TCS launches cloud solution for easier adoption of subscription-based business models

Tata Consultancy Services NSE 0.09 % has launched ‘TCS Servitization Engine’ on Oracle Cloud to help clients create subscription-first business models to retain their end customers.

The solution will help customers to switch to as-a-service models which drive recurring revenues, maximize lifetime value of end customers and increase their retention, according to an exchange filing. The engine offers a combination of products, services, support, self-service, and knowledge base that companies can leverage to add value to their core product offerings, along with front-end customer-facing solutions.