February 9 2016, 12.17 PM IST || Pocket News Alert
NEW YORK | MUMBAI, February 9, 2016: 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 Manufacturing Service Life-Cycle Management IT Strategic Consulting 2015 Vendor Assessment,” (doc# MI259885, October 2015) report.
This IDC MarketScape report assesses the capability and business strategy of seven IT service providers for SLM IT strategic consulting. The report highlights TCS’ solid business capabilities and promising go-to-market strategy. TCS has also been recognized for its capabilities to identify business priorities and create road maps based on extensive analysis and share best technology recommendations aligned with business goals.
“Services business is becoming increasingly strategic for manufacturing firms and we are delighted to be recognized as a leader in the SLM Strategic Consulting space,” said Milind Lakkad, Global Head, Manufacturing Industry Solutions Unit, TCS. “Our position as a ‘leader’ in the IDC MarketScape reinforces our innovative digitalized approach to enable manufacturers across the globe to establish leading edge capabilities in the Service Experience that they are able to offer to their end customers.”
“With the rise of connected products and as a result of connected services, manufacturers are increasingly seeking out IT strategic consulting service providers to help transform their service life-cycle management offerings into a growth engine for the wider business,” says Heather Ashton, research manager for IDC Manufacturing Insights. “TCS’ business capabilities are solid and the go-to-market strategy is promising. TCS has helped its clients to identify key business priorities based on analysis and provide recommendations to support business goals.”
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.
