TCS is increasingly integrating the use of AI into various functions and that it is an important skill to have across all levels of the hierarchy
Tata Consultancy Services Ltd (TCS) plans to hire 40,000 freshers from campuses this year, the IT giant's Chief Human Resources Officer (CHRO) Milind Lakkad said.He added that despite the quarterly headcount fluctuations, TCS manages through a combination of “employees on the bench, ongoing productivity enhancements, and other operational adjustments.”(Representational Image/Mint)
This however, comes at a time when its headcount had decreased by over 5,000 employees in the third quarter of the financial year 2024-25.
“In any given quarter, changes in headcount don't always reflect growth or demand because our hiring plans are structured on an annual basis,” TCS Lakkad said in an interview with Business Standard.
He added that despite the quarterly headcount fluctuations, TCS manages through a combination of “employees on the bench, ongoing productivity enhancements, and other operational adjustments.”
Lakkad said that the company is increasingly integrating the use of artificial intelligence (AI) into various functions and that it is an important skill to have across all levels of the hierarchy such as E0, E1, E2, E3, and so on in what has been described as a “pyramid with different skill sets.”
Even for the entry-level E0 tier, TCS expects employees to have a foundational understanding of large language models (LLMs) and their applications.
At the E1 level, employees have to be able to work with LLM APIs, which is a skill set similar to that of prompt engineers.
At E2, employees have to use TCS GenAI tools.
At levels E3 and above, TCS expects by default, advanced expertise in AI and its applications across various domains.
However, Lakkad said that while AI is certain to transform jobs, it will more likely change the nature of the roles rather than eliminate them altogether.
“AI will enhance efficiency, but humans will continue to play a crucial role—especially in client-facing and knowledge-intensive roles, where the value of human insight and empathy remains irreplaceable,” he added.
He also said that degrees are a must as they provide foundational understanding necessary for the broader demands of the services industry as TCS requires “more than just coding skills.”
Showing posts with label TCS. Show all posts
Showing posts with label TCS. Show all posts
Monday, January 13, 2025
Monday, December 7, 2020
How Is TCS Helping With COVID-19 Testing In India
COVID-19 cases have only been on the rise, and with the non-availability of effective drugs and vaccines, one of the effective ways to control it is to detect it early in patients. However, the task is easier said than done. While a large number of test kits are being produced, they are not enough to conduct it in large numbers. Government-run bodies such as C-CAMP or Centre for Cellular and Molecular Platform have been a key enabler in driving COVID-19 testing as it has been aggressively building, managing and scaling the ecosystem of MSMEs to produce COVID-19 test kits indigenously. However, they might not be enough.
To scale up this production of test kits to a million test kits a day, TCS has come up with a solution to support C-CAMP in achieving that. In a recent announcement, TCS said that it had deployed a blockchain-based digital supply chain platform to drive the ambitious new project launched by C-CAMP.
Read the full article at:
https://analyticsindiamag.com/how-is-tcs-helping-with-covid-19-testing-in-india/
Saturday, December 5, 2020
TCS to Power New Government Initiative to Double India’s Covid-19 Testing Capacity through Supply Chain Solution
TCS through its supply chain solution is helping the Indian Government’s C-CAMP build, manage and scale an ecosystem of MSMEs to indigenously produce a million Covid-19 test kits a day
TCS recently announced that it has deployed a blockchain-based digital supply chain platform that powers an ambitious new project launched by the Government of India’s Centre for Cellular and Molecular Platforms (C-CAMP) to scale up indigenous Covid-19 diagnostic test-kit production capacity to a million test kits a day.
C-CAMP’s newly launched project, funded by the Rockefeller Foundation, is called Indigenisation of Diagnostics (InDx), and aims to build a robust, scalable supply-chain ecosystem of Indian MSMEs capable of producing large quantities of reagents and other components needed for RT-qPCR-based and other diagnostic test kits for Covid-19. The project entails eliminating supply-chain bottlenecks, and handholding MSMEs to help them bridge capability gaps, meet necessary quality standards and expand capacities to be able to indigenously produce a million test kits a day.
As C-CAMP’s technology partner, TCS has developed and deployed a dynamic digital supply-chain platform to manage the MSME ecosystem, powered by the TCS Data Marketplace solution. The solution enables organizations to embrace new ecosystem-based business models, giving them the ability to democratize data and monetize it to create value. It facilitates standardized, controlled data exchanges across ecosystem participants with the necessary security and privacy protection, using blockchain at the back-end to ensure the immutability of audit logs, says a statement from the company.
