November 17, 2016
TCS recognized as leader in life sciences IT infrastructure, IT application services and digital IT services by Everest Group
Report cites TCS’ enhanced proprietary solutions, domain expertise, innovation, and consistent investment in technology as key attributes
New York | Mumbai: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced it has been recognized as a leader in life sciences IT application services and IT infrastructure services, and a leader and star performer in digital IT services in three recent Everest Group reports.
Everest Group acknowledged TCS’ strong foothold in the pharma and medical devices sector, and growing traction with biotechnology firms, in addition to its ability to develop next generation solutions in the areas of drug development and customer engagement. Everest Group also commended TCS for achieving year-on-year growth in its sizable digital IT services business, along with consolidated revenue across multifaceted buyer segments.
Everest Group assessed the capabilities and market successes of 21 IT service providers for IT infrastructure services, 22 vendors for IT application services and 23 for digital IT services, specific to the global life sciences sector. Everest Group mapped them to its ‘Performance, Experience, Ability, Knowledge (PEAK) Matrix™, a comprehensive composite index of several distinct metrics, such as each provider’s scale of operations, services suite, innovation, and domain investments. The resulting PEAK Matrix™ categorized service providers as leaders, major contenders and aspirants, and designated eligible companies with star performers status relative to their year-on-year movement on the Everest Group PEAK Matrix.
“Life sciences firms are increasingly looking at service providers to manage globally diversified operations. TCS has emerged as a partner of choice in an environment where clients are looking for all of the following at scale – execution excellence, domain expertise and innovation. TCS has displayed broad-based strengths across applications, infrastructure and digital to effectively form partnerships with this industry’s key players,” said Jimit Arora, partner, Everest Group.
“Life Sciences services today are more focused towards collaborative innovation, targeted analytics, and the development and deployment of nextgen solutions and platforms,” said Debashis Ghosh, president - life sciences, manufacturing and energy and resources, TCS. “We are proud to receive such ongoing recognition from Everest Group, reflecting TCS’ consistent advancements in domain expertise, efficiency in operations and radical technological breakthroughs, in delivering true business value to customers throughout the life sciences value chain.”
The three recent reports recognizing TCS in the Life Science sector were:
- “Life Sciences Digital IT Services- Service Provider Landscape with PEAK MATRIX™ Assessment 2016,” September 2016.
- “Life Sciences IT Application Services- Service Provider Landscape with PEAK MATRIX™ Assessment 2016,” August 2016.
- “Life Sciences IT Infrastructure Services- Service Provider Landscape with PEAK MATRIX™ Assessment 2016,” July 2016.