Mumbai, Aug 8: An enterprise of Tata Consultancy Services (TCSNSE 0.34%) today said that its software product, Ignacio, is expected to generate revenue of US $ 100 million over the next two years.
“Our software product Ignio has achieved tremendous growth in the first three years of launch and has seen revenues of 31 million US dollars by March 2018.
Ignio is the award-winning cognitive automation solution of TCS for IT operations. It allows literary enterprises to predict and prevent problems with greater speed and accuracy. In a way, it enhances the operational efficiency of an organization, allowing the organization to become more agile, strong and productive. Currently, Ignio comes with three main features like learn, resolve and stop.
If there is a system outage, then Ignio will be able to recognize the root cause within minutes and solve the problem with at least human effort.
Yes … AI started ruling over his reign!
We expect to be one of the fastest software products to achieve the US $ 100 million in revenues over the next two years, “TCS vice president and giant Global Head, Harik Win told reporters here.
It was launched in 2015 with the aim of leveraging enterprise IT services, to take advantage of artificial intelligence (AI), machine learning and advanced software engineering.
It has been mostly adopted by Fortune 500 and global 2000 corporations, and currently manages more than 1.5 million technology resources for more than 50 customers.
Ignio is used by enterprises to manage their IT infrastructure, ERP environment (SAP), batch workload, application and business process.
“Rapid success in digital technologies – such as artificial intelligence, machine learning, and automation – are changing businesses and promoting creative disruption, revenue and customer growth for Ignio has increased by more than 100 percent.
And development confirms the business of TCS 4.0 strategy, bring technology to customers to gain and gain competitive advantage. Help raise, “TCS CEO and managing director Rajesh Gopinathan.
He said that by taking the Greater adoption of Ignio, the company has helped in achieving the annual growth of triple-digit in both customer acquisition and revenue.
In TCS Research and Innovation Labs, there are 75 patents filed in Indigenous Developed, AIIO in AI, Machine Learning and Intelligent Automation Locations. Digitise recently launched an alliance and channel partner program and has 10+ partners on board.
Digitate is an enterprise of TCS in 2015 as a wholly-owned entity. This is the headquarter.