This capability has been harnessed in the InDx project to build a supply-chain platform that aggregates test kit supply data of Tier 2 and 3 manufacturers of kits, enzymes, primers and antibodies, and provides ready visibility to Tier 1 suppliers as well as to C-CAMP on supplier-specific quality levels, capacities and inventories across the ecosystem, enabling the latter to respond to the demand for those test kits from the Government as testing programs are ramped up across the country.
“As a purpose-driven organization, we are delighted to partner with C-CAMP in this bold new initiative to scale up India’s testing capacity, and make Covid-19 testing accessible to every Indian who needs it. The TCS Data Marketplace solution is the lynchpin that anchors InDx’s supplier ecosystem of micro, small and medium enterprises, democratizing supplier data, enhancing supply-chain visibility, and driving superior outcomes for all stakeholders. The success of this initiative sets an example for how ecosystem-based partnerships can be put to work for other mission-mode programs of national importance,” said Dinanath Kholkar, global head – analytics and insights, TCS.
Source: https://www.dqindia.com/tcs-power-new-government-initiative-double-indias-covid-19-testing-capacity-supply-chain-solution/
Saturday, September 14, 2019
Infosys, TCS enjoy best prospects to deliver growth outperformance
Overall our price targets for 5 top-tier companies rise by 2-10%, as a result of the changes.
Infosys best placed near-term, on both growth & margin.Our recent meetings with Infosys & Wipro and channel checks suggest a mixed picture with rising risks in BFSI but continued overall deal momentum for select companies. Benefit of recent INR-USD depreciation will be offset to some extent by cross ccy headwinds. We expect continued divergent growth across companies with Infosys best placed in the near term. Amidst our positive stance towards IT services as a relative defensive, TCS & TechM are our other Buys.
Infosys best placed near-term, on both growth & margin
We maintain near-term visibility is best for Infosys amongst top-tier companies given its strong deal win momentum. We expect revenue growth for FY20e to surprise positively at 11.5% y-o-y constant ccy vs. its latest guidance of 8.5-10%. This implies 11% y-o-y growth for rest of FY20e. Despite visible margin pressures across companies in Q1, we also expect Infosys’ FY20e Ebit margin to meet the mid-point of its guided range at 22%, implying 22.5% for rest of FY20e.
Adjusting estimates, PT for ccy & other factors
We adjust our estimates to factor in weaker INR vs. USD but stronger cross currency headwinds. We temper our growth expectations for FY20e in some cases to reflect rising macro risks. We also introduce FY22e estimates and roll forward our price targets. We raise valuation multiple for Infosys as we expect its discount to TCS to narrow. Overall our price targets for 5 top-tier companies rise by 2-10%, as a result of the changes.
Infosys, TCS remain preferred picks
We maintain our positive stance on Indian IT services as a relative defensive. TCS & Infosys remain our preferred picks as we believe these are best placed to deliver growth outperformance, which should also drive better margin defence. We believe risk-reward is favourable for Tech Mahindra given improving communications outlook – recent large AT&T deal will add. Despite its recent deal win momentum, we maintain Hold on HCL Tech given risks from high inorganic contribution. Maintain U/P on Wipro given consistent growth underperformance.
Friday, August 16, 2019
TCS’ AI platform Ignio tops $60m revenue mark
BENGALURU: TCS’ artificial intelligence platform Ignio has crossed $60 million in annual revenue and India’s largest IT services company is doubling down on the product strategy it has created for the unit, the company’s top executives said.
Five years ago, Ignio began as a platform that was closely integrated and sold with the company’s services offerings but two years ago, TCS began to take it down a product path. ET had reported that the company hired a chief marketing officer and an ..
Five years ago, Ignio began as a platform that was closely integrated and sold with the company’s services offerings but two years ago, TCS began to take it down a product path. ET had reported that the company hired a chief marketing officer and an ..
TCS Launches Robotic Automation Solutions to Accelerate Digital Transformation in the Semiconductor Industry
Tata Consultancy Services’ Robotic Data Factory Solution, Built at Its New Center of Excellence, Will Significantly Reduce the Response Time to Anomalies in Semiconductor Production
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced that it has launched new Robotic Process Automation (RPA) solutions that leverage the power of analytics to drive greater accuracy and better quality in chip fabrication, and help semiconductor companies accelerate their digital transformation journeys.
