TCS partners with Dassault Systems to create accurate digital human heart models

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The project will create groundbreaking medical solutions, including the use of heart simulation as a source of digital evidence for new cardiovascular device approvals.

Tata Consultancy Services (TCS) has partnered with Dassault Systemes through its Living Heart Project which unites an ecosystem of cardiovascular researchers, educators, medical device developers, regulatory agencies including the USFDA, and practising cardiologists, to develop and validate realistic digital simulations of the human heart.

The project will create groundbreaking medical solutions, including the use of heart simulation as a source of digital evidence for new cardiovascular device approvals. This includes an in-silico clinical trial that could complement the evidence drawn from clinical subjects while reducing the need for animal testing and human enrollment for clinical trials. As an industry partner, TCS will use its domain and technology expertise and its research on the Digital BioTwin of the heart to contribute to model refinement, simulation, and technological implementation in developing and validating highly accurate, personalized digital human heart models.

The TCS Digital BioTwin is a biophysics-based high-fidelity computational model developed by TCS researchers, to enable the investigation of the function of a particular human organ remotely and non-invasively. It helps in understanding the individual contributions of several factors and analyses their interactions at a spatial scale. TCS has been conducting extensive research in building digital bio-twins of organs such as skin, nose, and colon.

Tata Consultancy Services is the flagship company and a part of the Tata Group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions.

At 12 pm, the shares of Tata Consultancy Services were trading at Rs 3471.35, up by 0.82% from its previous closing of Rs 3443.25 on the BSE. Today, the stock opened at Rs 3451.15 and has touched a high and low of Rs 3482 and Rs 3445.10, respectively.

The BSE group ‘A’ stock of face value of Rs 1 has touched a 52-week high and low of Rs 3575 and Rs 2926, respectively. Last one week high and low of the scrip stood at Rs 3482.00 and Rs 3370.05 respectively. The current market cap of the company is Rs 12,70,422.64 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.32% and 5.38%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Wowwww that’s really a very big news

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AI for Business Growth: TCS Global Study Unveils Widespread Adoption and Strategic Shift

TCS Global AI Study

TCS’s “TCS AI for Business Study” provides a comprehensive analysis of AI adoption across industries. The study surveyed nearly 1,300 C-suite executives and senior leaders with profit and loss (P&L) responsibility across 24 countries and 12 sectors. The results paint a clear picture: AI is no longer a futuristic concept, but a tangible reality for businesses worldwide. Over 86% of respondents have already deployed AI solutions, highlighting a significant increase in adoption rates. This widespread embrace underscores the growing confidence in AI’s ability to optimize and transform business operations.

Shifting Gears

The study unveils a fascinating shift in the focus of AI applications. While cost optimization and productivity gains were traditionally the primary drivers of AI adoption, the landscape is changing. A significant 69% of businesses now prioritize AI for revenue generation and innovation. This trend indicates a growing recognition of AI’s potential to unlock new revenue streams, enhance customer experiences, and drive significant business growth.

Optimism Fuels AI Adoption

The survey results reveal a generally positive sentiment towards AI among business leaders. More than half (57%) of the executives expressed excitement or optimism regarding AI’s impact on businesses. This optimism extends beyond mere enthusiasm – executives believe AI has the potential to revolutionize business processes in a way that surpasses the impact of the internet (54%) and smartphones (59%).

AI and the Human Workforce

The study effectively dispels concerns about AI replacing human workers. A resounding majority (65%) of executives believe AI will augment human capabilities. This means AI will act as a powerful tool, freeing up employees to focus on higher-value activities that require creativity, strategic thinking, and complex problem-solving. The report further highlights the emergence of a collaborative future. Nearly half (45%) of respondents anticipate that within the next three years, up to half of their workforce will require skills in utilizing generative AI – a form of AI that can create new content such as text, code, or images. This underscores the need for a future workforce equipped to collaborate effectively with AI tools.

Challenges and Roadblocks on the Path to AI Transformation

Despite the enthusiasm, the study acknowledges challenges hindering widespread AI adoption. Nearly a quarter (24%) of respondents haven’t progressed beyond the initial exploration phase, and only a select few (4%) have achieved true business transformation through AI. When asked about the key obstacles, executives identified existing IT infrastructure limitations, evolving customer expectations, and the lack of appropriate metrics to measure the success of AI implementations.

Strategic Planning and AI Governance

The findings emphasize the importance of a well-defined and strategic approach to AI implementation. Businesses must develop clear goals and objectives for AI adoption, identify the most suitable use cases within their specific industry and value chain, and establish robust AI governance frameworks to manage risks and ensure responsible AI development. Devising clear and measurable performance indicators is crucial for maximizing the return on investment (ROI) from AI projects. Businesses need to go beyond traditional metrics and develop frameworks that effectively capture the value generated by AI initiatives.

TCS: A Leader in AI Integration

As a frontrunner in AI integration, TCS offers a comprehensive suite of AI solutions under its AI.Cloud unit. This unit caters to the evolving needs of customers by providing a multi-layered AI architecture that aids in strategizing, deploying, and governing AI implementations across various value chains. TCS’s expertise helps businesses navigate the complexities of AI adoption and unlock its full potential for growth.

A Look at Industry Trends

The study delves deeper, providing insights into industry-specific trends. Here are some key takeaways:

  • Financial Services and Manufacturing Lead the Pack: The study reveals that executives in the Banking, Financial Services and Insurance (BFSI) sector, along with those in manufacturing, are the most enthusiastic about the potential of AI, with nearly two-thirds (64% and 63% respectively) expressing excitement or optimism about its impact.
  • Global AI Adoption: The enthusiasm for AI is not geographically restricted. The survey results show a strong interest in AI across all regions, with a significant number of executives in the United Kingdom & Ireland (93%), North America (89%), Asia Pacific (APAC) (88%), Continental Europe (83%), and Latin America (80%) reporting ongoing AI projects aimed at revenue growth.

Embracing the Future with AI

The findings of the TCS study present a clear message that AI is no longer a technology of tomorrow, but a reality of today. Businesses that embrace AI and develop a comprehensive strategy for its implementation will be well-positioned to thrive in the ever-evolving business landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.