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TCS Witnesses Accelerated Adoption of New Technology Across Europe

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According to a key executive at Indian software company Tata Consultancy Services Ltd (TCS), the pandemic has pushed enterprises to adopt new technology more quickly in several areas of their business across Europe.

TCS's fastest-growing region is Europe, which accounts for about a third of its annual revenue of $22.17 billion. Continental Europe was the only geography where TCS grew in the previous full year.

According to Sapthagiri Chapalapalli, head of TCS Europe, "the pandemic has proven that you can collaborate remotely and certain technologies where adoption was slow, such as collaboration technologies or cloud, the openness has increased and thus there is an acceleration".

TCS, India's largest IT exporter, has offices in 19 European countries and serves a slew of high-profile clients including Deutsche Bank, SAP, ASML, Infineon, and ABB.

As many European companies upgrade their computer technologies, IT service providers are seeing growth in the region, along with a shortage of people with the required digital skills, partly due to an ageing population.

"When things open up, you have to be cautious, especially when it comes to cyber security, which has become a popular issue even though one desires to open up, one has to do it safely”, continued Chapalapalli.

TCS is expected to operate in newer technologies such as 5G, which could be used in industries such as manufacturing and automotive, according to Chapalapalli.

"Businesses are going to fundamentally change what they do, and technology will be right at the heart of that, so the opportunity is enormous”, adds Chapalapalli.

It opened a co-innovation and advanced research center in Amsterdam last week to work with clients on adopting newer technologies, with plans to upgrade to 5G in the coming months.

For the same, TCS Pace Port Amsterdam was created to assist customers in navigating their growth and transformation journeys, as well as to serve as a hub for TCS teams to collaborate with European customers.

After New York and Tokyo, Pace Port Amsterdam is the company's third co-innovation centre in a global network of physical-digital innovation hubs.

"TCS believes that leveraging the collective knowledge of an ecosystem of partners can help companies realize their purpose and build a better future," Chapalapalli said.

"Businesses are going to fundamentally change what they do, and technology will be right at the heart of that, so the opportunity is enormous”, adds Chapalapalli.

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