker decision-making.
“This has been a difficult year for everyone. However, it has also opened lot of opportunities. In addition to helping our customers accelerate their digital transformation journeys by harnessing the power of the cloud to build an agile, resilient and adaptable core, we have also been reimagining our own operating model. We are delighted to receive this recognition of our transformational initiatives and thank all the TCSers who made it possible,” said Abhijit Mazumder, Chief Information Officer, TCS.
Louis D’Mello, President & CEO, IDG India, said, “The CIO100 Award recognizes the ingenuity of IT leaders in adopting technology to overcome challenges and drive innovation. The IT team at Tata Consultancy Services has embodied the progressive spirit that makes them truly deserving of this honor, especially in this extraordinary year.”
About CIO100 Awards
IDG has a long and proud tradition of honoring leading companies for business and technology leadership and innovations through its premiere award program – CIO100. Over the last three decades CIO100 has become a proud tradition that extends from the USA to dozens of countries around the world. It is an acknowledged mark of enterprise IT excellence. It’s a celebration of 100 organizations (and the people within them) that are using information technology in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers.
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 453,000 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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