With social and digital gaining growing importance in the enterprise community, IT companies in the country are aggressively tapping this business need. According to latest reports, the country’s largest IT services firm, TCS, has set up a new business unit focused on industry-tailored digital solutions to help customers make the transition of adopting emerging technologies.
The new business unit – ‘The Digital Software and Solutions Group’ initially would offer services to industries like retail, communications and banking and financial services.
Talking more on the development N Chandrasekaran, CEO & MD of TCS said, “The Digital Software & Solutions Group is a serious commitment to TCS’ strategic customer partnerships through fully integrated and scalable solutions that meet their business needs and challenges, while reducing the total cost of ownership.”
The latest development comes on the heels of Chandrasekaran’s month old statement that digital services would become a “few billion dollar business over the next few years for the company since it has more clients and has been winning larger deals in the space.”
Prior to this in the beginning of Q4 2013, the company was in the news for setting up a digital enterprise unit in Silicon Valley to club its social, mobility, analytics and cloud (SMAC) computing technology services under a single roof. According to analysts, the move could help TCS to become the first Indian company to exceed $100 billion in market capitalization.
While TCS has been slightly ahead in investing in services like SMAC, other IT firms – Wipro, Infosys, HCL and Cognizant are not out of the race. It is believed that Cognizant will build a mindshare within key verticals such as financial services and retail, and compete for deals with rivals such as TCS. Infosys, Wipro and HCL have invested on social and big data.
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