TCS Launches AI WisdomNextTM to Revolutionise GenAI Adoption

On June 7, 2024, Tata Consultancy Services (TCS) launched TCS AI WisdomNextTM.This platform consolidates various Generative Artificial Intelligence (GenAI) services into a unified interface. It facilitates organisations in swiftly embracing next-gen technologies on a large scale, reducing expenses, and ensuring compliance with regulatory standards. This innovative platform aims to eliminate obstacles for customers in creating and deploying business solutions, enabling real-time experimentation across a variety of vendor, internal, and open-source LLM models.

The company stated that AI and GenAI hold significant potential across various business processes. However, global solution designers often struggle with selecting, experimenting, and determining the most suitable foundational models. These models constantly evolve, each offering unique features in terms of usage, cost, and efficacy.

According to TCS’ AI for Business Study, business leaders are optimistic about AI’s impact but uncertain about the transformation journey. TCS AI WisdomNext streamlines model selection and simplifies the creation of new business solutions with GenAI tools. Additionally, it facilitates the reuse of existing components to expedite the design process.

During the initial testing phase, TCS has utilised this robust tool for several key clients to deliver value and develop prototypes. For example, to expedite sales processes for a US-based outdoor advertising firm by enabling real-time inventory availability and generating quotes integrated with maps; boosting productivity and efficiency throughout the application migration and modernisation lifecycle for a prominent American insurance company; and improving customer experience via a smart mortgage assistant for a leading UK bank.

Commenting on the launch, the Head of AI.Cloud Unit at TCS, Siva Ganesan, said, “TCS AI WisdomNext helps our customers take advantage of GenAI to unlock the full potential of their data, drive greater business innovation and efficiency, and gain a competitive edge. Customers appreciate the newly launched platform’s ability to help navigate a diverse and quickly evolving AI marketplace and rapidly compose ‘art-of-the-possible’ solutions. We are solving business problems and helping our customers redefine what it means to harness the power of GenAI. The rapid adoption of GenAI and experiencing what it means in terms of business outcomes is something our customers find very exciting.”

The AI.Cloud division consolidates TCS’ expertise in cloud computing and artificial intelligence to address the current requirements of clients. Offering a comprehensive range of GenAI services and solutions, including consulting, solution design, large language model training, and ethical AI frameworks, it assists enterprises in leveraging AI responsibly. With more than 3,00,000 associates trained in AI/ML fundamentals, TCS aims to cultivate one of the most extensive AI-ready workforces globally. TCS AI WisdomNext is currently accessible to clients.

On June 7, 2024, the share price of Tata Consultancy Services Ltd opened at ₹3,837.30, touching the day’s high at ₹3,903.30, as of 11:39 AM on the NSE.

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