JOIN USIndia’s largest IT services company TCS is betting big on its ‘Business 4.0’ strategy to propel its revenues from new age-technologies like automation, cloud and Internet of Things (IoT) to over $5 billion this year.
TCS Chief Executive Officer and Managing Director Rajesh Gopinathan said that Business 4.0 is thought leadership framework to help customers leverage digital technologies to address their growth and transformation agendas.
“There are many components to digital technologies, there is cloud, automation, analytics, IoT. People have been looking at various technologies, each of which is powerful and valuable in its own right but the point has been how do you stitch it together to help businesses,” Gopinathan added.
He added that Business 4.0 provides an integrated and holistic framework to help customers address issues and focus on growth in an agile manner.
Gopinathan said the “digital opportunity” globally runs in the billions as these new technologies are becoming increasingly entrenched across the table at an enterprise.
“Last year, we had crossed $3 billion (in digital revenue). It has grown 35%, it has grown faster than it had grown last year. We have crossed $4 billion in digital revenues. Run rate-wise, it is close to $4.7 billion,” Gopinathan said.
He added that digital revenues would be well over $5 billion this year for the Tata Group company.
For the quarter ended March 2018, TCS’ revenue from digital engagements accounted for 23.8% of its overall revenues, growing at 42.8% year-on-year.
Asked if the company would look at acquisitions to strengthen its play in the digital space, Gopinathan said that while TCS is “always open” to such deals, it would not rely only on inorganic routes.