The country’s largest software export company Tata Consultancy Services (TCS) has decided to create a new AI and services transformation unit by adding all the existing teams and capabilities associated with Artificial Intelligence (AI). The company gave this information to the internal memo sent to employees on 26 August.
Amit Kapoor gets responsibility
Amit Kapoor will lead this new unit at the global level. He will take over as Chief AI and Services Transformation Officer from September 1. He should report directly to Aarthi Subramanian, who is the Executive Director – President and Chief Operating Officer in TCS.
Amit Kapoor is currently leading TCS’s UK and Ireland business, which is the second largest area in the company. He has been associated with TCS for the last 26 years and has fulfilled leadership responsibility in different geographical areas.
AI unit purpose and work
Aarti Subramaniam said in the internal note that this unit will unite the existing AI teams and abilities. It will work closely with other horizontal service units and industry business groups to increase the influence of the company in the field of AI.
He also informed that the current AI and data unit will become part of this new organization. Along with this, TCS will renew the investments made in its pace ports, so that the real experiences and possibilities of AI can be brought closer to the customers.
New business unit strategy
Under the new business unit, TCS is planning to renew its service proposals and deepen the AI domain solutions. The company will also prepare new partnership ecosystem.
Also, innovation will be focused on innovation in delivery of AI-Driven Integrated Technology Services in Operation, Engineering and Modernization. Its purpose is to give better and more effective solutions to customers.
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Sorting announcement last month
The IT services giants are changing their business strategy, adapting the IT industry according to the changes after AI Boom. Last month, TCS CEO and MD’s Kritivasan said that the company will pruning 2 percent of its employees i.e. about 12,200 people in the next one year.
Its purpose is to make the company more agile and ready for the future amidst sharp changes and technical changes. This step will mainly affect the employees of mid and senior levels.
What is the condition of TCS shares?
Tata Consultancy Services (TCS) shares closed at ₹ 3,157 with a slight gain of 0.5 percent on NSE on Tuesday. However, so far this year, the company’s shares have fallen by more than 23%. At the same time, talking about the last 1 year, the stock has come down 29.88%. The market cap of TCS is Rs 11.42 lakh crore.
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