Tata Consultancy Services Limited announced the opening of its new Pace Port, a dedicated innovation hub in the heart of London that a ims to drive and accelerate innovation-led growth in the United Kingdom while helping businesses bring innovation to life. With its strategic location in the heart of London, the TCS Pace Port Innovation Hub is set to become a dynamic center for cutting-edge technology, research, and development in the region. Leveraging TCS's extensive expertise in technology-based business transformation, the hub will serve as a catalyst for the adoption of innovation-led solutions.

This will include emerging technologies that will empower businesses in the UK to navigate a volatile marketplace, address evolving business needs, and drive growth. The Pace Port will focus on innovation across a cross-section of industries, government priorities and critical national infrastructure while creating an ecosystem of experiences. A key emerging technology for many businesses is Artificial Intelligence (AI), and TCS is already advising businesses in the UK and Ireland on adoption strategies.

In a recent TCS survey of 100+ corporates in the UK and Ireland, two-fifths (41%) of UK and Irish businesses are largely AI-driven already or well-positioned to accommodate and leverage AI's capabilities and benefits. With more than a third (37%) of UK and Irish executives 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, London Pace Port will give businesses in the UK the right tools and expertise to create a refined digital and AI strategy and support the UK government's vision of being a front-runner in the AI race while accelerating innovation-led growth in the region.

TCS' global PaceTM innovation methodologies, Research, Intellectual Property, Co-Innovation Network, and skilled team of experts will support organizations in the region to bring innovations to life and launch new digital products and services at speed and scale. The innovation hub will help businesses in the UK explore the future, build scenarios and new propositions, improve innovation capabilities, design improved customer experiences, create new offerings, explore ecosystem business models, deliver AI and Generative AI projects, create innovation strategies, and sharpen innovation operating models. London is the seventh Pace Port to open in TCS' global Pace network, following Amsterdam, New York, Paris, Pittsburgh, Toronto and Tokyo.

TCS is committed to nurturing local talent and upskilling the workforce. The London Pace Port will offer programs and initiatives to attract and develop skilled professionals, providing them with opportunities for continuous learning and growth. TCS' investment in the UK reinforces its dedication to supporting the British economy and local communities.

The Pace Port will not only generate job opportunities but also foster innovation and contribute to the UK government's vision of becoming a global tech leader.