The semiconductor market is going through immense change at unprecedented speeds driven by hyper-connectivity, big data, and adoption of Internet of Things. Semiconductor companies are aggressively pursuing strategies to enable rapid innovation, product line expansion and vertical market focus, with speed and agility.
TCS is partnering with leading semiconductor companies in navigating the change using its Machine First Delivery Model and Business 4.0 framework. It is leveraging its deep domain knowledge in the semiconductor industry, and expertise in analytics, AI and machine learning to transform core operations in this sector.
TCS has set up a new Semiconductor Center of Excellence (CoE) to design and build closed loop systems that combine the power of analytics and automation to reimagine the semiconductor fabrication (fab) value chain. Specialists at this CoE are creating solutions that will enable production robots, powered with intelligent algorithms, to respond to heterogeneous scenarios to improve quality and accuracy throughout the semiconductor manufacturing process.
The TCS Robotic Data Factory solution, built on Blue Prism’s Connected-RPA platform, will leverage insights derived from fab production data to trigger appropriate business workflows, significantly reducing the response time to anomalies in the production of semiconductors.
“We are leveraging our deep contextual knowledge gained from engagements in the semiconductor industry and harnessing the power of robotic automation to intelligently streamline core business processes using fab data. This will significantly jumpstart our customers’ Business 4.0 transformation journeys, with faster product introduction and improved quality,” said V Rajanna, Global Head, Technology Business Unit, TCS. “Our new CoE reiterates our commitment to invest in defining new digital paradigms for the semiconductor industry.”
“By combining TCS’ semiconductor industry expertise and our Connected-RPA platform we’re able to transform operations and speed up product delivery in one of the most competitive and vital industries in the world,” said Chad Gailey, Vice President, Channel Sales and Global Service Providers, Blue Prism Americas. “We are driving disruption and innovation by offering an unbeatable value proposition for deploying intelligent automation solutions.”
Source: https://aithority.com/robots/tcs-launches-robotic-automation-solutions-to-accelerate-digital-transformation-in-the-semiconductor-industry/ (Accessed on August 16, 2019)
Wednesday, August 7, 2019
US tech firms dominate top 10 green card application list
Pune: Only two Indian companies —Tata Consultancy Services and Infosys — figure in a list
of the top ten applicants for employer green cards in the six months to March 2019, a review
of US government data shows.
US-based technology companies such as Amazon, Cognizant, Cisco, Facebook and Google have together filed more green card applications, or those seeking talented immigrants with permanent residency to work in their offices in the United States, according to the US Department of Labor data.
The Department of Labor follows an October to September calendar year.
Amazon has filed 1,500 applications, the largest among the ten companies. Cognizant Technology Services, a US-headquartered IT services firm that has a large employee base in India, is second with more than 1,300 employer green card applications, followed by Cisco. TCS, with 1,009 applications comes fourth on that list, while Infosys is in seventh position, according to the data. It is as yet unclear how many of these applications will convert into permanent residency permits.
Amazon, Cisco, TCS, Infosys, Google, Facebook, Microsoft, Apple and Deloitte — all of which figure in the top 10 — declined to comment.
A spokesperson for Cognizant said it consistently sponsors employees in “securing legal permanent residence in the US precisely because they are highly-skilled, highly-educated knowledge professionals who are valuable assets to our company and clients.”
The National Association of Software and Services Companies (Nasscom), the industry lobby group for Indian IT, said the data supports its contention that there is a shortage of skilled talent in the US and that American companies are hiring people from where it is available the most —India. “While it is a company’s decision on how it wants to recruit and retain talent, this is a reflection of the talent shortage with low unemployment rates and an increased demand for digital skills,” said Shivendra Singh, vice-president of the global trade department at Nasscom.
US grants H-1B visas to highly skilled people for a period of three years. This can be extended for a similar term. Most workers apply for a green card or permanent resident status towards the end of their H-1B visa tenure.
The application enables them to stay and work in the US legally while it is in process.
Companies are required to pay for a worker’s H-1B visa application, but the responsibility for a green card rests with the individual. However, many companies apply for an I-140 or Immigrant Petition for Alien Worker to retain a highly valued or skilled resource.
A prospective employer submits the Form I-140 to the United States Citizenship and Immigration Services (USCIS) to petition for an alien to work in the US on a permanent basis.
Currently, it takes an Indian applicant more than eight years to receive permanent resident status. It is estimated that up to 300,000 Indians could benefit if the Fairness for High-Skilled Immigrants Act or HR 1044 is passed by the US Senate.
