The document discusses innovation at TATA and TCS, including:
1) Examples of frugal innovations by TATA like the low-cost Tata Nano car and Tata Swach water filter that have global impact.
2) TCS's innovation themes around efficiency, security, knowledge management, and enhanced customer experience.
3) TCS's innovation process involving research, prototyping, and user testing illustrated through their work with a UK financial services customer.
4) Future areas of innovation discussed like cloud, analytics, and social media.
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