Digitate, a venture of Tata Consultancy Services (TCS) announced a triple-digit annual growth in both customer acquisition and revenue, buoyed by greater adoption of its cognitive automation product, ignio. In fact, a financial newspaper added that TCS had pulled in over $31 million in revenue in FY18 from the product.
Dr Harrick Vin, vice president at TCS and global head at Digitate said, “ignio pioneered the concept of cognitive automation by combining the ability to mimic human thinking and decision-making, with the ability to perform complex activities autonomously. It achieved this by integrating AI, machine learning and modern software engineering.”
“ignio continues to gain traction in the marketplace, with 7 wins for ignio in Q1, and aspires to be one of the fastest software products to achieve $100M in revenue.”
Launched in 2015 with the objective of leveraging artificial intelligence, machine learning and advanced software engineering to transform enterprise IT services, ignio has delivered spectacular business for TCS. The tech giant said that ignio has been adopted by large, complex and global enterprises, mostly Fortune 500 and Global 2000 corporations, who are leaders and innovators in their respective industries. ignio is chiefly used by enterprises to manage their IT infrastructure, ERP environments (SAP), batch workloads, applications and business processes.
— TCS (@TCS_News) August 8, 2018
Rajesh Gopinathan, CEO and MD at Tata Consultancy Services, said in a statement, “Rapid breakthroughs in digital technologies – such as artificial intelligence, machine learning and automation – are reshaping businesses and fostering creative disruptions.”
“The revenue and customer growth for ignio has been over 100% year-on-year. The success and growth of ignio reaffirms TCS’ Business 4.0 strategy, helping customers leverage technology to innovate and gain a competitive advantage.”
Indigenously developed at the TCS Research and Innovation Labs, ignio has over 75 patents filed in the AI, machine learning and intelligent automation space. Digitate recently launched an alliances and channel partner program and already has 10+ partners on board.
ignio currently manages over 1.5 million technology resources autonomously for 50+ clients. Customers have been delighted by ignio’s ability to deliver value within weeks of deployment and this has made Digitate among the best performing software product companies within the first three years.