Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), one of the world’s leading IT services, consulting and business solutions organizations, has been named a leader in Everest PEAK Matrix® for Autonomous, Connected, Electric and Shared (ACES) Mobility Automotive Engineering Services1.
The report highlights TCS’s sustained relationships with its customers, a partnership-based approach and strong thought leadership on next generation automotive themes as key strengths. He goes on to say that TCS shows a great capacity to adapt to adapt to the changing needs of customers; and business leaders are open to new business models and terms of engagement. According to the report, customers appreciate the process-oriented approach and agility that TCS demonstrates in engagements, as well as the quality of the resources.
“Global automotive OEMs, Tier 1 manufacturers, and other ecosystem players are leveraging cognitive technologies, the Internet of Things (IoT), and the cloud to create powerful and technological experiences for customers. Our suite of automotive solutions enables players in the connected and autonomous vehicle ecosystem to take advantage of these emerging technologies to accelerate product innovation, connected experiences, stimulate competitive differentiation and prepare for the future ”, added said Susheel Vasudevan, Business, Manufacturing and Utilities Group Leader, TCS. “This leadership position is a reflection of our vision, our capabilities, our technological expertise and the resulting business success.”
TCS leverages its unique board-led value discovery approach that brings together the right stakeholders from across functional groups in client organizations to create their mobility vision, strategy and roadmaps. The company’s expertise in digital technologies and its experience in the automotive industry enables it to build and chart a path to exponential value for its customers with relevant use cases and a focused implementation plan. on the value.
TCS offers a comprehensive portfolio of ACES automotive engineering services across the value chain for global automotive manufacturers and component suppliers. He helps automotive customers design and develop smart, safe and connected products and ecosystems, using his in-depth domain knowledge, global service experience in consulting, embedded software, hardware electronics, engineering mechanics, infrastructure services, data management, automation, AI / ML and analytics.
A dedicated research team is focused on developing new methodologies in ACES services and processes to innovate faster and embrace new automotive trends and technological advancements. Additionally, TCS has invested in creating proprietary solutions in the ACES space to help customers innovate and accelerate product development. These include:
– TCS Autonomous Development Platform: Accelerates the development of end-to-end autonomous vehicles with an AD / ADAS algorithm development solution, an integrated data management solution enabling rapid collection, analysis, validation and virtualization Datas.
– TCS Autoscape ™ Solution Suite: Enables players in the connected and autonomous vehicle ecosystem to pursue new business models, rapidly launch new services, and deliver differentiated experiences and value to end customers.
– CHAdeMO Protocol Tester Tool: A unique test tool for protocol validation for electric vehicles. It is a lightweight, user-friendly tabletop hardware module with an intuitive graphical user interface that helps clients generate automated compliance reports.
– TCS DigiFleet ™: an IoT-compatible SaaS that assimilates telematics and environmental data to provide customers with impactful real-time commercial information on their fleet and their freight and helps improve the visibility and operational efficiency of their logistics on the move.
In addition, TCS relies on its strong ecosystem of partners, comprising of technology providers, cloud providers, academic institutes and leading industry consortia, including semiconductor manufacturers, automotive compliance consortia. and product testing partners, as well as its own intellectual property, to help customers accelerate and evolve their product innovation programs.
“TCS’s position as a leader in the ACES PEAK® matrix stems from its expertise in software and digital technologies, which it leverages to create value in the areas of next-generation mobility. It has developed a diverse set of proprietary solutions around ADAS, connected solutions such as V2X and vehicle diagnostics, EV architecture and prototyping, and various fleet management solutions and platforms within the ACES space. has partnered with key ecosystem players, such as hyperscalers, chip makers, research institutes, startups and consortia, to bring end-to-end solutions to their customers. It has also invested in infrastructure, such as test and validation laboratories, experience centers for co-development and innovation, and centers of excellence to develop talent and expertise in the fields. of emerging mobility. Customers appreciate TCS. strong experience in the field and its ability to scale up, using the technically sound teams required for the program, while demonstrating ness commercial competitiveness and flexibility in its commitments ”, said Akshat Vaid, vice president, Services of engineering, Everest Group.
“The automotive industry is seeing a drastic shift in the adoption of new technologies in the ACES space and is demanding an accelerated pace of scale and innovation to respond to it. With its strong expertise in the field of automotive engineering and its proactive investments in building IP systems solutions, skills and scale in areas such as AI / ML, IoT, high performance computing and 5G, TCS enables customers to accelerate their ACES journey, ”said Regu Ayyaswamy, Global Head of IoT and Engineering and Industrial Services, TCS.
The actions of Tata Consultancy Services Ltd. Last traded in the BSE at Rs. 3864.95 from the previous close of Rs. 3823.35. The total number of shares traded during the day was 48,497 in over 3,785 trades.
The stock hit an intraday high of Rs. 3870.3 and intraday low of 3823. Net turnover during the day was Rs. 186,944,319.
1 PEAK Matrix® Assessment of ACES Automotive Engineering Services 2021, Everest Group, August 2021