SANTA CLARA, Calif. and MUMBAI, India, Nov. 28, 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 Internet of Things Consulting and Systems Integration Services," (IDC #US41880716, November 2016) report.
The report noted that TCS has a wide range of industry-leading IoT capabilities, solutions and services across strategy, consulting, and system integration services as part of its digital offerings. TCS has designed a comprehensive framework that provides a holistic IoT implementation strategy for customers, which delivers innovation and speed to market. This includes emphasis on Digital Reimagination™, which involves fundamentally reimagining businesses by leveraging digital technologies including IoT, Cloud, Mobile, and Big Data Analytics. TCS continues to make strategic investments in industry specific IoT solutions, and in augmenting its systems integration services capabilities by leveraging an ecosystem of niche technology partners.
The IDC MarketScape assessed the market success of 15 major global Internet of Things (IoT) service providers on their services capabilities and strategy to meet customers' current and future needs. This research is a quantitative and qualitative assessment of a vendor's success in the worldwide IoT marketplace.
"Internet of Things is shaping up to be a complete reimaginative force for our clients, with its ability to change their businesses fundamentally, from adoption of newer business models to creating modern digital-physical workspaces," said Dr. Satya Ramaswamy, Vice President and Global Head of Digital Enterprise, TCS. "Our approach of viewing IoT in this light of disruptive innovation is resonating with our customers. We are pleased to be positioned as a Leader by IDC in their evaluation of this industry."
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 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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