The Chairman of TCS, Mr. N. Chandrasekaran said that the company is investing significantly in AI capabilities

Tata Consultancy Services (TCS), an IT services provider, is heavily investing in artificial intelligence (AI) capabilities, including AI-powered products and platforms, says Mr. N. Chandrasekaran, Chairman, TCS. The company has used partnerships in recent years to create and manage an entirely in-house software-defined 4G/5G network stack. Industry-wide digital transformation potential will be made possible by 5G technology, IoT, edge computing, and AI. He further mentioned that the company will also invest in research areas important for the future, in collaboration with global academic partners and the start-up ecosystem.

Mr. N. Chandrasekaran stated that the company work with large entrepreneurs on transformation initiatives to build a digital foundation for the future, enable strategic leverage of data and artificial intelligence (AI) and reimage the customer and employee experiences. He further mentioned that there has been a rapid evolution of digital technologies bringing about a transformation across every industry.

The impact of AI and machine learning is going to be profound says Mr. N. Chandrasekaran. Most businesses are still trying to adopt predictive AI and are on their way to capturing large volumes of data and harnessing the power of the cloud and the Internet of Things (IoT). energy, supply chain and AI transitions are going to require companies to reskill/upskill the existing talent base, hire and integrate new talent and invest in research.  The technological strength of the company will help to respond to global demand and scale up the talent base.

The company reported its fiscal fourth-quarter net profit at US$ 1.38 billion (Rs. 11,392 crore) which is 5% up from the previous quarter.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.