Tata Consultancy Services has signed a multi-year deal to help Air France-KLM, a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance, become the most data-centric airline group in the world. Over the next three years, TCS will modernize the airline group`s data by moving it to cloud, promoting the next generation of data-driven aviation. This shift will help Air France-KLM exit data centers and harness the strength of the cloud, supporting a sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations, drive decisions, improve functionality, and gain efficiency. TCS has partnered with Air France-KLM for 30 years to enhance reliability, social media, customer service, and e-commerce. Their digital innovations, including a suite of award-winning mobile apps and features like digital queuing in airport lounges and boarding pass collection via social media, have improved passenger control and comfort. Building on this longstanding partnership, TCS will now assist Air France-KLM in migrating its critical systems and core business data to the cloud, encompassing key areas such as flight operations, passenger information, aircraft maintenance, the airlines e-commerce platforms and much more. This migration will enhance operational efficiency across all business lines, ensuring seamless and secure data management as well as modernize the technology landscape enabling new possibilities. Data can help airlines improve their efficiency, streamline their operations and foster innovation, leading to faster and more personalized flying experience for customers. However, data often resides in a multitude of disparate and unstructured systems. Today, extracting actionable insights and value from enterprise and ecosystem data is a key challenge for many enterprises. The challenge is compounded for the large and complex organization of Air France-KLM which operates multiple airline brands with a fleet of 551 aircrafts flying across 320 destinations in 100 countries. Powered by Capital Market - Live News

Tata Consultancy Services, a leading global company in IT services, consultancy and business solutions, has signed a 10-year strategic partnership with Insper, one of Brazil�s leading higher education and research institutions. This collaboration aims to advance industry innovation for TCS customers in South America by leveraging technologies like AI, GenAI, IoT, and spatial computing. The collaboration between TCS and Insper will include academic research work, development of technology prototypes, and organization of seminars, hackathons and technology talks using the TCS PaceTM methodology for innovation at scale. TCS will offer its customers across the region exclusive access to its cutting-edge research and innovation capabilities, combined with Insper�s academic expertise, ecosystem, labs, and expert resources.Powered by Capital Market - Live News

Tata Consultancy Services, a global leader in IT services, consulting and business solutions, has secured a 15-year contract with Ireland�s Department of Social Protection (DSP) to implement and support the country�s new Auto Enrolment Retirement Savings Scheme, known as the �My Future Fund.� This initiative will provide a comprehensive, end-to-end digital solution for automatic enrolment of nearly 800,000 workers in Ireland.Powered by Capital Market - Live News

Tata Consultancy Services has expanded its collaboration with NVIDIA to launch industry-specific solutions and offerings that will help customers adopt artificial intelligence (AI) faster and at scale. These solutions and offerings will be delivered through TCS` new business unit focused on NVIDIA, under its AI.Cloud business unit. TCS` new business unit builds on a collaboration with NVIDIA for over five years, brings together the complementary capabilities of both organizations and offers tailored offerings for various industries.Enterprises worldwide are racing to adopt AI but there is no consensus on an AI adoption strategy, according to the recent TCS AI for Business Study. The AI adoption journey for every enterprise is unique and involves an interplay of AI and existing enterprise capabilities. AI adoption at scale requires an intimate understanding of the enterprise and its practices and building AI models that are customized for the context. The new unit will design and deliver curated AI adoption strategies by leveraging global centres of excellence (CoEs), investments in the NVIDIA AI platform - including accelerated computing and AI software, and the NVIDIA AI Enterprise and NVIDIA Omniverse platforms - and skilled resourcesThe new unit also offers TCS` proprietary framework, which brings together its deep domain expertise, enterprise contextual knowledge and NVIDIA AI technology for building and deploying agentic AI solutions - including NVIDIA NIM microservices and NVIDIA NIM Agent Blueprints, which are part of the NVIDIA AI Enterprise software platform and NVIDIA AI Foundry � to deliver value at scale to customers. TCS and NVIDIA have collaborated to build innovative, value chain-centric solutions and offerings for industry verticals on the NVIDIA AI platform. They include: 1. TCS Manufacturing AI for Industrials: This offering leverages the power of AI and large language models (LLMs) to transform raw data into actionable insights for manufacturing enterprises. While general purpose LLMs lack the capabilities to understand specific industry nuances, TCS` Manufacturing AI for Industrials LLMs leverage the company`s contextual knowledge, technical prowess and the power of NVIDIA`s application frameworks to help accurately address industry challenges. 2. TCS AI Spectrum for BFSI: This offering delivers innovative and secure ways of infusing the power of LLMs and AI into BFSI lines at enterprise scale. Built on the NVIDIA AI Enterprise platform, it enables faster decision-making, improved regulatory compliance and enhanced risk management for financial institutions. 3. TCS Cognitive Visual Receiving: This is a holistic composite AI offering built on NVIDIA AI Enterprise and Omniverse that revolutionizes retail warehousing with greater accuracy, efficiency and speed by automating quality check, product identification, measurement and attribute extraction. 4. TCS AI-Native Telco Offerings: These offerings built on NVIDIA AI and NVIDIA Aerial Omniverse Digital Twin enables telcos to rapidly create custom telco domain-specific models to meet business needs such as autonomous network anomaly management, billing & revenue assurance, 3D network visualization and customer experience. 5. TCS AI-based Autonomous Vehicle Platform: TCS` IoT and Digital Engineering unit is working with NVIDIA to leverage generative AI and deep learning technologies, such as Omniverse for simulation and NVIDIA AI Enterprise for synthetic data generation, to accelerate the development of end-to-end autonomous features and capabilities for automotive OEMs and tier 1 suppliers.The collaboration with NVIDIA is part of TCS` broader efforts to strengthen its AI-readiness and build end-to-end capabilities powered by NVIDIA technology to foster enterprise-wide AI transformation for its key customers. Powered by Capital Market - Live News

Net profit of Tata Consultancy Services rose 5.00% to Rs 11909.00 crore in the quarter ended September 2024 as against Rs 11342.00 crore during the previous quarter ended September 2023. Sales rose 7.65% to Rs 64259.00 crore in the quarter ended September 2024 as against Rs 59692.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales64259.0059692.00 8 OPM %26.0426.38 - PBDT17298.0016593.00 4 PBT16032.0015330.00 5 NP11909.0011342.00 5 Powered by Capital Market - Live News