TCS announces DataPlus update for intuitive user experience

  • Mumbai headquartered Information Technology services, consulting and business solutions company Tata Consultancy Services has launched the updated version of its data management software, TCS MasterCraft DataPlus.
  • The new update uses machine learning based sensitive data discovery and learns to identify probable sensitive and personally identifiable data attributes, enabling privacy-safe data provisioning.
  • TCS MasterCraft is the company’s suite of intelligent automation products to optimise IT service delivery.

TCS inks 10-year deal with Transport for London

  • IT services major Tata Consultancy Services on Thursday said it has been selected by Transport for London to design, implement and operate a new smart mobility system.
  • Over the course of the 10-year contract, which has the opportunity for a five-year extension, TCS will digitally transform taxi and private hire licensing and administration, as well as implement continuous improvements and innovation, a statement said.
  • TCS will design and launch the new system using its DigiGOV framework for rapid digital transformation, it added.

TCS likely to call employees back to office by 2021-end

  • TCS CEO Rajesh Gopinathan told the newspaper that the company plans to call 70-80% of its workforce to work from office by end of the current calendar year or early next year based on how the impending third wave of the pandemic turns out.
  • Speaking on acquisition plans, India’s second-largest company by market capitalisation of nearly $195 billion has no plan to leverage the same in order to make large acquisitions as it is wary of current valuations.
  • Gopinathan said his company is cash conservative with respect to current market conditions despite high market cap.

TCS to acquire Postbank Systems from Deutsche Bank Consultancy Services (TCS) will be acquiring 100% of the shares of Postbank Systems, the IT unit of Deutsche Bank by the end of the year and all the 1,500 Postbank employees will be a part of TCS.

This move can be seen as a part of Deutsche Bank CEO Christian Sewing’s ambitious job-cutting target in which he plans to cut 18,000 jobs.