Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has announced the opening of its new Pace Port™, a dedicated innovation hub in the heart of London that aims to drive and accelerate innovation-led growth in the United Kingdom while helping businesses bring innovation to life.
TCS Pace Port™ London is a 9,000 sq ft innovation hub that opened in early 2024 in Bishopsgate, London. The innovation hub is intended to promote business and technology collaboration with clients, academics, and startups. The hub aims to drive research and cutting-edge technology for economic growth.
Pace Ports are intended for co-innovation with clients and the larger ecosystem. They offer solutions designed with emerging technologies such as: Artificial intelligence (AI), Machine learning (ML), Internet of things (IoT), and Advanced analytics.
Leveraging TCS's extensive expertise in technology-based business transformation, the London innovation hub will serve as a catalyst for the adoption of innovation-led solutions. This will include emerging technologies that will empower businesses in the UK to navigate a volatile marketplace, address evolving business needs, and drive growth. The Pace Port will focus on innovation across a cross-section of industries, government priorities and critical national infrastructure while creating an ecosystem of experiences.
TCS Pace Port™ London is a 9,000 sq ft innovation hub that opened in early 2024 in Bishopsgate, London. The innovation hub is intended to promote business and technology collaboration with clients, academics, and startups. The hub aims to drive research and cutting-edge technology for economic growth.
Pace Ports are intended for co-innovation with clients and the larger ecosystem. They offer solutions designed with emerging technologies such as: Artificial intelligence (AI), Machine learning (ML), Internet of things (IoT), and Advanced analytics.
Leveraging TCS's extensive expertise in technology-based business transformation, the London innovation hub will serve as a catalyst for the adoption of innovation-led solutions. This will include emerging technologies that will empower businesses in the UK to navigate a volatile marketplace, address evolving business needs, and drive growth. The Pace Port will focus on innovation across a cross-section of industries, government priorities and critical national infrastructure while creating an ecosystem of experiences.
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London is the sixth Pace Port to open in TCS’ global Pace network as the Company also has Pace Ports in Amsterdam and Tokyo. Amsterdam's Pace Port accelerates digital transformation and helps organizations focus on their business needs. Tokyo's Pace Port provides consulting, design, and implementation of digital services for organizations inside and outside Japan.
Amit Kapur, Head of UK & Ireland at TCS commented: “UK businesses are committed to investing in technology and digital solutions to transform their business and operating models. Bringing our global network of Pace Ports to London will provide an environment that fosters collaboration, drives innovation, and helps businesses in the UK harness cutting-edge technology, collaborate and grow across industry borders into ecosystem models. Establishing the TCS Pace Port London in the heart of the city reflects TCS’s unwavering commitment to fueling innovation, catalyzing and contributing to the economic growth of the United Kingdom.”
A key emerging technology for many businesses is Artificial Intelligence (AI), and TCS is already advising businesses in the UK and Ireland on adoption strategies. In a recent TCS survey of 100+ corporates in the UK and Ireland, two-fifths (41%) of UK and Irish businesses are largely AI-driven already or well-positioned to accommodate and leverage AI's capabilities and benefits. With more than a third (37%) of UK and Irish executives predicting their workforce will interact with Generative AI daily in the next three years, the need to have a strategic approach to AI is becoming urgent. As a co-innovation hub, our London Pace Port will give businesses in the UK the right tools and expertise to create a refined digital and AI strategy and support the UK government’s vision Opens in new tab of being a front-runner in the AI race while accelerating innovation-led growth in the region.
“Enterprises across industries are looking for ways to quickly adopt AI and Gen AI to enhance their competitive differentiation. At such a time, they need a partner who has a deep understanding of this technology and the right infrastructure to help them find new use cases, experiment, and implement the best PoCs at scale to make the most of this trend,” said Marc Hardwick, Senior Research Director, TechMarketView. “TCS aims to bring its deep competence in AI along with other next-gen technologies at its new Pace Port in London. Interestingly, TCS is setting up the center to be a hub for co-innovation not only with clients but also with the larger ecosystem – academia, start-ups and technology companies. Pace Port should be a huge positive for TCS’ customers, helping them drive innovation at scale and more, more consistently.”
