TCS wins CII Award for Best Patents Portfolio
Deepthi | Myequity news | Date : 23-10-2018 18:15:00 IST
Tata Consultancy Services (TCS) won an award for the Best Patents Portfolio (2013-2018) in the Large (Engineering) Industries category at the CII Industrial Intellectual Property (IP) Awards 2018.
These awards have been instituted by the Confederation of Indian Industry to encourage organizations to foster a culture of intellectual property management and commercialization, and to recognize and celebrate Indian enterprises which demonstrate excellence in IP generation and protection across industry segments.
TCS has been a leader in developing intellectual property (IP), and holds a US patent for managing a sustainable intellectual property portfolio. Its large IP portfolio is managed using an in-house developed integrated IP rights management system. TCS' award-winning patents portfolio is designed to provide intelligence on the technology direction in the market, and insights to focus on a priority set of areas for research, innovation and IP creation. In the last 5 years, TCS filed more than 2700 patent applications, and has been granted 550 patents.
"In a Business 4.0 world, competitive differentiation is increasingly built through technology leverage, and success is predicated on the ability to foster a robust innovation culture with an ability to harness the larger innovation ecosystem. This brings enormous opportunities and exciting challenges for every enterprise to strategize, plan and execute its innovation and IP management," said Dr. Santosh Mohanty, VP and Head, Components Engineering Group, TCS. "We at TCS have been at the forefront of this evolution and are continuously exploring opportunities for leveraging /P-led disruptions to drive market making offerings. This recognition from C/1 is a validation of our success in this strategy."
The award was presented to TCS at the Fourth International Conference on Intellectual Property Rights (IPR) at Hotel Le-Meridien, New Delhi, with the theme of 'Ease of Doing IP Intensive Business in India'. About TCS:
Tata Consultancy Services is an IT services, consulting and business solutions organisation 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. A part of the Tata group, India's largest multinational business group, TCS has over 411,000 of the world's best-trained consultants in 46 countries.