Jul 20, 2020 | Tech
Tata Consultancy Services’ Machine First™ Delivery Model, powered by ignio™, will Result in a Resilient, Self-Healing Digital Core and Enhanced User Experience
NEW YORK | MUMBAI, April 20, 2020: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, and Amway, a global leader in direct selling, have entered into a strategic partnership to transform the latter’s global technology operations.
Amway was looking to transform its IT infrastructure and operations and its global service desk in order to improve agility, accelerate speed to market, and enhance customer experience. TCS will leverage its Business 4.0™ framework to deliver a new operating model by consolidating and standardizing IT operations, implementing TCS’ Machine First™ Delivery Model (MFDM™), powered by ignio™, its cognitive automation software, continuing Amway’s journey from a reactive to a proactive and predictive model.
The transformed operating model will feature self-healing capabilities, chatbots, self-help and improvement of its service desk mobile app. These enhancements will strengthen Amway’s operational resilience and end user experience. Additionally, TCS will promote agile working methods and standardize operating procedures to enable greater agility and accelerate Amway’s transformation journey.
“We see transforming our IT operations as key to accelerating growth and enhancing our end user experience. TCS impressed us with its domain knowledge of the retail and consumer goods industry, its partnership approach and flexible engagement model,” said Tom Meyer, Vice President, Global Infrastructure & Operations, Amway.
“A scalable, responsive and resilient digital core is an essential foundation for enterprises looking to leverage digital technologies to differentiate themselves in a Business 4.0™ world,” said Surya Kant, Head of North America, UK and Europe, TCS. “We are delighted to partner Amway in transforming their IT operations to be better aligned with business imperatives while reducing operating risks and improving end customer experiences.”
“Enhancing the customer experience is a key and pivotal part of Amway’s growth strategy, which is why we have chosen TCS as the global infrastructure & operations and global service desk partner to drive innovation and transformation,” said Alex Yeung, Global CIO, Amway. “This partnership will help us establish the right foundation needed to propel Amway’s growth agenda as outlined by our CEO’s vision and strategy.”
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 over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up-to-date on TCS global news, follow @TCS_News.
About Amway
Amway is a family-owned, $8.4 billion consumer goods manufacturer and direct selling company based in Ada, Michigan, USA that is committed to helping people live better, healthier lives. Top-selling brands for Amway are Nutrilite™ vitamin, mineral and dietary supplements, Artistry™ skincare and color cosmetics, eSpring™ water treatment systems and XS™ energy drinks – all sold exclusively by independent Amway Business Owners. Global sales in 2018 made Amway the No. 1 direct selling business in the world, according to the 2019 Direct Selling News Global 100. The company’s annual sales figure includes revenue from direct selling operations and other business holdings. For company news, visit amwayglobal.com/newsroom.
TCS Media Contacts
India
Email: arushie.sinha@tcs.com
Phone: +91 22 6778 9960
Phone: +569 6170 9013
USA
Email: b.trounson@tcs.com
Phone: +1 646 313 4594
Jul 20, 2020 | Tech
Tata Consultancy Services’ iON Digital Glass Room Enables Educators to Securely Transition to Remote Digital Learning Amid COVID-19 Pandemic
NEW YORK | MUMBAI, April 23, 2020: TCS iON™, a strategic unit of Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that in the wake of COVID-19 and closure of schools and colleges, it is offering access to the TCS iON Digital Glass Room, a virtual learning platform, free of cost to educational institutions in the US until March 31, 2021. The platform, already available in Europe and India, enables educators and students to connect in a secure virtual environment, moving lessons from classrooms to interactive digital glass rooms.
The TCS iON Digital Glass Room is a web-based digital education platform for schools and universities, empowering educators to engage with students in real-time by uploading and sharing their own school lessons, videos, worksheets, assignments and assessments, and using interactive methods like polls, debates, quizzes, surveys, and more. TCS will provide the initial digital training and support to help institutions get up and running in a matter of hours.
Registered educational institutions can leverage easy-to-use templates for student and teacher data collection that is loaded into the secure platform for every classroom instance. The platform supports a wide set of pedagogies, along with integration with vendors providing a range of video session features.
“TCS iON Digital Glass Room is a secure, user-friendly platform that empowers academic institutions and educators to continue with the coursework even when students can’t physically be present in a classroom. The ability to use their own lesson plans and interaction style will limit any disruption and confusion, and enable uninterrupted education into the 2021 school year,” said Venguswamy Ramaswamy, Global Head, TCS iON.
