Tata Consultancy Services to Help the Oil and Gas Company Leverage Next-gen Technologies to Differentiate Itself and Gain a Competitive Edge
DOHA | MUMBAI, March 12 , 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been selected by Black Cat Engineering & Construction (BCEC), Qatar’s largest EPC and maintenance contractor for the upstream oil and gas industry, as the strategic partner to drive the latter’s digital transformation and co-innovation strategy.
As part of the digital transformation, TCS is enabling BCEC to reimagine its end-to-end business processes from tendering to construction, incorporating EPC industry best practices, to design and implement an agile and intelligent multifunctional and multiservice solution on Oracle Cloud ERP. The seamless enterprise-wide system integrates multiple disparate business functions and eliminates data duplication and redundancy.
The new cloud-based platform leverages AI, advanced analytics and predictive capabilities to help BCEC improve decision-making around its capital investment and vendor selection, reduce costs per invoice, shorten delivery cycle time, and enhance HR data analysis and reporting capabilities with greater control and traceability. The significantly higher level of automation will drive up productivity, allowing employees to focus on more strategic and innovative work.
Additionally, as BCEC’s co-innovation partner, TCS created an AI-powered solution for the procurement department that uses a combination of state-of-the-art deep learning models to automatically raise purchase requisitions by reading and processing data from complex process and instrumentation diagrams and piping classes.
“Guided by the Business 4.0™ framework, BCEC has embarked on a digital transformation journey that will help it build competitive differentiation. We are proud to partner them on this journey and will bring our technology expertise, industry experience, proprietary solutions, and innovation ecosystem to make BCEC an industry benchmark,” said Devashis Goswami, Country Head, TCS Qatar.
“BCEC is in the process of a 360-degree transformation journey with our trusted technology partner, TCS. Our partnership embarks on bringing the best value to our clients. BCEC is excited to continue its growth and expansion journey along with TCS through their deep contextual knowledge, experience and commitment to the partnership. We look forward to overcoming the sector’s productivity and risk management challenges,” said Paolo Borchetta, Chief Executive Officer, Black Cat Engineering & Construction WLL.
“I am pleased with the team deployed for this engagement and their consistent interactions with the various stakeholders of Black Cat during this complex implementation that involved integration between various Oracle cloud services and a few legacy applications of Black Cat,” said Roland Koury, Chief Information Officer, Black Cat Engineering & Construction WLL.
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 the last fifty 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 Agile 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 446,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019 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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