Panasonic joins with TCS: Panasonic decided to open its first innovation center in Bangalore in association with Tata Consultancy Services. This innovation center mainly based on Internet of things and artificial intelligence. It will majorly look in security, mobility, financial and industrial solution, and in energy storage space.
Panasonic Joins With TCS To Open Its First Innovation Center In Bangalore
To go with new ideas, Panasonic may start to incubate start-ups with TCS. Panasonic India Chief Executive Officer Manish Sharma said ” The consumer desires and trends leads for innovating new ideas to some extent. Our association with TCS will create moderate technologies and new dimensions.”
Panasonic clubs with Tata Consultancy Services
Panasonic is mainly for Japanese consumer Electronics. From now onwards it started to produce Indian Consumer Electronics also. It is jubilant to hear Panasonic starts its partnership with Tata Consultancy Services. TCS is one of the finest global software company.
Panasonic transforms its business model towards smart technologies like Internet of Things. Present, Internet of Things has good priority in Information Technology Side. With a keen eye, Panasonic started innovation center with modern technologies.
Panasonic teams with TCS
Daizo managing executive officer of Panasonic said ” This will strengthen India’s position and for the lead innovations in the Middle East and South Africa. President Sharma Said “This will be the right time for us. We will be investing Rs 260 Cr over the next five years which will create 10 percent of business opportunities here.”
Sharma also added that India is not a huge contributor for Panasonic products, it is in the list of top three growing markets.Panasonic will bring its core technology whereas TCS contribute its IT technology. Panasonic had several products like Microwaves, LED Tv’s, Trim Kits, Water Purifiers, Inverter and Air conditioners. It also has innovation centers in Japan and US. It employs around 13000 in India and South Africa.