TCS iON Digital Glass Room is currently being made available globally to educational institutes of all types, regardless of the medium of instruction, Board/University affiliation or size. Interested schools and higher education organizations can register for the platform by going to
https://www.tcsion.com/Glassroom.
About TCS iON™
TCS iON™ is a strategic business unit of Tata Consultancy Services focused in enabling institutions, government departments and organizations from multiple industry sectors to be efficient in their recruitment/admissions process, learning, skilling and overall business operations with the use of ‘Phygital’ platforms. These are platforms that overlay digital technologies over physical assets. TCS iON™ delivers this with a unique IT-as-a-Service model, serving clients with the help of best practices gained through TCS’ global experience, deep domestic market exposure along with industry-leading technology expertise.
For more information log in to www.tcsion.com.
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 business, technology and engineering services and solutions. 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up to date on TCS global news, follow @TCS_News.
TCS iON contact:
Alok Tiwari
Email: alokm.tiwari@tcs.com
Phone: +91 98 3366 7756
TCS media contacts:
India
Email: arushie.sinha@tcs.com
Phone: +91 22 6778 9960
USA
Email: b.trounson@tcs.com
Phone: +1 646 313 4594
Jul 20, 2020 | Tech
Product Expands the AI Product Portfolio of Digitate, Tata Consultancy Services’ Software Venture; Helps Enterprises Make Smarter Purchase Decisions
SANTA CLARA | MUMBAI, April 27, 2020: Digitate, a software venture of Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced the release of ignio™ Cognitive Procurement to help enterprises make smarter purchase decisions and take action faster.
Global organizations with large and diverse procurement needs, can get superior outcomes by minimizing the number of purchase transactions that result in sub-optimal spend, non-compliance and processing fallouts. Traditionally, procurement organizations have tried to address this with tighter controls and regulations, which adversely impact the overall cycle time.
ignio Cognitive Procurement leverages AI/ML to bring speed and scale to this process, enabling enterprises to deeply understand procurement behavior, monitor purchase transactions in the background, and intervene when needed. It uses cognitive technologies to:
• Identify items being procured with significant price variance along with price recommendations
• Detect and flag purchase transactions exhibiting odd behaviors or undesirable price variances
• Mine behavioral patterns that explain different types of exceptions requiring human intervention
• Predict likely exceptions in purchase transactions ahead of time
• Provide out-of-box analysis of spend along multiple dimensions
“The mandate for procurement organizations today is to add value beyond spend optimization. Moreover, the evolving situation around Covid-19 is forcing organizations to make some hard, unconventional decisions under constraints to manage demand and supply,” said Akhilesh Tripathi, Global Head, Digitate. “ignio Cognitive Procurement unlocks new value levers by making it possible to uncover hard-to-discern anomalies and delivers granular operational intelligence to help procurement experts make smarter decisions and take faster action. It will help organizations navigate through this crisis carefully and come out stronger. We are excited to launch this latest product in our suite of AI/ML-powered solutions for the enterprise.”
Mickey North Rizza, Program Vice President, Enterprise Applications and Digital Commerce, IDC, said: “With the pace of business increasing, it will become more critical for end users to have fast and accurate insights from their business data. ignio Cognitive Procurement software is an exciting offering from Digitate.”
ignio Cognitive Procurement marks the latest addition to Digitate’s AI product line, which includes ignio AIOps, ignio AI.WorkloadManagement, ignio AI.ERPOps for automating ERP support operations, and ignio AI.Digital Workspace.
About Digitate
Digitate is a software venture of TCS. Launched in 2015, Digitate’s ignio™ is an award-winning solution that reimagines enterprise IT operations with its unique and innovative design that blends artificial intelligence, machine learning, and advanced software engineering to quickly and autonomously resolve issues when they arise, and preempt incidents wherever possible. ignio has been adopted by large, global enterprises, mostly Fortune 500 and Global 2000 corporations, which are leaders and innovators in their respective industries. Digitate is headquartered in the heart of the Silicon Valley in Santa Clara, California, USA and Pune, India. To stay up-to-date on ignio news, follow us at @iam_ignio and visit us at www.digitate.com.
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 over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up-to-date on TCS global news, follow @TCS_News.
