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.
This story is from the May 25, 2018 edition of Forbes India.
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This story is from the May 25, 2018 edition of Forbes India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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