Tata Consultancy Services (TCS) is planning to open Ignio, their cognitive automation product for third-party users. According to a report by a noted financial daily, TCS has been running controlled experiments for the same.
Harrick Vin, global head of Digitate, the company that houses Ignio, told the newspaper, “Right now, it is a stage where we are doing controlled experiments on how to open it up to everybody. Who can build on it? It is friends and family right now. We will open it up, but we have to learn how to crawl before we start running.”
“…We are learning. It is an exploratory territory and all options are on the table. We are learning products, business models, financial models… all kinds of things. Some are easier to talk about but tougher to measure like outcome-based pricing,” he added.
Earlier this year, TCS had reported that they had pulled in over $31 million in revenue in FY18 from the product.
“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. Ignio currently manages over 1.5 million technology resources autonomously for over 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.
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 2,000 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.
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Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.