TCS Recognized as a Leader for Fourth Consecutive Time in Life Sciences R&D ITO Services by IDC MarketScape

Deepthi | Myequity news | Date : 20-08-2018 14:50:00 IST

Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, has been recognized as a Leader for the fourth consecutive time, in the IDC MarketScape for Worldwide Life Science R&D ITO Services 2018.

According to the report, TCS received high marks for its technical skills, deep industry knowledge, competent end-to-end project delivery capabilities, and ability to take greater project responsibility as more of a partner than a vendor. TCS strong technical focus, success with prominent life science companies, and broad service offerings, were also highlighted as strengths.

"Life sciences companies are embracing emerging technologies to reinvent their R&D processes to meet the challenge of evolving business models, higher R&D costs, elongated drug approval timelines and increasingly complex regulations. This recognition of our leadership is a validation of our customer centricity and Business 4.0 vision that have been driving our investments in capabilities and future-ready solutions that are closely aligned to customer needs," said Debashis Ghosh, President- Life Sciences and Healthcare, TCS.

TCS partners with leading life sciences companies to drive innovation and reimagine their R&D processes by leveraging next generation platforms and emerging technologies. TCS genomics and translational research offerings also deliver differentiated value to life sciences companies by combining bioinformatics analysis and DNA sequencing lab capabilities for emerging genomics-driven R&D initiatives.

"Life science companies are looking to harness the power of new technologies to reimagine their R&D processes. With its Business 4.0 thought leadership framework, depth in life sciences-specific technologies, scale in digital and innovative offerings like the Advanced Drug Development platform, TCS is well positioned to meet the transformation needs of its customers," said Alan S. Louie, Research Director, IDC Health Insights Life Science R&D Strategies and Technology.

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.

About Tata Consultancy Services Ltd. (TCS):

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development. A part of the Tata group, India's largest multinational business group, TCS has over 400,000 of the world's best-trained consultants in 46 countries.

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