US-based technology companies such as Amazon, Cognizant, Cisco, Facebook and Google have together filed more green card applications, or those seeking talented immigrants with permanent residency to work in their offices in the United States, according to the US Department of Labor data.
The Department of Labor follows an October to September calendar year.
Amazon has filed 1,500 applications, the largest among the ten companies. Cognizant Technology Services, a US-headquartered IT services firm that has a large employee base in India, is second with more than 1,300 employer green card applications, followed by Cisco. TCS, with 1,009 applications comes fourth on that list, while Infosys is in seventh position, according to the data. It is as yet unclear how many of these applications will convert into permanent residency permits.
Amazon, Cisco, TCS, Infosys, Google, Facebook, Microsoft, Apple and Deloitte — all of which figure in the top 10 — declined to comment.
A spokesperson for Cognizant said it consistently sponsors employees in “securing legal permanent residence in the US precisely because they are highly-skilled, highly-educated knowledge professionals who are valuable assets to our company and clients.”
The National Association of Software and Services Companies (Nasscom), the industry lobby group for Indian IT, said the data supports its contention that there is a shortage of skilled talent in the US and that American companies are hiring people from where it is available the most —India. “While it is a company’s decision on how it wants to recruit and retain talent, this is a reflection of the talent shortage with low unemployment rates and an increased demand for digital skills,” said Shivendra Singh, vice-president of the global trade department at Nasscom.
US grants H-1B visas to highly skilled people for a period of three years. This can be extended for a similar term. Most workers apply for a green card or permanent resident status towards the end of their H-1B visa tenure.
The application enables them to stay and work in the US legally while it is in process.
Companies are required to pay for a worker’s H-1B visa application, but the responsibility for a green card rests with the individual. However, many companies apply for an I-140 or Immigrant Petition for Alien Worker to retain a highly valued or skilled resource.
A prospective employer submits the Form I-140 to the United States Citizenship and Immigration Services (USCIS) to petition for an alien to work in the US on a permanent basis.
Currently, it takes an Indian applicant more than eight years to receive permanent resident status. It is estimated that up to 300,000 Indians could benefit if the Fairness for High-Skilled Immigrants Act or HR 1044 is passed by the US Senate.
Tuesday, July 23, 2019
TCS says large contracts will help it absorb cost of keeping bench talent
TCS had issued joining letters to over 30,000 fresh graduates, of which 40% have been onboarded in the first quarter.
Monday, April 1, 2019
IIT -Madras, TCS conduct session on extended reality
CHENNAI: In a collaborative initiative with TCS, the Indian Institute of Technology – Madras last week conducted a session on “Extended Reality and Empathy: An Interdisciplinary Perspective.”
According to a press release, the event was meant for forming a memory studies research cluster, with an academia-industry interface.
The session was a primer on what comprises extended reality and how it shapes society, cognition and culture.
Speaking during the session, guest speaker Jae Grant, XR Consultant, the Netherlands, said, “The entire challenge is to arrive at a common reference point which will enable productive dialogue between technology studies and research in humanities.”
Avishek Parui of IIT-M, who was an event coordinator, said the objective was to explore the possibilities of digital humanities and extended reality in engaging with literary studies.
Currently, there are research scholars in the department of humanities and social sciences working in the area of memory studies.
According to a press release, the event was meant for forming a memory studies research cluster, with an academia-industry interface.
The session was a primer on what comprises extended reality and how it shapes society, cognition and culture.
Avishek Parui of IIT-M, who was an event coordinator, said the objective was to explore the possibilities of digital humanities and extended reality in engaging with literary studies.
Source: https://timesofindia.indiatimes.com/home/education/iit-madras-tcs-conduct-session-on-extended-reality/articleshow/68656481.cms (Accessed on April 1, 2019)
TCS a Leader in CX Services in Energy and Utilities: NelsonHall
Tata Consultancy Services (TCS) has been positioned as a Leader in the NelsonHall NEAT for CX Services in Energy and Utilities.
“In the Business 4.0 era, utilities are on the anvil of disruptive change, with ever-evolving consumer expectations, data explosion, the proliferation of the smart ecosystem, distributed generation, and regulatory changes. Utilities today seek a connected, the collaborative, and seamless ecosystem of cognitive and digital technologies to transform the customer experience,” said Ashok Pai, Global Head, Cognitive Business Operations (CBO), TCS. “This recognition is a testament of our ability to deliver immediate benefits and meet future customer requirements across the customer experience value chain.”
