TCS establishes third global co-innovation hub for digital transformation projects

Tata Consultancy Services (TCS) on Friday launched a co-innovation and advanced research center in Amsterdam to address the European enterprise digital transformation market.

Dubbed TCS Pace Port Amsterdam, the center aims to bring together an ecosystem of partners from academia, government institutions, startups and technology providers to co-innovate with customers. The center will also provide rapid prototyping capabilities, the Mumbai headquartered information technology (IT) services company said in a statement.

This is the third co-innovation center launched by the company after New York and Tokyo.  

The TCS Pace Innovation Architecture provides a structured framework for companies to ideate better, work on creative solutions faster, and focus their efforts on real, purpose-driven business needs, the company said. 

“TCS believes that collaborative innovation, harnessing the collective knowledge of an ecosystem of partners can help companies realize their purpose and build a greater future,” Sapthagiri Chapalapalli, Head, TCS Europe, said. “Our new Pace Port at Amsterdam will serve as a European innovation hub that helps our clients build long-term sustainability, which is a core driver of purposeful business,” he added. 

Digital transformation contracts have been the driving force for IT services companies, including TCS, through the pandemic. Enterprises across sectors have, over the past 18-odd months, accelerated their digtisation spends in a bid to build efficiencies into their businesses.  

The first six months of 2021 have seen TCS sign several such digital transformation contracts with overseas enterprise clients. In April, Telcommunications giant Ericsson signed on TCS to set up and operate its cloud-based digital workspace for research and development (R&D). In March, the company  renewed its partnership with UK’s Nationwide Building Society to offer enterprise agility and operational resilience to the financial institution. Earlier in the month it said that Societe Generale Securities Services’ had deployed TCS BaNCS for its multi-entity asset servicing platform in Germany, UK, France, Ireland and Luxembourg.