NEW YORK and MUMBAI, India, Nov. 21, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a Leader in the IDC MarketScape, "Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment," (Doc # US40510516, September 2016) report.
TCS was cited for its extensive industry experience in the Life Sciences industry, catering to a large number of customers in the pharmaceutical, biotech and medical devices sectors. Currently, more than 95 percent of TCS' Life Sciences customers are large companies with revenue exceeding $1 billion USD. The report also highlights TCS' account management capabilities, extensive employee strength and domain expertise in the Life Sciences industry as key attributes.
The IDC MarketScape assessed the capabilities and market successes of 11 leading IT Service providers that serve the Life Sciences sector in manufacturing and supply chain management. They were evaluated against their manufacturing and supply chain operating models, leadership, work sources and collaboration, supply chain optimization, innovation in collection, and aggregation and analysis of digital information, among others.
"Digital transformation is underway in life sciences manufacturing and supply chain IT platforms, bringing cohesion by connecting multiple manufacturing locations and distribution networks via technologies such as cloud and IoT. Supply chain complexity is also increasing due to regulatory requirements and other industry distribution challenges. Leading vendors in this space, including TCS, are leveraging their life science industry expertise, global delivery networks, and technological innovation to create great business value for their life science clients," said Mike Townsend, Research Manager for Life Science Business Systems Strategy at IDC Health Insights.
"The Life Sciences industry needs robust and secure manufacturing and supply chain collaboration models that provide an integrated platform to serve the needs of far-flung partners on a real time basis," said Debashis Ghosh, President - Life Sciences, Manufacturing, Energy and Resources, TCS. "This recognition by the IDC MarketScape reflects TCS' commitment to transform the manufacturing and supply chain processes of our clients through continuous investment in cutting edge technologies, domain expertise and industry experience to deliver notable business value."
Supply chain complexity and regulatory requirements have increased tremendously for the Life Sciences industry. Significant strides have been made by TCS to transform business processes and enhance digital competencies, including cloud computing, mobility, big data, and analytics for customers. Further TCS has enabled nimble manufacturing and supply chain processes, while improving quality, visibility and time to market.
Earlier this year, TCS was also recognized as a Leader in the IDC MarketScape, "Worldwide Life Science Sales and Marketing Digital Transformation Vendor Assessment," (Doc # US40510716, July 2016). The report highlighted TCS' extensive industry experience, technical expertise, strong client base and global delivery capabilities across Life Sciences sales and marketing space - a further testament to TCS' ability to streamline processes by enhancing efficiencies and creating a seamless experience for customers.
About IDC MarketScape
About IDC MarketScape: IDC MarketScape vendor analysis 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 TCS' Life Sciences Services
Top global life sciences organizations derive value from TCS' full services play in IT, consulting, KPO, infrastructure and engineering services as well as new-age business solutions including mobility and Big Data. TCS' rich industry experience, domain expertise and global footprint ensures that it partners with its life sciences customers to help them advance clinical trial efficiencies, accelerate drug discovery, accentuate manufacturing productivity and amplify sales and marketing effectiveness. In addition, TCS has a dedicated Life Sciences Innovation Lab, which ensures that its customers have the tools and innovative solutions they need to solve complex business challenges.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 371,000 of the world's best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com
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SOURCE Tata Consultancy Services