TCS delivers superior omnichannel customer experiences through a well-defined engagement strategy, a streamlined digital customer journey, hyper-personalized offerings, and real-time actionable insights from customer data.
Key features of TCS’ customer experience offerings for utilities include:
• A superior end-to-end customer engagement strategy that covers envisioning, designing and deploying a tailored omnichannel engagement model covering ideation, service and experience design, and delivery.
• The Machine First Delivery Model (MFDM) that enables omnichannel customer experience management with a real-time 360-degree view of the end users to help initiate automated, proactive and pre-emptive engagements with the customer community.
• An integrated leading-edge technology solutions approach across channels and products to ensure a seamless customer journey.
• ignio powered Insights-as-a-Service, to deliver real-time and granular operational intelligence for smarter business decisions.
• KNADIA: Digital intelligent assistants that enable superior customer experience
“TCS’ implementations in self-service, digital channel enablement, personalization, and IoT analytics for energy and utilities clients highlight a strong capability across the different stages of the customer lifecycle. As the sector clients move up the digital ladder, TCS’ IP and experience in cognitive bots, responsive UI, and predictive analytics are the cornerstones of a transformational roadmap,” said Ivan Kotzev, Lead Analyst Customer Experience Services, NelsonHall.
“Our continuous investments in innovative solutions, our design-thinking approach, digital technology expertise, contextual knowledge, and investments in intellectual property strongly position us to create exponential value for our customers and transform their customer experience journey,” added Ashok Pai.
Source: https://www.ciol.com/tcs-leader-cx-services-energy-utilities-nelsonhall/ (Accessed on April 1, 2019)
Monday, March 18, 2019
Indian IT Giant TCS Developing Multiple Blockchain Platforms
India’s largest software company, Tata Consultancy Services Limited (TCS), is actively working on a number of decentralized projects leveraging R3’s blockchain platform and Microsoft Azure blockchain workbench. Per the company, the blockchain venture was initiated to accelerate the adoption of distributed ledger technology across a wide range of industries.
TCS Delves Deep Into Blockchain
As reported by ANI, IT giant TCS is developing five blockchain architectures, each offering a different solution ranging from digital identity to tokenization. The platforms will also facilitate solutions such as track-and-trace, asset monetization, and assets in common.
The Indian IT heavyweight divulged that the platforms will leverage R3’s blockchain platform, Codra Enterprise, and be hosted on Microsoft Azure cloud.
TCS, the world’s ninth-largest IT company by market cap, intends to develop advanced cross-industry blockchain platforms that would make it easy to deploy scalable solutions on the platform. Apart from developing shared ledgers, TCS will develop a number of solutions built on these decentralized architectures.
Global head of blockchain services at TCS, Lakshminarasimhan Srinivasan, stated:
While the plan seems ambitious, the company has not announced any timeline to launch of these enterprise-level blockchain platforms. However, TCS hopes that the cross-industry blockchain platforms will increase adoption of the technology.
Race to Become Blockchain Platform Leaders
With this latest development, TCS plans to work on a market position in the blockchain space. On that front, software powerhouse TCS has successfully been offering its blockchain solution dubbed Quartz. The Quartz blockchain solution allows enterprises in the financial ecosystem to use distributed ledger tech to significantly cut transaction processing cost.
Earlier in January, Srinivasan stated that distributed ledger technology, along with artificial intelligence and Internet of Things (IoT), can lead to new income opportunities.
While TCS is aggressively pursuing blockchain, other Indian software firms are not behind the curve.
One such company is Tech Mahindra, which has been very bullish on distributed ledger technology. In the past, Tech Mahindra revealed plans to use DLT to register vehicle numbers. Apart from that, the IT heavyweight also signed an MoU with the state government of Telangana to build a blockchain district that will foster startups working in the space.
Moreover, Tech Mahindra also partnered with Microsoft to develop a blockchain-powered platform that would regulate unsolicited telecom communications.
Similarly, last year India’s second-biggest software firm Infosys developed a tailor-made blockchain trade finance network. The blockchain-powered platform is aimed to eliminate any opportunities for fraud in the Indian banking system.