“Our state-of-the-art Pace Port London will foster a collaborative ecosystem through TCS’ IP, technology expertise and Co-Innovation Network (COIN™) spanning multiple disciplines including experts from the start-up, research and academia in the UK that will help co-innovate and co-create solutions for UK businesses,” said Harrick Vin, Chief Technology Officer, TCS. Pace Port London is the next step in our continued effort to help our clients innovate at speed and scale.
TCS’ global Pace™ innovation methodologies, Research, Intellectual Property, Co-Innovation Network, and skilled team of experts will support organizations in the region to bring innovations to life and launch new digital products and services at speed and scale. The innovation hub will help businesses in the UK explore the future, build scenarios and new propositions, improve innovation capabilities, design improved customer experiences, create new offerings, explore ecosystem business models, deliver AI and Generative AI projects, create innovation strategies, and sharpen innovation operating models.
Amit Kapur, Head of UK & Ireland at TCS commented: “UK businesses are committed to investing in technology and digital solutions to transform their business and operating models. Bringing our global network of Pace Ports to London will provide an environment that fosters collaboration, drives innovation, and helps businesses in the UK harness cutting-edge technology, collaborate and grow across industry borders into ecosystem models. Establishing the TCS Pace Port London in the heart of the city reflects TCS’s unwavering commitment to fueling innovation, catalyzing and contributing to the economic growth of the United Kingdom.”
A key emerging technology for many businesses is Artificial Intelligence (AI), and TCS is already advising businesses in the UK and Ireland on adoption strategies. In a recent TCS survey of 100+ corporates in the UK and Ireland, two-fifths (41%) of UK and Irish businesses are largely AI-driven already or well-positioned to accommodate and leverage AI's capabilities and benefits. With more than a third (37%) of UK and Irish executives predicting their workforce will interact with Generative AI daily in the next three years, the need to have a strategic approach to AI is becoming urgent. As a co-innovation hub, our London Pace Port will give businesses in the UK the right tools and expertise to create a refined digital and AI strategy and support the UK government’s vision Opens in new tab of being a front-runner in the AI race while accelerating innovation-led growth in the region.
“Enterprises across industries are looking for ways to quickly adopt AI and Gen AI to enhance their competitive differentiation. At such a time, they need a partner who has a deep understanding of this technology and the right infrastructure to help them find new use cases, experiment, and implement the best PoCs at scale to make the most of this trend,” said Marc Hardwick, Senior Research Director, TechMarketView. “TCS aims to bring its deep competence in AI along with other next-gen technologies at its new Pace Port in London. Interestingly, TCS is setting up the center to be a hub for co-innovation not only with clients but also with the larger ecosystem – academia, start-ups and technology companies. Pace Port should be a huge positive for TCS’ customers, helping them drive innovation at scale and more, more consistently.”
“Our state-of-the-art Pace Port London will foster a collaborative ecosystem through TCS’ IP, technology expertise and Co-Innovation Network (COIN™) spanning multiple disciplines including experts from the start-up, research and academia in the UK that will help co-innovate and co-create solutions for UK businesses,” said Harrick Vin, Chief Technology Officer, TCS. Pace Port London is the next step in our continued effort to help our clients innovate at speed and scale.
TCS’ global Pace™ innovation methodologies, Research, Intellectual Property, Co-Innovation Network, and skilled team of experts will support organizations in the region to bring innovations to life and launch new digital products and services at speed and scale. The innovation hub will help businesses in the UK explore the future, build scenarios and new propositions, improve innovation capabilities, design improved customer experiences, create new offerings, explore ecosystem business models, deliver AI and Generative AI projects, create innovation strategies, and sharpen innovation operating models.
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