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cloud unit structure
tata consultancy services ltd has become the first Indian information technology services company it's artificial intelligence and cloud buisnesses entity named ai.cloud a strategic shift towards innovation and client centricity to seek emerging opportunities in the digital transformation landscape Shiva ganeshan a TCS vetran who oversaw the Microsoft business unit spearhead the a i cloud unit
traditionally provided cloud services through a centralised approach tailoring IT solution for industries this integration in the fiscal year
a significant change it's operational structure
the consolidation aims to improve efficiency and stream line operation offering client a seamless integration of ai
and cloud solutions under one banner instead catering to individual clients
TCS a key player in the global it industry
serves in banking health care and retail sector with robost revenues of while TCS historically revenues cloud or ai initiatives the growing importance of data and cloud for its generative ai (genral ai)
business chief executive officer k kirthivasan revel that the company general ai pipeline had 900 million a year ago cloud adoption is a catalyst for innovation and a strategy for growth the unifying digital fabric that forms the foundation for a connected future one that continues to unfold with each technological advancement including gen ai kirtivashan head said in a letter to share holders after its fiscal year 24 annual results
TCS to disclose its gen ai revenue follows Accenture plc led by ceo Julie sweet which was the first to announce gen ai
revenues of 600 million remember that you cannot just jump to the data foundation you need to be in cloud you to have modern platform sweet said during a post conference anylyst call while such discloser underscore the proactive commitment to transperancy of leading IT services firms it points to the growing competitive landscape in emerging technology in May 2019 mint had reported that
Accenture which earns as much as TCS in revenues a swipe at TCS digital offering under business 4.0 start applying digital at the core of business to reinvent a new era of industry business 4.0 is the epitome of industrial digitisation notion of the industry itself is evolving a post on the official website of Dublin headquartered Accenture xo
TCS ensures it provides global 2000 enterprises a alternative to Accenture in cloud ai data and strategy areas and just low cost outsourcing said
phil fersht ceo of us based outsourcing research firm HSF research in an emailed response to mint queries
the oncoming ai wave
kirtivashan to lead with Accenture
follower innovation waves he added
pave the way for other firms to follow suit