Tata Consultancy Services (TCS) has announced the opening of an AI Experience Zone and Design Studio in London. According to the press release, this initiative is part of TCS’s ongoing strategic investment in the United Kingdom (UK).
As part of its efforts to support workforce development, TCS plans to create 5,000 new jobs in the UK over the next three years through this initiative.
“As a valued investor for the UK, Tata Group and its companies like TCS are central to this mission, which ultimately will create jobs, put money in people’s pockets, and deliver economic growth across both countries,” Jason Stockwood, UK minister for investment, said.
The new AI Experience Zone and London Design Studio, TCS’s second design hub after New York, aims to enhance innovation and client collaboration in the UK. It will leverage TCS’s established innovation ecosystem with partners, academia, and startups.
During a recent visit to the TCS Banyan Park campus in Mumbai, a business delegation led by UK Prime Minister Keir Starmer explored TCS’s contributions to the UK economy. At the event, Minister Jason Stockwood and the TCS leadership unveiled a report from Oxford Economics that sheds light on TCS’s economic impact in the UK.
In fiscal year 2024, TCS contributed £3.3 billion to the UK economy and paid over £780 million in taxes, equivalent to the salaries of about 20,400 teachers. The company supported 42,700 jobs across 19 UK sites, with 15,300 roles in technology, addressing a skills gap costing the UK economy £1.5 billion annually.
“This latest investment plays a vital role in supporting complex, transformational programmes across many industry sectors, and this enhanced capability will put it in a strong position to help its clients harness the full potential of AI,” said Nick Mayes, principal analyst at industry analyst firm PAC.
Read: TCS’s $6 Billion AI Overhaul Signals a Rethink for Indian IT
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