The New TCS Pace Studio in Stockholm - Key Findings from PAC Perspective

Yesterday, September 5th, 2024, PAC was present at the official lunch of TCS Pace Studio in the heart of Stockholm, more precisely, in Epicenter House of Innovation, the first such facility in the Nordics. The other TCS Pace Studios are located in Riyadh, Sydney, and Letterkenny, and there are seven TCS Pace Ports in Tokyo, Amsterdam, New York, Pittsburgh, Toronto, London, and Paris.

"Getting to the top is difficult, but staying there is even more challenging," said a famous expression. Today, TCS is one of the largest global tech services companies, with over 600,000 employees. In this context, how can such a giant remain grounded and attuned to the market's diverse needs while overcoming barriers to innovation adoption? The answer lies in fostering a more collaborative approach involving local startups, entrepreneurs, and academia.

The events featured live demonstrations of cutting-edge tools, including VR, robotics, and real-time translation technologies. Among the highlights was the ‘eNose,’ a device that mimics the human sense of smell and can detect various flavors and odors. For the demonstration, it identified spoiled bread, showcasing its significant potential applications in manufacturing, retail, healthcare, and other industries.

Given the rapid pace of technological advancement, innovative solutions are readily available. To effectively align digital tools with specific business objectives, factors such as geographic location and industry-specific nuances must be considered. A collaborative approach, leveraging a network of partners, can enhance a company's ability to tailor its offerings to the unique characteristics of the Nordic IT market.

Over the years, TCS has established multiple innovation hubs globally to better align with local requirements. During the event, TCS presented recent successful developments in healthcare and the mobility of the banking industry. In Nordic countries, while innovation is highly encouraged, adopting new technology might face a hesitant attitude. According to PAC, greater engagement with the local technology stakeholders could help lower these cautious approaches and foster an opening for even more revolutionary tools.