IT giant Tata Consultancy Services (TCS) has announced the launch of a new innovation hub in Hyderabad in collaboration with global semiconductor firm Qualcomm.
The new innovation hub will be utilized to build industry specific solutions that use the power of AI, IoT and 5G technologies to help enterprises in their digital transformation journeys.
The hub will also work towards facilitating big data flows using low latency and high reliability, through 5G and edge computing. “The technology industry ecosystem anticipates a new wave of technology investments from progressive enterprises looking to harness the power of 5G, AI and other emerging technologies,” the release stated.
The Hyderabad location will leverage TCS’ expertise in digital technologies, along with Qualcomm’s expertise in 5G, edge AI and edge devices to build solutions for new use cases in the industry. The new hub will utilize TCS’ expertise in digital technologies, along with Qualcomm Technologies’ depth in 5G, edge AI and edge devices to build solutions to entirely new use-cases.
Healthcare, automotive, manufacturing and retail utilities are some of the verticals where 5G innovations will be explored by the partnership. The clients of the two companies would benefit from new business models, offer customized and value added products and as well as generate new revenue streams.
“The convergence of 5G, AI and edge computing will open unprecedented opportunities for value creation in industrial automation, autonomous vehicles and other industries,” said V Rajanna, Global Head, Technology Business Unit, TCS.
Rajanna added that the partnership would help global enterprises move forward in their business 4.0 and digital transformation journeys.
Meanwhile, Rajen Vagadia, Vice President, Qualcomm India Private Limited and President, Qualcomm India & SAARC, commented that Qualcomm has been persistently working to achieve a transition riding on the 5G wave.
“We are thrilled to extend our long relationship with TCS into a more strategic collaboration through the Innovation Hub and explore new and innovative use cases of 5G technologies and AI,” added Vagadia.