TCS Named a Leader in IDC MarketScape for Business and Industrial IoT Engineering and Managed Services, Worldwide

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the IDC MarketScape for Business and Industrial IoT Engineering and Managed Services, worldwide[1].

According to the report, "Key strengths of TCS include its strategy to enable clients to secure additional budgets, its growth strategy, and the breadth and depth of its services offering." It goes on to say that: "Buyers lauded TCS for the benefits they received from engaging in a partnership with the company, for its delivery competency, and its partnerships."

"In the new normal, it is important for organizations to become purpose driven, adaptable and resilient. TCS' IoT business framework, Bringing Life to Things™ helps in achieving this by connecting systems in context, and making them predictive and self-aware," said Regu Ayyaswamy, Global Head, Internet of Things & Engineering Services, TCS. "Our Leadership positioning is a recognition of our strategies, capabilities and implementation approach in driving large scale transformations."

TCS' IoT framework 'Bringing Life to Things™' helps customers build predictive and self-aware systems that can sense and intelligently respond to changes in the physical environment. Using this framework, organizations can create new, boundaryless and pervasive business models, seamless customer experiences, optimized and responsive value chains, and enhanced safety and security at the workplace. Its value-driven implementation plan with IoT use cases helps organizations move above the digital maturity curve.

TCS offers a comprehensive portfolio of IoT-related intellectual property and services spanning strategic planning, systems design, implementation, technical and business integration services, and post deployment support and maintenance. Its IoT solutions are focused on driving business transformation and operations transformation for customers across industries like manufacturing, CPG, retail, energy, utilities, transportation, logistics, healthcare, hi-tech and telecom. Proprietary solutions include:

TCS DigiFleet™: An IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights to customers about their fleet and freights and helps enhance visibility, operational efficiency of their logistics on the move.

TCS Connected Workforce Safety Solution: It creates a safer and trusted workplace, helping customers resume plant operations in the COVID-19 context and ensure business continuity. It provides digital safety fencing, real time health insights, proximity alerts and personal protection equipment monitoring and compliance, as well as other features that continuously enhance the productivity of the workforce.

TCS Industrial Energy Management Solution: An IoT and analytics solution that provides a process- and asset-level real time view of energy sources (water, industrial gas, electricity and steam) for industries like metal, chemical, CPG and auto. It performs ML/AI based analysis on various parameters to drive energy efficiencies, leading to a four to six percent reduction in energy spend.

"Our path to value approach, investments in emerging technologies and innovation labs, mature IoT solutions, and Location independent Agile™ approach, make us a preferred strategic partner to help enterprises drive IoT transformations," said Regu Ayyaswamy.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2035.4 as compared to the previous close of Rs. 2028.3. The total number of shares traded during the day was 925309 in over 12610 trades.

The stock hit an intraday high of Rs. 2043.85 and intraday low of 2010. The net turnover during the day was Rs. 1868769814.

[1] IDC MarketScape: Worldwide Business and Industrial IoT Engineering and Managed Services 2020 Vendor Assessment, Doc #US46121220, March 2020

Source : Equity Bulls

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