Tata Consultancy Services’ Leverages its Purpose Driven, Consulting-Led Portfolio of Business and Technology Services on Cloud, to Help Customers Accelerate their Growth and Transformation Journeys
NEW YORK | MUMBAI, June 16, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a Leader in the IDC MarketScape for Worldwide Cloud Professional Services1
The report highlights that “TCS helps enterprises envision, design, build, and sustain a cloud-led business ecosystem spanning through the entire spectrum of cloud transformation services — adoption strategy and advisory, migration coupled with modernization, and business ecosystem integration.” It goes on to say that “TCS offers a purpose-driven, consulting-led portfolio of business and technology services on cloud, powered by its rich business contextual knowledge and a proven suite of cloud-first solutions, tools, and accelerators that drive speed to value.”
“With cloud as the unifying digital fabric, TCS helps customers take advantage of break-through technologies, establish innovation ecosystems, and drive their vision of integrated transformation,” said Krishnan Ramanujam, Business Group Head, Enterprise Growth Group, TCS. “We believe our positioning as a Leader is a testament to our deep contextual knowledge and strategic value engines that harness the full power of cloud with certainty to make enterprises future ready.”
TCS offers end-to-end services spanning the entire cloud journey and including cloud advisory services, application and data estate modernization and migration, cloud-based industry solutions, and managed services. Its sustained investments in research and innovation have resulted in an industry leading portfolio of frameworks, accelerators, products, and platforms that can significantly speed up customers’ cloud transformation journeys.
TCS' application transformation services consist of:
- Consulting services: Cloud and digital maturity assessments to identify gaps and derive an actionable modernization roadmap, strategy and visioning workshops to establish the target operating model, evaluation for microservices and design thinking for UX.
- Application portfolio transformation: Helps decide whether to retain, retire, replace, or rebuild legacy applications and subsequently whether to rehost, refactor, or re-platform while migrating to the cloud. New applications are built harnessing digital technologies and business processes are analyzed to identify harmonization opportunities, which are then crafted as a bouquet of microservices, APIs and a modern UX.
TCS helps enterprises design, execute, and sustain a cloud-led business ecosystem strategy, with services and enablers such as a comprehensive Cloud Governance framework that includes key governance elements such as design authority (architecture), security, innovation, demand intake/fulfilment, change adoption and above all value management.
TCS harnesses its deep domain knowledge, investments in intellectual property (IP) and cloud expertise to provide verticalized offerings across industries such as banking, financial services and insurance, retail, distribution and CPG, telecom, media and entertainment, manufacturing, life sciences and healthcare, energy and utilities, travel and hospitality, technology and services, and public sector. With its best-in-class IP and foundational services propelled by a clear vision for industry cloud offerings TCS delivers superior business outcomes to customers.
TCS’ cloud-based intellectual property includes the TCS Advanced Drug Development Platform, ERP on Cloud, Hosted OSS/BSS (HOBS) for CSPs, the TCS iON assessment platform, TAP™ for procure to pay, CHROMA™ for talent management, Intelligent Urban Exchange, and TCS BaNCS Cloud for banking and financial institutions.
TCS designs private, hybrid, and managed cloud platforms to enable dynamic and agile enterprises. The TCS ecosystem of partnerships and alliances with all major public cloud providers ensures enterprises achieve their specific digital transformation goals. In addition, for customers with special requirements, TCS’ Enterprise Cloud Platform offers a broad range of flexible private cloud infrastructure options, including PaaS.
Gard Little, Vice President, Global Services Markets and Trends research team, IDC, said, “TCS’ end-to-end cloud strategy, services and solutions, investments in innovation as well as IP, customer-centricity, and global reach, positioned it in the Leaders category in the 2022 IDC MarketScape for worldwide cloud professional services. Customers speak highly of its innovation potential, technology expertise, partnership-focus and overall agility.”
“Our extensive portfolio of cloud professional services backed by proprietary solutions, products, platforms and cloud partnerships coupled with our consulting and digital transformation capabilities, all provide the foundation for enterprises to rapidly scale, seize emerging opportunities, and future-proof their business,” added Krishnan Ramanujam.
1IDC MarketScape: Worldwide Cloud Professional Services 2022 Vendor Assessment, April 2022, IDC #US48061322
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 592,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com
