To maintain its share in the economy, the sector will have to reinvent its revenue model and technological capabilities.
LAST NOVEMBER, TATA Consultancy Services (TCS), the $19-billion IT company that is larger than its next two Indian rivals combined, announced an expansion of its seven-year-old relationship with Rolls-Royce: The British jet engine-maker was taking a larger bet on its Indian IT supplier, giving TCS not only much more work, but also much higher-value work. “This would include innovation and collaboration,” TCS CEO Rajesh Gopinathan said at a November press conference in Bengaluru.
The aim was, he added, “to build a collaborative, open platform based ecosystem where Rolls-Royce significantly amplifies the value it delivers to its customers”. Rolls-Royce, following its ‘digital first’ strategy, would be using a TCS platform called ‘Connected Universe’, which had been four years in the making at the Mumbai-headquartered company’s innovation labs. The platform, as TCS describes it, is an orchestra of multiple technologies that work in tandem to help businesses easily develop, deploy, and administer Internet-of-Things software applications such as web apps, real-time analytics, and batch analytics.
This stronger association was an exercise in tapping “the most extraordinary ecosystem”, said Ben Story, Rolls-Royce’s strategy and marketing director. “We work with TCS today on perfecting the digital twin.” TCS would help build virtual models—digital twins—of Rolls-Royce products, which could then be used for everything, from predicting problems with products under development, to preventive fixes and overhauls of mature products, such as aircraft turbines.
Esta historia es de la edición May 25, 2018 de Forbes India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 25, 2018 de Forbes India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet