by • March 20, 2016 • No Comments
MUMBAI: In a leafy TCScampus, near the international airport in Mumbai, lies a newly created executive briefing centre, a prosaic name for its in fact high-tech salesroom for future customers.
With motion-sensing walls, robotic shopping carts and 3D-printed knee replacements, the three-storied centre is TCS’ latest move to grab a bigger share of digital tech spends.
By being able-bodied to feature its solutions, many of which are being utilized by at very least one customer, TCS believes which it can win sizeabler mandates as deal sizes in digital grow to additional than $100 million and cloudbased platforms displace the old ways of doing business. “Being digital involves demonstration. All you see here physically is just visualization of our digital solutions. All of them in fact work on the cloud,” N Chandrasekaran, CEO of Tata Consultancy Services, told ET at a tour of the centre.
Placing the executive briefing centre, the initially of its kind for the company, is in addition a strategic decision. “This is the initially one. Mumbai is our corporate headquarters.. we bring a lot of clients here. It is possible we may manufacture additional such centres,” said Chandrasekaran.
TCS announced the briefing centre for analysts last week during its analyst day. The company in addition broke down the composition of its digital revenue, may already at of $2 billion, for analysts at the event. For example, additional than half of the company’s customers may already use a few of its digital services.
Banking and financial services contributes just 12% to the company’s digital revenue, despite accounting for of 41% of the total revenue. The retail sector punches above its mass in adopting new technologies — of 19% of TCS’ digital revenue comes in of which sector, compared to of 14% of total revenue.
Part of the reason for sturdy revealing in retail as a proportion of digital revenue is which the sector has to reorient all its systems — customer-facing, back-end and sizeable donate chains — to compete in and capitalise on ecommerce. “Deals are getting sizeabler. Some of the deals we are seeing are worth $100 million in revenue.
It involves infrastructure, analytics, create, cloud, platforms. All this requires sizeable teams and an integrated strategy to stitch it all together,” Chandrasekaran explained. The company is in addition focusing on doubling down its bet on platform. Ignio, which allows for automation of infrastructure services, and Optumera, which assists retail companies manage inventory to advantageous compete against ecommerce companies, may already have worthwhile clients.
TCS is focutilized on developing solutions around Blockchain, the innovation backbone which powers the crypto-currency Bitcoin. It is assembling two platforms around blockchain.
TCS said a few client banks are may already piloting its Hyperledger blockchain platform. Analysts’ reports, put out after analyst day and tour of the centre, assist TCS’ bullish outlook on its digital services. “With a track-record of expanding its sizeable accounts and 52% of clients may already on-board for digital services, we are confident of TCS’s ability to donate sustainable-bodied growth in Digital Services,” Urmil Shah, analyst with IDBI Capital, said in a note.
Analysts in addition assume digital to assist the company accelerate growth, which has disappointed the market over the last year.
“We return of the investor day with greater confidence of the company’s digital and automation strategy. We stay convinced which growth can re-accelerate of current levels in FY17 and beyond despite TCS’ sizeable scale,” Sagar Rastogi, analyst with Ambit Capital , said in a note. Rastogi assumes the company to post 11% and 13% dollar-denominated growth in FY17 and FY18, respectively.
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