Tata Consultancy Services launches London co-innovation hub

Global advisory firm Tata Consultancy Services has announced the opening of its new Pace Port. The dedicated co-innovation hub in the City of London aims to help accelerate growth for businesses in the UK and bring cutting edge ideas to life. 

“Our state-of-the-art Pace Port London will foster a collaborative ecosystem through Tata Consultancy Services’ (TCS) intellectual property, technology expertise and Co-Innovation Network spanning multiple disciplines including experts from the start-up, research and academia in the UK that will help co-innovate and co-create solutions for UK businesses,” said Harrick Vin, Chief Technology Officer, TCS. “Pace Port London is the next step in our continued effort to help our clients innovate at speed and scale.”

With the UK economy facing multiple headwinds in 2024, as businesses struggle to return to growth, innovation is seen as a key priority by many firms. In particular, the most exciting emergent technology for many businesses is artificial intelligence – with a recent TCS survey of 100 corporates in the UK and Ireland finding 41% were largely AI-driven already, or well-positioned to accommodate and leverage AI's capabilities and benefits. 

With more than a third of executives also predicting their workforce will interact with generative AI daily in the next three years, the need to have a strategic approach to AI is becoming urgent. As a co-innovation hub, the London Pace Port will give businesses in the UK the right tools and expertise to create a refined digital and AI strategy, while accelerating innovation-led growth in the region.

Among the services provided by TCS’ Pace Port is will be supporting organisations to launch new digital products and services at speed and scale; catering to innovation across a cross-section of industries, government priorities, and critical national infrastructures; and helping to build collaborative ecosystems of start-ups, research, and academia in the UK to help co-innovate and co-create solutions for UK businesses.

Amit Kapur, head of UK & Ireland at TCS, commented, “UK businesses are committed to investing in technology and digital solutions to transform their business and operating models. Bringing our global network of Pace Ports to London will provide an environment that fosters collaboration, drives innovation, and helps businesses in the UK harness cutting-edge technology, collaborate and grow across industry borders into ecosystem models. Establishing the TCS Pace Port London in the heart of the city reflects TCS’s unwavering commitment to fuelling innovation, catalysing and contributing to the economic growth of the UK.”

TCS has operated in the UK for more than 45 years and works with over 200 of the nation’s best-known and most-loved businesses including British Airways, Virgin Atlantic, Aviva, Sainsbury’s, Nationwide, Phoenix Group, the BBC, Asda and Boots. TCS currently employs more than 23,000 people in the UK and Ireland, making it among the region’s biggest IT employers.