SANTA CLARA, Calif. and MUMBAI, India, Nov. 22, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today announced that for the second year in a row, it has been recognized with highest overall performance by analyst firm HfS Research in its latest HfS Blueprint, "Internet-of-Things report."
HfS Research assessed 18 service providers of IoT Services in two main categories - Innovation and Execution. This report provides valuable intelligence and insights that helps to evaluate the best supplier and partner fit to achieve specific digital business goals. 'As-a-Service Winner's Circle' category recognizes service providers with highest overall performance in the HfS Blueprint Grid.
TCS combines innovation with enterprise scale execution to co-create IoT solutions with global clients through its Digital Reimagination™ studio where design thinking and advanced engineering are key focus areas. TCS' Digital Reimagination™ studio creates meaningful innovations by leveraging a human-centered systemic approach and emerging digital technologies.
"Collaborative approaches via TCS' Digital ReimaginationTM studio help bring digital business opportunities and goals into focus, with a global infrastructure to quickly make them a reality. TCS is positioned to the "As-a-Service Winner's Circle" in the HfS Blueprint Report – Internet of Things(IoT) Services – 2016 for deep skills in connected intelligence and insights from data flow analysis combined with robust platform approaches providing a powerful engine for secure IoT development," said Phil Fersht, CEO and Chief Analyst at HfS Research.
"The wide spread use of sensor technology combined with the extreme scalability and cost-effectiveness of today's open source Big Data systems has led to a surge of practical IoT applications in both consumer and enterprise spaces," said Dr. Satya Ramaswamy, Vice President and Global Head of Digital Enterprise at TCS. "This recognition by HfS Research for the second consecutive year is a testament of how we enable customers to fundamentally reimagine their business models, products and services, customer segments, channels, business processes and workplaces by leveraging modern IoT architectures and our intellectual property."
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.