Page 64 - TCE Annual Report 2024-2025
P. 64

Overview        Leadership Messages     Governance                            Strategic Insights    Business Review       People & Community





            Service
           Digital and Advanced


           Technology Business Unit









           The Digital and Advanced Technology Business Unit (DATBU), established in FY18, plays a pivotal role
           in driving TCE’s ambition to become a future-ready technology services provider. It was envisioned
           as the nucleus of TCE’s digital transformation efforts and today leads projects that combine precision
           engineering, emerging technologies, and domain insight. With a strong focus on innovation, DATBU
           delivers impactful solutions in areas such as asset digitisation, digital twins, AI-powered automation,
           high-precision remote handling systems, and the design of specialised equipment for strategic
           sectors. The Business Unit works across industry verticals, bringing in next-generation capabilities and
           building a foundation for long-term transformation through technology.



                                                            Industry Trends and Market Outlook
                 2024-25 Performance                        The digital and advanced technology landscape in
                                                            engineering is expanding at a remarkable pace. Globally,
                         Highlights                         industries are embracing digital transformation to
                                                            reimagine how infrastructure, power, manufacturing,
                                                            and process facilities are designed, built, and managed.
                                                            Concepts like Industry 4.0, smart infrastructure, and
                                                            AI-enabled engineering are no longer future aspirations,
                                                            they are central to the way projects are being conceived
                  3%           share in total               and delivered today.
                               revenue
                                                            Owners and operators are increasingly looking for
                                                            technology-led consulting partners who can provide
                                                            end-to-end solutions, integrating physical assets with
                                                            digital intelligence. There is a strong focus on data-
                  4%           share in total               driven decision-making, automation of workflows,
                               acquisition
                                                            and embedding sustainability into digital frameworks.
                                                            In India, the government’s focus on becoming a
                                                            global digital hub is driving large-scale investments
                                                            in semiconductors, battery manufacturing, electric
                 231           workforce on                 mobility, and green hydrogen, all of which require
                                                            sophisticated engineering and technology capabilities.
                               31st March 2025
                                                            Digital twin technology, for example, is moving from
                                                            niche application to mainstream use, offering real-time
                                                            insights into asset performance and lifecycle planning.
                   14          projects submitted           At the same time, the demand for cyber-resilient and
                                                            interoperable systems is growing, with clients seeking
                               for Tata Innovista
                                                            platforms that allow seamless collaboration across
                                                            geographies and disciplines.




           64  |    26  Annual Report 2024-25
                  th
   59   60   61   62   63   64   65   66   67   68   69