TCS Recognized as a Leader in IDC MarketScape for Digital Transformation Services for Oil & Gas, EMEA
Tata Consultancy Services is Helping Energy Companies Leverage the Power of Digital to Become Purpose-driven, Resilient and Adaptable
NEW YORK | MUMBAI, June 23, 2020: 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.
“Energy companies across the world are shifting from being producers of fuel to providers of affordable, reliable and clean energy. TCS is helping customers leverage the power of digital to realize this objective and become purpose-driven, resilient and adaptable,” said Debashis Ghosh, Business Group Head, Energy and Resources & Life Sciences and Healthcare, TCS. “This recognition from an independent third-party research firm is a validation of our vision, strategy, capabilities and growing leadership in this domain.”
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.
“With our deep contextual and domain knowledge of the oil and gas industry, focused investments in R&D, expertise in digital technologies and rich portfolio of innovative solutions, we help customers digitally transform their businesses," added Debashis Ghosh.
About IDC MarketScape
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.
 IDC MarketScape: EMEA Digital Transformation Services Providers for the Oil & Gas Industry 2020 Vendor Assessment, IDC #EUR146159020, April 2020
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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