Source: https://bitsonline.com/indian-tcs-blockchain-platform/(Accessed on 18 March, 2019)
Tuesday, March 12, 2019
TCS launches new version of MRT Platform
Tata Consultancy Services has launched a new version of the Metadata Registrv and Transformation (MRT) Platform that helps life sciences companies streamline their clinical data management by automating clinical study design and set up and conversion of clinical data into standard formats for greater interoperability across the clinical trial phases.
The MRT platform is part of TCS' Advanced Drus Development (ADD) suite of cloud-based clinical platforms, which are powered by a cognitive engine.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Source URL: https://www.business-standard.com/article/news-cm/tcs-launches-new-version-of-mrt-platform-119031100477_1.html (Accessed on 12 March, 2019)
Wednesday, March 6, 2019
Rainmakers of engg services boost biz: Indian Tech’s Fastest Growing Segment Runs On Execs Whom Customers Trust
When former chief digital officer at Rolls-Royce Neil Crockett wanted to identify a service provider to accelerate its IoT (internet-of-things) capabilities three years ago, he floated a request for proposal (RFP). The company wanted to use IoT to get a lot more data from customers and use that to provide long-term service contracts.
Ayyaswamy presented TCS’s IoT platform, called Connected Universe Platform (TCUP), that helps develop and deploy IoT applications. Having worked with Rolls-Royce, TCS had a deep knowledge of its engines, blades, compressors and exhaust. “We were able to characterise what we could do for them. Our strength was contextual knowledge, digital platforms, information security, core engineering, capability around services. We were able to bring the might of TCS into making their business goal a reality,” Ayyaswamy says.Reguraman Ayyaswamy, global head of IoT & engineering and industrial services at TCS, saw it as a great opportunity for the company, and he knew he had his task cut out. Roll-Royce specialises in highperformance power systems engineering and aircraft engines. It was a decade-old-customer for TCS. But this was a different kind of engagement, one that impacted the core operations of Rolls-Royce, and TCS would really have to prove its capabilities. Other IT players too were participating in the RFP.
TCS won the deal. Ayyaswamy declined to mention the deal value, but independent sources estimate it is around $20 million annually. The platform today captures and analyses data to reduce the cycle time for Rolls-Royce to develop new products and services.
Getting customers to outsource core engineering work is very difficult, but Indian IT companies today have built significant expertise in the field, and it has become the fastest growing business for them. Deals above $10 million are considered large in this space. It is also a high-margin business. Industry body Nasscom in its 2018 strategic review called out engineering and R&D and product development as the fastest growing segment in IT services, growing at 12.8%, led by demand for connected cars, mobility and connectivity.
Pareekh Jain, founder of Pareekh Consulting, says the growth in engineering services is not a demand problem, as much as a supply problem. “Of the over $1-trillion R&D spend, only $60 billion or 6% is currently outsourced. There is a huge market but someone needs to go out and make it happen. That’s why the role of key executives and rainmakers are important,” he says.
L&T Technology Services, Persistent and HCL each won an over $50-million deal in the last two years, signalling a psychological threshold that would open up upstream, high-end engineering opportunities.
Tata Consultancy Services recognised as Top Employer in Middle East
Capital Market March 05, 2019 Last Updated at 11:39 IST
By Top Employers Institute
By Top Employers Institute
Tata Consultancy Services has been recognised as a Top Employer in the Middle East for the fourth consecutive year by the Top Employers lnstitute, which independently assesses and certifies companies across the world. TCS was also recognized as the Number One Top Employer in the United Arab Emirates, and achieved Top Employer status in SaudiArabia and Qatar. This recognition was achieved due to TCS' exceptional workplace policies, culture and continued investments in its employees across all regions. Powered by Capital Market - Live News
Source: Business Standard dated March 5, 2019
URL: https://www.business-standard.com/article/printer-friendly-version?article_id=119030500293_1 (Accessed on March 5, 2019)
Monday, January 28, 2019
TCS becomes third most-valued IT company in the world
India's Tata Consultancy Services (TCS) has been ranked third most-valued IT services brand globally in 2018-19, after Accenture and IBM, according to a report by Brand Finance. Four Indian IT services companies -- TCS, Infosys, HCL and Wipro -- clinched spots in the top-10 global tally.
Valued at $26.3 billion, Accenture took the title of the world's most-valued IT services brand. The tag was previously held by IBM, which now occupied the second place with a brand value of $20.4 billion, according to the report.
"Holding steady in third place is India's largest IT services conglomerate, TCS, up 23% to $12.8 billion, with a value bolstered by the brand's disciplined focus on the market's increased demand for digital services," it added.
