NEW YORK and MUMBAI, India, Nov. 21, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a Leader in the IDC MarketScape, "Worldwide Life Science Manufacturing and Supply Chain Digital Transformation 2016 Vendor Assessment," (Doc # US40510516, September 2016) report.
TCS was cited for its extensive industry experience in the Life Sciences industry, catering to a large number of customers in the pharmaceutical, biotech and medical devices sectors. Currently, more than 95 percent of TCS' Life Sciences customers are large companies with revenue exceeding $1 billion USD. The report also highlights TCS' account management capabilities, extensive employee strength and domain expertise in the Life Sciences industry as key attributes. The IDC MarketScape assessed the capabilities and market successes of 11 leading IT Service providers that serve the Life Sciences sector in manufacturing and supply chain management. They were evaluated against their manufacturing and supply chain operating models, leadership, work sources and collaboration, supply chain optimization, innovation in collection, and aggregation and analysis of digital information, among others. "Digital transformation is underway in life sciences manufacturing and supply chain IT platforms, bringing cohesion by connecting multiple manufacturing locations and distribution networks via technologies such as cloud and IoT. Supply chain complexity is also increasing due to regulatory requirements and other industry distribution challenges. Leading vendors in this space, including TCS, are leveraging their life science industry expertise, global delivery networks, and technological innovation to create great business value for their life science clients," said Mike Townsend, Research Manager for Life Science Business Systems Strategy at IDC Health Insights. "The Life Sciences industry needs robust and secure manufacturing and supply chain collaboration models that provide an integrated platform to serve the needs of far-flung partners on a real time basis," said Debashis Ghosh, President - Life Sciences, Manufacturing, Energy and Resources, TCS. "This recognition by the IDC MarketScape reflects TCS' commitment to transform the manufacturing and supply chain processes of our clients through continuous investment in cutting edge technologies, domain expertise and industry experience to deliver notable business value." Supply chain complexity and regulatory requirements have increased tremendously for the Life Sciences industry. Significant strides have been made by TCS to transform business processes and enhance digital competencies, including cloud computing, mobility, big data, and analytics for customers. Further TCS has enabled nimble manufacturing and supply chain processes, while improving quality, visibility and time to market.