Tata Consultancy Services (TCS), a leading global IT services, consulting, and business solutions organization, has announced a new partnership with ENGlE Laborelec, a leading utilities research center, and part of the ENGlE Group. The partnership will focus on developing new products and services for the utilities sector to deliver protection against emerging cyber security
threats.
The utilities sector, which forms a critical structural component of every economy, is currently on a digital transformation journey which promises immense value creation, but also raises new risks. Operational Technology (OT) systems, which traditionally operated in silos, are increasingly connected through shared infrastructure, the cloud and Internet of Things ecosystems. While this is helping utilities move beyond the limitations of their OT, improve operational efficiency and unlock new revenue streams, it also makes them vulnerable to security breaches by malicious actors.
The collaboration between TCS and ENGlE Laborelec will bring together the expertise of two industry leaders in their respective domains to create unique value for the utilities sector. TCS has been 'the preferred digital transformation partner for progressive utilities across the world, and offers a comprehensive portfolio of cyber security services - advisory, assessment, implementation and management- to protect clients against emerging threats in a new interconnected environment. ENGlE Laborelec has experience working across the energy value chain: from generation, transmission and distribution to storage and end-use.
The partnership will also help prepare the industry for the European Union's recently implemented National Infrastructure Security (NIS) Directive. The NIS Directive is the first piece of EU-wide legislation on cyber security and has special provisions for organizations providing critical services such as energy, water, and digital infrastructure.
Shares of the company gained Rs 29.8, or 1.56%, to trade at Rs 1,939.60. The total volume of shares traded was 49,656 at the BSE (12.43 p.m., Monday).
