Leading software services provider, Tata Consultancy Services (TCS) will continue to invest more on digital technologies, which is an area of growth for the company.
Addressing shareholders at the company’s 20 annual general meeting (AGM), its chairman, Cyrus Mistry said, “Digital technologies have created major impact on enterprises, consumers, governments and society. TCS has made significant investments in the digital five forces — mobility, social computing, big data, cloud and artificial intelligence and robotics.”
He said all the industrial solutions units of TCS were working with customers in digital and helping them look at the future of their business in a completely new way. TCS, along with its partners, had developed a digital platform which helped improve the quality of life and safety of fishermen. The platform offers weather forecasts, cyclone and tsunami alerts, international boundary alerts and safeguards fishermen from crossing international borders besides offering fish market prices.
“This, along with ‘passport seva’ and income tax e-filing helped in delivering a superior experience to the citizens,” he said.
To train one lakh employeesN. Chandrasekaran, Managing Director and CEO, TCS said the company was investing in training one lakh employees in terms of various digital technologies in 2015-16.
“We have invested in building the necessary consulting framework, solution frameworks, tools, technologies to help customers to rethink about their business in terms of these technologies and what it means to them,” he said adding that TCS signed partnerships not only with technology companies and start-ups but universities and design houses to be able to bring the best solutions its clients.
“We are building our own intellectual property (IP) and have built a number of digital platforms which are very disruptive in nature from a solution point of view.”
In early June, TCS launched its artificial intelligence/neuroscience based platform in New York and Mr. Chandrasekaran believed that in the future artificial intelligence and robotics would become very powerful tools.
TCS Japan set up as a 51:49 stake joint venture with Mitsubishi in 2014-15, “is an investment with a strategic point of view with the long term growth of the Japanese market in mind.
“The Japanese market has been very slow for the IT industry and we hope to grow in that market in the years to come,” Mr. Chandrasekaran said.