Brand Finance said TCS is also the first Indian IT services brand to achieve success in the Japanese market and has positioned itself as a leader in providing a superior all-round customer experience, leveraging artificial intelligence and robotic automation across its transformation programmes.
Wipro entered the top-10 list for the first time this year, said the report, which was released at the World Economic Forum Annual Meeting in Davos, Switzerland.
"Up 25% to $4 billion, Wipro's significant investments in digital transformation capabilities, niche acquisitions, and a recent brand refresh, have propelled it to be the third fastest-growing brand in the segment," the report noted.
American brand Cognizant (brand value up 12% to $8.7 billion) and India's Infosys (brand value up 8% to $6.5 billion) held onto their last year's ranking of fourth and fifth positions, respectively.
The report pointed out that although Cognizant is headquartered in New Jersey, US, it holds a major employee base in Chennai and has offices in Kolkata, Bengaluru, Hyderabad, Mumbai, Pune, and Cochin.
Others in the top-10 list included Capgemini, DXC Technology and NTT Data.
"There is a reason why Bangalore is known as the Silicon Valley of India. As more IT services brands ramp up their outsourcing outposts across the country, it is the skilled workforce, world class facilities and infrastructure that makes India such an attractive location and ultimately a global powerhouse," Brand Finance Chief Executive Officer David Haigh said.
The index is based on Brand Finance's analysis of marketing investments, stakeholder equity and business performance of these companies.
"2018 was a year of celebrations at TCS, marking the completion of five decades of industry-leading customer satisfaction, business performance, and community impact," TCS Chief Marketing Officer Ravi Viswanathan said in a statement.
He added that the past year was characterised by momentum and milestones for TCS, including reaching $100 billion in market capitalisation, and securing record-level new customer partnerships in digital services.
Valued at $26.3 billion, Accenture took the title of the world's most-valued IT services brand. The tag was previously held by IBM, which now occupied the second place with a brand value of $20.4 billion, according to the report.
"Holding steady in third place is India's largest IT services conglomerate, TCS, up 23% to $12.8 billion, with a value bolstered by the brand's disciplined focus on the market's increased demand for digital services," it added.
Brand Finance said TCS is also the first Indian IT services brand to achieve success in the Japanese market and has positioned itself as a leader in providing a superior all-round customer experience, leveraging artificial intelligence and robotic automation across its transformation programmes.
Wipro entered the top-10 list for the first time this year, said the report, which was released at the World Economic Forum Annual Meeting in Davos, Switzerland.
"Up 25% to $4 billion, Wipro's significant investments in digital transformation capabilities, niche acquisitions, and a recent brand refresh, have propelled it to be the third fastest-growing brand in the segment," the report noted.
American brand Cognizant (brand value up 12% to $8.7 billion) and India's Infosys (brand value up 8% to $6.5 billion) held onto their last year's ranking of fourth and fifth positions, respectively.
The report pointed out that although Cognizant is headquartered in New Jersey, US, it holds a major employee base in Chennai and has offices in Kolkata, Bengaluru, Hyderabad, Mumbai, Pune, and Cochin.
Others in the top-10 list included Capgemini, DXC Technology and NTT Data.
"There is a reason why Bangalore is known as the Silicon Valley of India. As more IT services brands ramp up their outsourcing outposts across the country, it is the skilled workforce, world class facilities and infrastructure that makes India such an attractive location and ultimately a global powerhouse," Brand Finance Chief Executive Officer David Haigh said.
The index is based on Brand Finance's analysis of marketing investments, stakeholder equity and business performance of these companies.
"2018 was a year of celebrations at TCS, marking the completion of five decades of industry-leading customer satisfaction, business performance, and community impact," TCS Chief Marketing Officer Ravi Viswanathan said in a statement.
He added that the past year was characterised by momentum and milestones for TCS, including reaching $100 billion in market capitalisation, and securing record-level new customer partnerships in digital services.
In a separate statement, Wipro President (Marketing, Innovation and Technology) Milan Rao said the recognition is a testament to the company's rich technology heritage, sustained investments in building digital transformation capabilities, and deep domain and consulting expertise.
