TCS ‘training’ gaze on future ready technologies: Officials

Ravi Viswanathan, Chief Marketing Officer, TCS, said, “In Q1, our Constant Currency Revenue growth rate was at +9.3% YoY while our Digital revenue growth was at 25%, up 44.8% Y-o-Y. This is the foundation on which we could grow at this pace. The star vertical was Banking, Financial Services and Insurance (BFSI), which grew over 4.1% YoY and +3.7% QoQ. The vertical contributes to around 40% of TCS’s total revenue.” 

Regarding future-ready digital technologies such as blockchain, AI, IoT and more, Viswanathan said, “Every business is looking at digital as a springboard. Last year, we unveiled our Thought Leadership Framework 4.0 which leverages digital technology to help our customers. The opportunities in this space are wide and involves multi-stakeholders.” 

The company is optimistic about the BFSI segment, and the new technologies that will prove to be a game changer of sorts in the sec-tor. K Krithivasan, Head, Banking, Financial Services, and Insurance Business Group, says, “In the recent years we found that BFSI technology sector was not growing as fast as before, because we found banks globally focused more on compliance and regulatory pressures. And, a lot of effort was going towards cost optimisation. And, some banks were also focused on work force/place transformation which was taking the attention away from growth.” 

He adds, “The BFSI sector has now moved from a compliance centric to a growth centric mindset and is investing back in business and technology. Banks that are focusing on leveraging technology for growth and transformation are engaging with us because of our investment in cloud and other technologies. TCS invested in Business 4.0, which helps customers to leverage new technologies like cloud, analytics, automation, AI, IoT and blockchain among others.” The company’s areas of spend include - next generation customer experience, cloud adoption, analytics & insights, AI/ML and data programmes. On the job front, the company has over 4 lakh employees globally, out of which over 2.7 lakh employees who are digitally trained. 

Chennai happens to be the leading branch across all verticals and makes up for 20 per cent of the workforce and 20 per cent of the revenues. Suresh Raman, VP & Head, Chennai Operations tells us, “Across India, women make up 35.6 per cent of the company’s workforce, while in Chennai, women comprise 42.5 per cent of the workforce.”