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TCS Recognized as a Global Leader in Engineering R&D Services by Zinnov

Posted On: 2021-06-22 16:50:03 (Time Zone: UTC)

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Global Leader in the Zinnov Zones for Engineering R&D Services1, for the eighth consecutive year.

The report recognized TCS' leadership in engineering services in industries such as aerospace, automotive industrial, medical devices, semiconductor, telecommunication, enterprise software (including platform engineering and cybersecurity), and media and entertainment (including Over the Top and Content monetization) industries. TCS was also positioned as a Global Leader in services such as digital engineering, AI engineering, advanced driver-assistance systems, telematics, digital thread and contactless retail.

"Enterprises are adopting edge computing and AI at the device level to make products smarter and more connected. These intelligent technologies enable insight-based decisions at the device level, making them self-aware systems," said Regu Ayyaswamy, Global Head, IoT and Engineering and Industrial Services, TCS. "This Leadership positioning is a recognition of our ahead-of-times technology investments and ability to help customers quickly adapt to the changing business needs during the new normal."

TCS offers a comprehensive portfolio of engineering services that cover the entire product lifecycle and help customers become connected digital enterprises. TCS is also continuously investing in innovation around industrial use cases leveraging digital technologies like IoT, analytics, and robotics. It combines traditional product and software engineering with digital solutions, enabling customers to transform their operations and focus on new product design, newer ways of service delivery and better customer experiences.

Proprietary engineering solutions include:

- TCS NeuSpeed - A hardware solution framework to improve the performance of AI applications at the Edge layer to meet real time high-speed requirements.

- Retail Digital Store Operations Framework - Enables retailers to manage the end-to-end store lifecycle - planning, design, operations and maintenance, using a seamless data-driven approach and leveraging Digital Store Twins, IoT, AR / VR and analytics.

- TCS Gen-4 workAR: An IoT and mixed reality connected worker solution that provides real-time contextual information for better decision support. It enables augmented collaboration with remote teams to improve operational efficiency at the work site.

"TCS has consistently been recognized as a leader for global engineering R&D services by Zinnov. The firm's focus on transforming products, plants, and services through its TCS connected digital enterprise solutions approach has translated to a strong leadership positioning for digital engineering services as well. In addition to having a significant presence in manufacturing-led verticals (aerospace, automotive, industrial, etc.), the firm's penetration in hi-tech and services-led verticals such as healthcare and retail for digital engineering services poise it to garner greater wallet share in the near future," said Sidhant Rastogi, Managing Partner, Zinnov.

"Our investments in Edge AI analytics, comprehensive portfolio of connected and autonomous products, deep domain knowledge across industries, expertise in product engineering and customer centric approach, make us a trusted strategic partner for enterprises in their next-gen product transformation journeys," added Regu Ayyaswamy.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3300.65 as compared to the previous close of Rs. 3272.45. The total number of shares traded during the day was 47420 in over 3999 trades.

The stock hit an intraday high of Rs. 3327 and intraday low of 3287.45. The net turnover during the day was Rs. 157013868.

1 Zinnov Zones 2020 for Engineering R&D Services, Sidhant Rastogi, December 2020

Source: Equity Bulls

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