Business News
3 min read | Updated on May 09, 2024, 17:18 IST
SUMMARY
Chairman N Chandrasekaran predicts GenAI will revolutionize industries and create unforeseen possibilities, building upon existing investments in cloud, data, and processing power. TCS positions itself as a leader in adopting GenAI and other emerging technologies to deliver innovative solutions and address evolving client needs.
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TCS’ Chandra explains mega trends disrupting businesses and how IT cos can leverage them
TCS Chairman N Chandrasekaran has listed artificial intelligence, new energy, supply chain and talent as key factors that will disrupt businesses going forward.
AI and GenAI technologies are poised to revolutionize every sector and country, according to Chandrasekaran. “Enterprises have already invested in cloud infrastructure, data capabilities, and processing power, which will facilitate the adoption of AI and GenAI. These technologies are expected to enhance productivity and create unprecedented impacts that were previously unimaginable,” he said.
The TCS chairman explained how the so-called “mega trends” will disrupt businesses, and what IT services industry could use it to as leverage for growth:
In fiscal year 2024, TCS made significant advancements by aligning with these industry trends, the TCS chairman said.
“The establishment of the AI.Cloud unit consolidated expertise in AI and Cloud technologies, while each business group developed tailored AI and GenAI solutions. Over 300,000 employees underwent upskilling in GenAI, enhancing workforce capabilities. TCS integrated AI into its products, including TCS BaNCS™, and enhanced cybersecurity with predictive AI,” he added.
Addressing the global energy transition, TCS invested in green hydrogen and biofuels research, alongside developing digital platforms for emissions reduction, pioneering communication technology, TCS engineered 5G/6G stacks and established labs for future-ready infrastructure.
“With a commitment to talent development, over 600,000 employees benefited from upskilling, totaling 51 million learning hours. Collaboration with educational institutions ensures a robust talent supply for continued growth and innovation,” Chandrasekaran said.
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