Last Updated : Friday, June 26, 2020 20:37:39

TCS leads IDC MarketScape for Digital Transformation Services for Oil & Gas

NEW YORK (US) / MUMBAI / RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Ratan Tata led Mumbai headquartered Diversified Indian Conglomerate – Tata Group’s Information Technology (IT) Consulting & Software Services providing arm Tata Consultancy Services (TCS) Ltd said of having been recognized as a leader in IDC Marketspace report for Digital transformation services for Oil & Gas sector in Europe, Middle East and African region.

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market.

The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market.

IDC MarketScape provides a  clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared.

The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

In a press-release titled, “TCS Recognized as a Leader in IDC MarketScape for Digital Transformation Services for Oil & Gas, EMEA”, as attached and enclosed with the regulatory filing as submitted to the Indian Bourses, it further read that, Tata Consultancy Services is Helping Energy Companies Leverage the Power of Digital to Become Purpose driven, Resilient and Adaptable.

The release further read that, Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the IDC MarketScape for EMEA Digital Transformation Services Providers for the Oil & Gas Industry.

TCS partners with leading oil and gas companies to drive transformation across the value chain with a comprehensive portfolio of services and platform solutions including IT and advisory services, digital workplace, asset management, automation, data democratization, cloud and cyber security.

The company has been helping oil and gas companies enhance their operational resilience by building a flexible, secure and future-proof IT core that leverages cloud, APIs and microservices.

Using its Machine First™ approach, the company has been using IoT, analytics and automation to seamlessly interconnect components, systems, and people, while enabling real time monitoring and maintenance.

TCS’ Location Independent Agile™ model has helped oil and gas companies reduce project risks and gain significant speed to market benefits.

That and its innovative solutions to enhance worker safety and productivity and around digital twins and simulations, have made TCS their preferred innovation partner.

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