Digitate Media Contact:
Rajiv Nayan | r.nayan@digitate.com | +1 925 577 9154
TCS Media Contacts
India
Email: arushie.sinha@tcs.com
Phone: +91 22 6778 9960
USA
Email: b.trounson@tcs.com
Phone: +1 646 313 4594
Jul 20, 2020 | Tech
Tata Consultancy Services’ SaaS Banking Solution will Provide the Bank with a New Digital Core to Leverage Ecosystems, Launch New Services and Grow its Customer Base
NEW YORK | MUMBAI, May 6, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced that Continental Bank in the US has selected TCS BaNCS™ Cloud for Banking to digitally transform its business.
Continental Bank is a privately owned commercial bank, headquartered in Salt Lake City, Utah. It specializes in commercial equipment financing for small and medium businesses, real estate financing as well as a growing suite of deposit products. The bank wanted to expand its product and customer base beyond its equipment finance roots and was looking for a SaaS-based core processing solution that could accommodate a variety of commercial and small business banking product functionalities.
It selected TCS BaNCS Cloud for Banking to unify its offerings, integrate lease applications and offer its small and medium business customers a superior banking experience. The solution will help the bank quickly create and launch new products and connect with preferred partners in the larger banking and fintech ecosystem. By implementing TCS BaNCS, Continental Bank will be able to grow its customer base and offer newer differentiated services.
Nathan Morgan, CEO, Continental Bank, said, “We have selected TCS BaNCS Cloud for Banking for its comprehensive capabilities to support our commercial customer base and to provide convenient online account opening and self-service facilities to our small and medium business clients. With the new platform, we will be expanding our portfolio with newer lending products as well as commercial deposit products and cash management tools, to increase our traction with existing customers while catering to the needs of newer market segments.”
“In the digital age, expectations around customer experience have gone up but banks are often constrained by their legacy systems. TCS BaNCS Cloud for Banking is a ready full-service SaaS solution for US banks seeking to collaborate with a range of partners and fintechs to launch innovative products and deliver superior customer experiences,” said R Vivekanand, Co-Head, TCS Financial Solutions.“We are happy to bring Continental Bank on board our platform, and offer them the same comprehensive capability and technological sophistication that the world’s largest banks possess. With this new digital core, Continental Bank will be able to deepen their customer relationships, expand their addressable market, and position themselves well for future growth.”
TCS BaNCS Cloud for Banking helps banks cater to customer needs throughout their life journeys, based on anticipated requirements and over the device of their choice. It is fully compliant with all US Federal and State regulations governing consumer and commercial banking products. TCS BaNCS’ partner ecosystem has been carefully chosen to provide both leading capabilities and regulatory compliance.
TCS BaNCS Cloud is a plug-and-play, pay-as-you-go, one-stop SaaS offering that has been adopted by banks of varying sizes across the globe for its future-ready digital architecture, functionality, business agility and operational efficiency. Its proven application architecture ensures anytime, anywhere digital access, scalability, resilience, high performance, and compliance. Banks and financial institutions can leverage the solution’s features on multiple cloud platforms. TCS BaNCS Cloud handles over 100 million transactions per month for more than 200 customers, including retail banks, corporate treasury operations, private banks, and credit unions in the UK, the US, Switzerland and India.
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. The TCS BaNCS universal financial solution is designed to help financial services institutions enhance end customer experience, enabling them to embrace open and innovative technologies that embody true digital customer engagement. Deployed at more than 450 installations worldwide, it is the largest collection of components, enterprise and consumer apps for the financial industry made available through the cloud, helping firms become more agile and intelligent by leveraging the power of new and extended ecosystems. To know more about TCS BaNCS, please visit: www.tcs.com/bancs
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 over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Ex-change) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up-to-date on TCS global news, follow @TCS_News.
TCS Media Contacts
India
Email: arushie.sinha@tcs.com
Phone: +91 22 6778 9960
USA
Email: b.trounson@tcs.com
Phone: +1 646 313 4594
Jul 20, 2020 | Tech
As per report “Malware Analysis Market by Component (Solution (Static Analysis and Dynamic Analysis) and Services), Organization Size (SMEs and Large Enterprises), Deployment (Cloud and On-premises), Vertical, and Region – Global Forecast to 2024”, global malware analysis market size is projected to grow from USD 3.0 billion in 2019 to USD 11.7 billion by 2024, at a CAGR of 31.0% from 2019 to 2024. The major growth drivers for the market include the rising need for compliance and to get a centralized view on threats.
Browse
• 164 market data Tables
• 33 Figures
• 188 Pages
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/malware-analysis-market-108766513.html
Based on organization size, the large enterprise segment is estimated to lead the market in 2019.
