TCS' consulting-led approach leverages emerging capabilities
Leading global IT services and consulting business, Tata Consultancy Services (TCS) has unveiled a new consulting-led framework designed to support executive leaders in realising perpetual value from their transformation initiatives and driving business growth.
The consulting firm, which has been partnering with some of the world’s largest businesses in their transformation journeys for the last 50 years, has witnessed increased demand from customers wanting to leverage emerging capabilities such as automation and advanced analytics to accelerate innovation, quickly adapt business strategies and models, and escalate time to value.
And as a result, has launched a holistic and measurable approach to helping companies achieve this.
According to Akhilesh Tiwari, Global Head of Enterprise Application Services at TCS, a successful digital transformation should be one that “frees employees and business leaders to focus on continual innovation and growth” and that’s where TCS Enterprise Navigator comes in.
TCS Enterprise Navigator
Based on the firm’s comprehensive suite of consulting and technology solutions and industry-recognised delivery excellence, TCS Enterprise Navigator offers business leaders a clear vision, business case and roadmap to help them modernise their processes with industry-leading practices on future-ready ERP backbone built on enterprise applications such as SAP S/4HANA, Oracle Cloud and others.
Designed to “help our customers fulfil their transformation vision and accelerate the value realisation”, says David Jordan, Global Head, Consulting & Services Integration at TCS, Enterprise Navigator helps companies with everything from design thinking to strategic value mapping, and from change management through to delivery excellence.
Additionally, the framework addresses the critical factor of user adoption. By engaging, exciting and enabling employees, suppliers, partners and customers with new capabilities including automation, AI and advanced analytics, their experience will lead to enhanced productivity, seamless interactions and stronger relationships that drive superior business outcomes.
And the framework is comprehensive, encompassing multiple dimensions, including functions such as finance, supply chain, HR and marketing, as well as delivering variations dependent upon the industry.
“By front-ending their journey with a full understanding of business challenges and opportunities, enterprises are better equipped to enhance their differentiations and address market opportunities and disruptions head on,” adds Jordan.
5 elements of a business-led digital transformation
According to TCS, for purpose-led growth, it is critical not just to align technology with investment goals but also chart out a strategic roadmap to continuous transformation. This process needs to be focused on business value and not just on adoption of new technologies.
A design thinking approach, proven value mapping with industry benchmarks, business change enablement for accelerated time-to-market, and next-gen operations for enterprise intelligence are the essential building blocks for a business-led approach.
For sustainable digital transformation, these requirements should translate into five essential actions:
- Design agile-ready business strategy
- Map value opportunities to realisation
- Digitally empower the human experience
- Build the digital core for industry and business
- Create a future-ready business
Rainmaking + ESG Launch Supply Chain Resilience Accelerator
Rainmaking, one of the world’s leading corporate innovation and venture development firms that create, accelerate and scale new business, has partnered with Enterprise Singapore (ESG), a government agency that champions enterprise development, to launch Singapore’s first ‘Supply Chain Resilience Accelerator’.
The new programme will unite startups and enterprises to boost scalable technology solutions that help fuel supply chain resilience by addressing pain points in transport and logistics.
Over the last 13 years, Rainmaking has launched 30 ventures totalling US$2bn, including Startupbootcamp. Having invested in over 900 startups that have raised more than US$1bn, Startupbootcamp is one of the world’s most active global investors and accelerators.
The new programme looks to help build more resilient supply chains for Singapore’s burgeoning network of startups by leveraging its advantageous position as a global trade and connectivity hub. As part of the Supply Chain Resilience Accelerator programme, no less than 20 startups with high-growth potential will have the opportunity to become a part of Singapore’s vibrant ecosystem of startups.
Calling Supply Chain Solution Startups!
The programme will kick off with an open call for startups who specialise in supply chain solutions for end-to-end visibility, analytics, automation and sustainability.
Applicants will then be shortlisted and receive nurturing from Rainmaking, fostering valuable engagements with corporates to drive scalable pilots with the aim to stimulate investment opportunities.
“Covid-19 exposed the fragility of global trade, and the Supply Chain Resilience Accelerator is our opportunity to spot weak links and build back better. Piloting outside tech can be an incredibly efficient way to test viable solutions to big problems, provided you de-risk and design for scale. Our programme does precisely this by helping corporate decision-makers and startups to work on compelling business opportunities, anticipate operational risks, and ultimately co-create solutions fit for wider industry adoption,” said Angela Noronha, Director for Open Innovation at Rainmaking.
Pilots will run from Singapore, with the objective that relevant organisations may adopt successful solutions globally. To that end, Rainmaking is currently engaging with enterprises specialising in varying industry verticals and have expressed interest in partnering.
“Even as we continue to work with startups and corporations all over the globe, we are so pleased to be anchoring this program out of Singapore. With a perfect storm of tech talent, corporate innovators, and robust institutional support, it’s the ideal launchpad for testing new solutions that have the potential to change entire industries. We look forward to driving the transformation with the ecosystem,” added Angela Noronha.
One of the first selected corporate partners is Cargill, a leader in innovating and decarbonising food supply chains.
"Cargill is constantly exploring ways to improve the way we work and service our customers. Sustainability, smart manufacturing and supply chain optimisation are key areas of focus for us; exploring these from Singapore, where so many key players are already innovating, will help us form valuable partnerships from day one. We look forward to joining Rainmaking and ESG on this journey to work with, support, and grow the startup community by keeping them connected to industry needs,” said Dirk Robers, Cargill Digital Labs.
In order to raise awareness on the importance of building resilience and how technology can be leveraged to mitigate risks of disruption, industry outreach efforts will include fireside chats, discussions and demo days.
In July, Rainmaking will host a virtual insight sharing event for innovation partners as well as a ‘Deal Friday’ session that connects businesses, investors, and selected startups with investment and partnership opportunities.
Programme events will also benefit Institutes of Higher Learning by offering exposure to how advanced practitioners leverage new technologies to transform traditional supply chain management and share real-world case studies and lessons learned, better equipping next-gen supply chain leaders.
“As an advocate of market-oriented open innovation, we welcome programmes like the Supply Chain Resilience Accelerator, which aims to help companies resolve operational pain points, strengthen supply chain resilience and spur growth in a post-pandemic world. With a strong track record in driving open innovation initiatives for the transport and supply chain industry, we believe that Rainmaking’s in-depth knowledge of the ecosystem and network of global partners can complement Singapore’s efforts in accelerating our business community’s adoption of tech-enabled tools, to better manage future disruptions and capture opportunities arising from shifts in global supply chains. This will in turn help to strengthen our local ecosystem and Singapore’s status as a global hub for trade and connectivity,” said Law Chung Ming, Executive Director for Transport and Logistics, Enterprise Singapore.