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From AI to drones: TCS has its foot on the innovation pedal

TCS made strides in innovation through its fiscal year that ended March 31, 2018


g_107019_bg_tcs_280x210.jpgImage: Shutterstock 
 
A drone graces the cover of the annual report for the year that ended March 31, 2018, of India’s biggest software services company, Tata Consultancy Services. That is no random choice or accident. The company’s drone program "created interest across business units and several projects are in progress," the company said in the report.

Elsewhere, research and innovation teams at the Mumbai-based company, the most valuable business of the salt-to-steel Indian conglomerate, have made strides in areas including artificial intelligence (AI), automation, cloud computing and blockchain.

For instance, a physical sciences research team was effective in building a "digital twin" for thermal plants, according to the report. The research team used existing data from real plants and created software models and simulation technologies that helped customers reduce the risk in operating the plants and contributed to savings.

In the retail vertical, TCS built a dynamic pricing model, taking into account millions of stock keeping units, demand patterns and competitive pricing by ecommerce channels, the company reported. In finance, the company has built and integrated a blockchain solution with its own core-banking software platform, TCS BaNCS.

The company has also launched editions of some of its software tools that are compliant with the General Data Protection Regulations (GDPR) that came into force in Europe in May. On the research collaborations front, the company has a large number of partnerships with top universities and schools around the world, including the Indian Institute of Science and the Indian Institutes of Technology. Among the areas TCS is collaborating on research are genomics, materials, digital manufacturing, data analytics, cyber security, smart cities, intelligent infrastructure and digital health.