Tata Consultancy Services (TCS) has won the National Intellectual Property Award 2021 & 2022 in the category ‘Top Indian Company for Creating Brand in India and Abroad’ and the World Intellectual Property Organization’s (WIPO’s) Users Trophy.
The Indian Intellectual Property Office confers the National Intellectual Property Awards to recognize individuals and enterprises for their creation and commercialization of intellectual property (IP), contributing to the country’s intellectual capital and creating an IP ecosystem that boosts creativity and innovation.
TCS has built a culture of innovation and has put in place robust processes and supporting structures to nurture, manage, and scale up the development of intellectual property. It systematically identifies promising new ideas from across the organization and invests in developing those further, a statement said.
The Research and Innovation function within each business unit enables domain-specific innovation harnessing the power of digital technologies. This has resulted in an industry-leading portfolio of intellectual property consisting of patents, products and platforms that provide competitive differentiation to TCS, and immense strategic value to its customers.
Over time, the pace of patent filing has accelerated and TCS now generates over a dozen patent applications every week. The company has filed 6,922 patent applications and has been granted 2,560 patents, as of September 30, 2022.
TCS’ robust intellectual capital has helped expand its share of its customers’ growth and transformation spends on initiatives such as business model innovation, customer experience reimagination, and tapping new revenue streams.
“We are honored to receive the National Intellectual Property Award and WIPO Trophy. TCS brands have a strong resonance in the market and these awards are recognition of our constant endeavor to build differentiated solutions to help our customers achieve their business goals. It reflects the role that TCS plays in partnering with its customers over the long-term relationship, leveraging its contextual knowledge, investments in research and innovation and intellectual knowledge, and technology expertise to help them achieve their purpose-led transformation goals,” said Ashvini Saxena, Head, Components Engineering Group, TCS.
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