Everest Group names TCS as leader and star performer in IoT services

Tata Consultancy Services (TCS) has been named a leader in Everest Group-PEAK Matrix® for IoT services for the second consecutive year. In addition to this, it was also named a star performer for top quartile year-on-year improvement in its scores.

According to the report, TCS’ considerable business growth in IoT over the past one year was driven by large scale engagements and progress from proof of concept to production stage. A key strength highlighted its significant investments in developing proprietary solutions across different verticals and a well-diversified customer base across both industrial and consumer centric IoT verticals. Another differentiator mentioned TCS’ significant investments in strengthening delivery capabilities through innovation hubs and talent development initiatives.

TCS’ IoT framework help customers build self-aware and predictive systems that can sense and intelligently respond to changes in the physical environment. Using this framework, organisations can create new, boundaryless and pervasive business models, seamless customer experiences, optimised and responsive value chains and enhanced safety and security at the workplace. Its value-driven implementation plan with IoT use cases help organisations move up the digital maturity curve.

TCS’ IoT solutions help customers across industries like manufacturing, consumer packaged goods (CPG), retail, energy, utilities, transportation, logistics and healthcare, hi-tech and telecom drive business transformation as well as operations transformation.

The stock closed at 2047.75, up by 0.14per cent or Rs 2.8 per share. The intraday high is Rs 2296 and intraday low is Rs 1504.4.