NEW YORK and Mumbai, India, February 14, 2018 / PRNewswire / – Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, today announced the launch of its Enterprise Data Lake (EDL) for advanced analytics on Amazon Web Services (AWS). TCS’s new offering will enable companies in the banking and financial services industry to reimagine, transform and optimize business processes faster by leveraging fast data and data-driven intelligence.
Data-driven digital disruption is shifting paradigms in the banking and financial services industry, forcing organizations to see themselves as customer-centric rather than product-centric entities. Rapid technological advances allow banking and financial institutions to access large volumes of data from multiple touchpoints in the value chain. Data can help banks deliver a superior customer experience, but without the ability to gather, structure and analyze data, it remains largely unusable.
TCS Global Business Solutions Labs Cincinnati The facility leveraged AWS big data services (Lambda, Kinesis Streams, Kinesis Firehose, S3 Dynamo DB, and Redshift) to incubate and design a reference architecture framework and solution. TCS’s EDL for Advanced Analytics solution on AWS provides a single persistent data store to house all data (structured, semi-structured, and unstructured) in its native format, and it is accessible through processing, analytics and regulation of the organization. The solution quickly identifies historical patterns and trends among customer segments by leveraging AWS Machine Learning based on behavior, preferences, needs, and feelings. He is then able to deliver relevant propositions, real-time contextual communications and a cohesive experience to improve business processes and customer-centric service models.
“TCS’s technical expertise and the globally accessible EDL framework and solution architecture delivered through secure, robust and scalable AWS enable our customers to benefit from accelerated enterprise-wide transformation.” and improved business agility, âsaid Raman venkatraman, Vice President and Global Head of Alliances and Technology at TCS.
TCS EDL also stands out for its flexibility. The solution deploys on the AWS Cloud using AWS Native Services, open source products, and interoperable software in the AWS Marketplace.
âAmazon Web Services is thrilled with TCS ‘commitment to helping customers discover data-driven insights for intelligent actions through this Enterprise Data Lake solution. The AWS platform provides the flexibility to this solution to help leverage core AWS cloud technologies, âsaid Christophe A. Niederman, CEO, Global Strategic Alliances, Amazon Web Services (AWS).
The EDL solution, although developed for banking and financial institutions to help them reduce the cost of data management and operational infrastructure, and improve agility, scalability and in-memory computing for improved performance, can also be applied to other industries.
Seeing the value offered by TCS’s EDL for advanced analytics on AWS, customers have already partnered with TCS to optimize costs, operational efficiency, agility, scalability, security and regulatory compliance. Existing customers include:
- An American investment management firm used TCS’s EDL framework to create a AWS EDL for their Analytics and Insights needs.
- A leading U.S. financial services provider leveraging TCS’s EDL to create rich, intuitive, interactive, role-based analysis in real time to personalize the customer experience.
About TCS Business Solutions Unit (BSU):
TCS’s strong partnerships with technology providers, Global Business Solutions Labs, specialized knowledge of emerging technologies, deep domain expertise and global teams, allow us to help clients solve business problems or develop new business models through proof of concept, proof of technology and validation of the solution architecture. We drive business innovation for our clients by leveraging technologies in cloud, cybersecurity, business analytics, big data, blockchain, APIfication, connected networks, artificial intelligence, integration services, business visualization and simulation tools. Our industry-specific business solutions that leverage cutting-edge and disruptive technologies on an interoperable platform supported by a workforce with cross-technology skills help customers drive digital reimagining and simplification.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions provider that has partnered with the world’s largest companies on their transformation journeys for the past fifty years. TCS offers an integrated portfolio of consulting-driven, cognition-driven, business, technology and engineering services and solutions. This is ensured through its unique, location-independent Agile delivery model, a benchmark of excellence in software development.
Part of the Tata group, india The largest multinational commercial group, TCS has more than 390,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $ 17.6 billion for the year ended March 31, 2017 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’s proactive stance on climate change and award-winning work with communities around the world has earned it a place in major sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
SOURCE Tata Consulting Services