TCS sets the bar: Merges AI and cloud businesses to form Ai.Cloud
livemint.comMint had reported that Accenture, which earns twice as much as TCS in annual revenues, had taken a swipe at TCS’s digital offerings under Business 4.0, via its digital solutions platform, Accenture X.O. “Stop playing catch-up and start applying digital at the core of your business to reinvent for a new era of industry. Go beyond Industry 4.0: If you think Industry 4.0 is the epitome of industrial digitization—think again.
The fact is the very notion of the industry itself is evolving," according to a post on the official website of Dublin-headquartered Accenture XO. “TCS clearly wants to ensure it provides Global 2000 enterprises with a serious alternative to Accenture in cloud, AI data and strategy areas, and not just large, low-cost outsourcing," said Phil Fersht, CEO of US-based HfS Research, an outsourcing research firm, in an emailed response to Mint’s queries. “With the oncoming AI wave, Krithivasan and his team clearly want to move faster to lead with Accenture, and not fall into the category of being “another low-cost Indian follower" like previous technological innovation waves, he added.
The Mumbai-based IT company’s move to combine its AI and cloud offerings might pave the way for other Indian IT companies to emulate the TCS model. “AI and cloud depend on each other to be effective, and I expect most providers to follow suit," added Fersht. Indian IT majors lack a unified AI and cloud offering.
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