Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader in the Everest Group PEAK Matrix® for Network Transformation and Managed Services1 for the second consecutive time. Additionally, the company has been recognized as a Star Performer for achieving top quartile year-on-year improvement in its scores.
According to the report, TCS would be a good fit for enterprises that need complex network transformation and in multiple geographic regions. Highlighted as key strengths were its credible investments to develop end-to-end network solutions such as TCS CognixTM for Networks and the use of its Machine First™ Delivery Model (MFDM™) and ignio platform for network automation and analytics. The report also highlighted TCS' significant investments in next-generation technologies through joint solutions with leading Original Equipment Manufacturers (OEMs), as well as in building industry-specific use cases.
"Successful digital business transformations require a reliable network architecture that accelerates AI, IoT, real time analytics, and work-from-anywhere initiatives. Progressive CIOs are embracing technologies such as software-defined WAN, micro-segmentation and intent-based networking, as well as automated and intelligent networks, to deliver the desired agility, flexibility and scalability," said Ashok Pai, Global Head, Cognitive Business Operations, TCS. "We believe our position as a Leader in this report is a recognition of our vision and strategy, investments in building capabilities to manage large network transformations for our customers, and the resultant market success."
TCS is uniquely positioned to help clients transform their networks with its domain knowledge, deep technical expertise, and a comprehensive portfolio of offerings ranging from consulting to transformation and operations. It has made significant investments to develop solutions leveraging its intellectual property and in partnership with OEMs.
TCS helps enterprises accelerate their digital transformation agendas with TCS Cognix™, an AI-driven human-machine collaboration suite. It uses an ecosystem of pre-built, configurable, and reusable digital solutions called value builders, which are contextualized by harnessing know-how from a vast expanse of customer operations. Cognix helps realize a configurable enterprise enabling organizations to achieve a competitive edge through cognitive operations.
TCS Cognix for Networks helps transform enterprise networks into cloud-native and business-responsive networks. It provides best-in-class business-centric network transformation solutions, improving quality of experience, increasing business agility, and reducing total cost of ownership.
The TCS Network as a Service (TNaaS) provides a single dashboard to manage, monitor and configure the enterprise network, both software-defined as well astraditional, an intelligent network operations center and a hybrid network test factory. It is hosted on TCS' private cloud and covers enterprise LAN/WLAN, WAN, security, data center, IT-OT network, and manages heterogeneity of solutions across them.
"Enterprises' increasing focus on seamless connectivity and rapid cloud adoption, which has been fueled by the COVID-19 pandemic, has accelerated their network transformation initiatives. We expect further acceleration with increasing adoption of next-generation technologies such as SDN, private 5G, and edge networks," said Mukesh Ranjan, Practice Director, Everest Group. "TCS has made credible investments in providing business-centric network transformation with the help of Cognix™ and building industry-specific use cases. Additionally, it leverages its Machine First Delivery Model (MFDM) approach and ignio platform for network automation and analytics. Clients appreciate TCS' flexibility in solutioning and ability to reduce the total cost of ownership. These capabilities have helped TCS strengthen its position in the Leaders quadrant and attain Star Performer status on Everest Group's 2021 Network Transformation and Managed Services PEAK Matrix® Assessment."
Shares of Tata Consultancy Services Ltd. was last trading in BSE at Rs. 3843.9 as compared to the previous close of Rs. 3791.75. The total number of shares traded during the day was 82516 in over 9001 trades.
The stock hit an intraday high of Rs. 3851.9 and intraday low of 3761. The net turnover during the day was Rs. 316356744.
1 Network Transformation and Managed Services PEAK Matrix® Assessment 2021, Mukesh Ranjan, Aditi Prakash, Titus M, Everest Group, July 23, 2021