Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has expanded its 18-year long strategic partnership with Swiss Re, one of the world's leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, to help the latter build a more social and open digital workspace leveraging the cloud, to drive greater collaboration and innovation.
As part of this initiative, TCS will help Swiss Re to further develop its future-ready, cloud-based digital workplace using Microsoft technologies and manage the underlying operations. Adopting agile ways of working, Swiss Re and TCS will work collaboratively to deliver a persona-based, insights-driven user experience for over 18,000 end-users.
TCS will help Swiss Re enhance operational excellence through state-of-the-art, lean processes across the end-to-end workplace support function by bringing automation and implementing DevOps best practices. TCS will create self-heal and self-help operations to automate standard processes, and enable out-of-the box endpoints with a seamless corporate experience.
A key focus area for this partnership will be to accelerate the innovation pipeline within the organization, specifically in the areas of immersive experiences and artificial intelligence with the support of edge technologies in the market, which will help Swiss Re to boost its Hybrid Collaboration strategy.
"Accelerating Swiss Re's journey to become a leading tech and data-led risk knowledge company, we work closely with our partners to co-create new and innovative solutions by leveraging technology and data to drive value for our clients," said Youngran Kim, Group Chief Technology Officer, Swiss Re. "We partnered with TCS to leverage their insurance domain experience, strategic partnership with Microsoft, proven track record in successfully executing similar large transformation programs including with Swiss Re. Together with TCS and Microsoft, we want to empower our employees with a seamless and secure Digital Workplace experience."
"The key to building an innovative, future-ready organization is a vibrant digital workplace that fosters creativity and collaboration, while keeping data and interactions secure. TCS is thrilled to expand its longstanding partnership with Swiss Re to build a new digital workplace using Microsoft technologies, and help them accelerate their innovation and growth," said Siva Ganesan, Global Head, Microsoft Business Unit, TCS.
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3461.25 as compared to the previous close of Rs. 3475.65. The total number of shares traded during the day was 53969 in over 5324 trades.
The stock hit an intraday high of Rs. 3516.00 and intraday low of 3441.00. The net turnover during the day was Rs. 188100885.00.