Large enterprises are defined as business entities employing over 1,000 employees. Cyber-attacks are faced by large organizations, as well. Malware attackers are playing a long hand in large enterprises to steal large sums of money, and often, these attacks happen over a long period. In 2017, the NotPetya cyber-attack spread from Ukraine and severely affected the Danish company A.P. Møller-Mærsk, the world’s largest container shipping company, creating a loss of USD 200-300 million. NotPetya ransomware attack created damages which were estimated well over USD 10 billion.
As large enterprises are spread across many countries and several units, they require a central approach to analyze all the malware threats and to avoid any error that might occur through manual intervention. Malware analysis and detection solutions are the appropriate solutions that can orchestrate all the processes and solutions and offer a combined effort of man and machine to remediate the threats.
North America is expected to hold the largest market share during the forecast period.
North American has sustainable and well-established economies, which empower it to invest significantly in R&D activities, thereby contributing to the development of new technologies in the malware analysis market. The presence of the majority of key players is expected to be the major factor driving the growth of the market in this region. Key players such as Cisco Systems Inc., Palo Alto Networks, FireEye, Symantec, Fortinet, and Check Point, along with several start-ups in the region are offering malware analysis and detection solutions & services to cater the needs of customers.
Market Players
The major vendors covered in the malware analysis market include FireEye (US), Cisco Systems Inc. (US), Palo Alto Networks, Inc. (US), Sophos Group (US), Symantec Corporation(US), Kaspersky Lab (Russia), Fortinet (US), Check Point Software Technologies (US), Qualys (US), McAfee (US), Trend Micro (Japan), AT&T Inc. (US), Juniper Networks (US), Crowdstrike (US), VIPRE (J2 Global) (US), Lastline (US), Intezer (Israel), Proofpoint (US), VMRay (Germany), Fidelis Security (US), Cylance (Blackberry) (US), Malwarebytes (US), Joe Security (Switzerland), and Forcepoint (US).
Download PDF – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108766513
Jul 20, 2020 | Tech
As per report “AI in Fashion Market by Component (Solutions and Services), Application (Product Recommendation, Product Search & Discovery, and CRM), Deployment Mode, Category, (Apparel, Accessories, and Beauty & Cosmetics), End User, and Region – Global Forecast to 2024”, size is expected to grow from USD 228 million in 2019 to USD 1,260 million by 2024, at a Compound Annual Growth Rate (CAGR) of 40.8% during the forecast period. The key factors driving the AI in fashion market include customer’s demand for a personalized experience, increasing the need for inventory management and the growing influence of social media in the fashion industry.
Browse
119 market data Tables
48 Figures
175 Pages
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/ai-in-fashion-market-144448991.html
Product recommendation application segment to hold the largest market size during the forecast period
With the rising adoption of social media and increasing customer awareness, fashion retailers are trying to provide every best possible service to their customers to enhance trust and hold them for a longer time. Hence, product recommendation has become important to engage customers in an effective way With the growing online sales trends, fashion retailers have started deploying AI-powered recommendation systems in order to make personalized product recommendations based on shoppers buying history, style, taste, and preferences. Therefore, the growth of this application would continue to grow during the forecast period.
Fashion store end user to hold the largest market size during the forecast period
Fashion stores include online fashion stores and offline fashion stores that have started deploying AI technologies into their operations. The fashion store end-user segment is estimated to account for the largest size during the forecast period. Increasing deployment of cloud-based AI-powered solution by fashion retailers has enabled brands to gain a competitive advantage over other players.
North America to hold the largest market size during the forecast period
North America is expected to account for the largest market size in the AI in the fashion market by region during the forecast period. The region houses many key vendors, such as Google, Microsoft, IBM, and AWS. APAC is expected to grow at the highest CAGR during the forecast period with increasing awareness of inventory management and rising need for cost reduction. An increasing social media adoption among Asian countries has provided the platform for fashion retailers to promote their products through digital marketing technique and understand customer’s preferences. This is expected to drive the adoption of AI in the fashion market in the APAC region.
The AI in fashion market comprises major solution providers, such as Microsoft (US), IBM (US), Google (US), AWS (US), SAP (Germany), Facebook (US), Adobe (US), Oracle (US), Catchoom (Spain), Huawei (China), Vue.ai (US), Heuritech (France), Wide Eyes (Spain), FINDMINE (US), Intelistyle (England), Lily AI (US), Pttrns.ai (Netherlands), Syte (Israel), mode.ai (US), and Stitch Fix (US). The study includes the in-depth competitive analysis of the key players in the AI in the fashion market with their company profiles, recent developments, and key market strategies.
Download PDF – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144448991
