SANTA CLARA, Calif. and MUMBAI, India, May 6, 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 Internet-of-Things (IoT) NelsonHall Vendor Evaluation and Assessment (NEAT) Report 2016, authored by Mike Smart.
The NEAT Report analyzed and identified the overall performance of top global vendors offering IoT services, with a specific focus on IoT application services, secure IoT infrastructure management and for new business model development. NelsonHall predicts that the global IoT market is to experience a growth of 54 percent CAGR by 2020, and will reach a market size of more than $9 billion.
Mike Smart, Research Analyst at NelsonHall and author of the IoT NEAT report 2016, said, "TCS has been developing its IoT portfolio based around five digital forces: big data analytics, mobility and pervasive computing, cloud, AI and robotics, and social media. Its end-to-end services can move clients through IoT consulting and ideation in its Digital Reimagination centers, to development, systems integration and management of IoT solutions. The wide range of TCS' IoT clients is supported through a number of IoT processes such as its Sensor Data Analytics Framework (SDAF)."
TCS' success is attributed to its strong and growing client relationships and the ability to be agile and highly flexible in meeting their needs. With IoT being a fundamental part of TCS' Digital Reimagination™ process, TCS' consulting services help businesses to identify IoT opportunities and build business strategies to transform into fully optimized, IoT-enabled and connected enterprises. TCS' IoT portfolio includes a host of industry specific offerings and deep expertise to integrate all components of an end-to-end IoT solution. Examples of such IoT building blocks include the TCS Sensor Data Analytics Framework, "out-of-the-box" applications based on advanced big data and advanced machine learning algorithms, innovative visualization capabilities, tool sets to enable cloud deployment, and mobile apps leveraging IoT data.
"The Internet-of-Things has the potential to fundamentally reimagine businesses in many of the industries we serve, and data transparency enabled by IoT is helping to create new business models and service offerings, thereby creating substantial incremental revenue," said Dr. Ramaswamy, Global Head of TCS' Digital Enterprise unit. "IoT is also enabling new brand value by creating segments-of-one as opposed to gross segmentation. TCS is pleased to be recognized as a leading IoT service provider by NelsonHall and looks forward to spearheading IoT-enabled Digital Reimagination™ journeys for many of its customers moving forward."
NelsonHall is the leading global BPS and ITS research and analysis firm. Founded in 1998, the company takes a global approach to analysis of vendors and outsourcing markets and is widely respected for the quality and depth of its research. NelsonHall also offers a suite of "Speed-to-Source" tools (NEAT) that assist buy-side executives in saving time and money, while enhancing the quality of their sourcing decisions, in BPS and ITS evaluations.
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 353,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services