Tata Consultancy Services has been recognized as a Leader and Star Performer according to the report “Life Sciences – IT Application Services Providers PEAK Matrix Assessment, 2017” conducted by an advisory and research firm, Everest Group.
The report stresses the TCS’ strong focus on development of next-generation solutions, incorporating Artificial Intelligence, IoT and platform-driven approaches for areas such as drug development and patient engagement.
The PEAK Matrix is a composite framework that provides an objective, data driven and comparative assessment of Life Science IT Apps Service Providers, which are then divided into three categories based on market success and delivery capability.
“Life Sciences firms are grappling with the reinvention of their business models, along with the need to unlock efficiency out of globally diversified operations. Technology is a key enabler to ensure this transition and TCS continues to be a partner of choice for leading Life Sciences firms, based on its delivery excellence and ongoing market success,” said Jimit Arora, Partner, Everest Group.
“By taking a platform-driven approach to strategic value chain tenets, TCS is seeking to future-proof its portfolio and driving differentiation in a highly competitive market”, he added.
Debashis Ghosh, President, Life Sciences, Manufacturing and Energy Business Group, TCS, said: “Life Sciences customers are embracing newer technologies and next gen platforms to meet the challenges of higher R&D costs, declining revenue and increasingly complex regulations.”
“Our deep industry expertise, global scale, investments in digital solutions and focus on platforms enables us to offer true value to our customers across the Life Sciences value chain”, he further stated.