TCS may make cognitive automation software ignio as a standalone firm

The product has more than 75 patents filed in the artificial intelligence (AI), machine-learning and intelligent-automation space



Romita Majumdar Mumbai
Tata Consultancy Services (TCS) is looking at building its cognitive automation software ignio as a standalone company.

Developed within TCS Research & Innovation Labs in 2015, ignio has evolved as one of the top-performing software globally, clocking a revenue of $31 million just in its third year. Around 50 companies across the world, many of them are Fortune 500 firms, use the software with an average revenue per customer of $550,000 per annum. 

However, while most of its current users are from TCS' existing client base, the Mumbai-based company has started looking at offering this as a standalone product and even to rival service providers.

First Published: Aug 11 2018 | 10:12 PM IST

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