"As we further bolster our innovation ecosystem and capabilities for the digital era, we are confident that our brand value will go from strength and strength," he added. SR HRS
"As we further bolster our innovation ecosystem and capabilities for the digital era, we are confident that our brand value will go from strength and strength," he added. SR HRS
Source: https://www.gadgetsnow.com/it-services/tcs-becomes-third-most-valued-it-company-in-the-world/articleshowprint/67661188.cms (Accessed on January 28, 2019)
Tuesday, January 22, 2019
Accelerating The Power of Deep Learning with Neural Networks and GPUs
Deep learning capabilities are driving powerful new opportunities for AI.
Deep learning using neural networks and Graphics Processing Units (GPUs) is starting to surpass machine learning for image recognition and other applications. Deep neural networks are helping to advance self-driving cars, faster development of new drugs, and real-time multiple-language translation for online chats.
Find out more about:
- Machine learning versus deep learning
- The power of inference
- GPUs delivering near real-time performance
To read the full-text, visit the following URL:
Source: https://www.tcs.com/accelerating-the-power-of-deep-learning (Accessed on January 22, 2019)
Saturday, January 19, 2019
Good Reads: January 19, 2019
GOOD
READS
|
Article / Infographic
|
Gist
|
URL / Source
|
Accessed On
|
|
How Technology
Incumbents Can Realize Their Cloud Growth Ambitions
|
Cloud services and
related software and hardware accounted for the majority of IT growth in
2013–17.
|
January 19, 2019
|
|
|
5 Industries
Blockchain is Slated to Disrupt in The Coming Years
|
January 19, 2019
|
||
|
Transportation,
logistics and supply chain processes are going through intense
transformation. We have identified three ways AI can revolutionize
supply chain management and logistics.
|
January 19, 2019
|
||
|
Blockchain
for Internet of Things
|
IoT solutions using
blockchain can be built to maintain a continuously growing list of
cryptographically secured data records protected against altering and
updates.
Such distributed
systems will make our planet smarter, more productive, and open up a colossal
scope of opportunities.
|
January 19, 2019
|
|
|
TCS a Leader in
Blockchain Services: Everest Group
|
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 Everest Group PEAK Matrix™ for Blockchain Services[1].
|
January 19, 2019
|
|
|
TCS Research and Innovation
(Video)
|
MIT's
Daniela Rus talks to TCS EVP and CTO K Ananth Krishnan on emerging
applications of AI and robotics
|
January 19, 2019
|
|
|
Around
the World: Latest Trends and Innovations
|
In
this article, we take a look at the various technology trends and interesting
solutions we came across while visiting different parts of the globe
throughout the year
|
Electronics For You
Volume 51, No. 1
January 2019
Page 54
|
|
|
The
future of Present Technologies
|
Technology
runs our lives these days. This article provides a quick look at the scope of
the present technologies a few years down the line
|
Electronics For You
Volume 51, No. 1
January 2019
Page 56
|
|
|
The
latest in AI and its applications
|
AI is
becoming a disruptive force that is redefining the modern industry. This
article features some exciting applications of AI, along with a glimpse into
the future, illustrating how AI will continue to transform industries and our
lives
|
Electronics For You
Volume 51, No. 1
January 2019
Page 34
|
|
|
How
the IoT has evolved from M2M communication
|
The
IoT is a network of devices connected to ISPs or WAN/MAN through an M2M
gateway
|
Electronics For You
Volume 51, No. 1
January 2019
Page 61
|
|
|
The
Industries of tomorrow will be run by the IIOT
|
The
Industrial Internet of Things enhances manufacturing and industrial
processes.
|
Electronics For You
Volume 51, No. 1
January 2019
Page 64
|
|
|
How
the Blockchain can add transparency to Healthcare
|
Ever
since the price of bitcoin went sky rocketing, the computer world has been
excited about the blockchain. Everyday, new applications of the blockchain
are being thought up and the focus has shifted to using it in every
conceivable human activity. This article explains how blockchain technology
can be used in healthcare
|
Open Source For You
Volume 07, Issue 04
January 2019
Page 30
|
|
|
Potential
Risks of Artificial Intelligence
|
Artificial
Intelligence (AI) is benefiting society in about every way possible.
AI-driven devices are becoming cognitive enough to aid people in times of
need. However, AI can be a great risk to society if it ends up in the wrong
hands.
|
Open Source For You
Volume 07, Issue 04
January 2019
Page 40
|
|
|
OpenIoT:
Enabling the Convergence of IoT and Cloud Computing
|
OpenIoT
is a simple-to-use open source application, which connects all the sensors
that use cloud technologies to make them an extension of your IoT application
|
Open Source For You
Volume 07, Issue 04
January 2019
Page 100
|
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