Tata Consultancy Services hosted senior industry executives and their peers at its Oil & Gas Leadership Summit at the Petroleum Club in Houston on January 25, 2018, and presented their strategic plans for 2018. This O&G Leadership Summit is a forum where TCS experts discuss how disruptive technologies can help O&G companies transform their processes, increase their ROI and reduce operating costs.
In today’s environment, exploration and production (E&P) companies now operate in a volatile business environment driven by sharp swings in oil prices, but these companies are now armed with innovative technologies and new ways of doing things and need help navigating this new landscape to digitally transform their businesses.
While TCS covered different areas and capabilities the main theme for 2018 was Operational Excellence across the O&G Value Chain. The main focus is on data and through the effective use and understanding and analytics of data TCS will help clients improve their operations efficiencies and agility.
TCS’ helps O&G enterprises by focusing on key enabling technologies like IoT and capturing critical data coming from new devices and sensors that generate vast quantities of new data for deeper insight into operations performance.In addition, enterprise automation is another key enabler for oil and gas companies as TCS helps operators automate critical processes using AI/ machine learning to quickly understand, respond and learn to more efficiently handle important problems such as determining the best way to handle user problems and open tickets.This approach continuously learns how to handle problems over time and establish best practices for specific types of problems.
Cloud is another strategic enabling technology that TCS presented as strategic for oil and gas companies to focus on today.Cloud is now mainstream in oil and gas and most vendors are developing new software applications on the cloud which is going mainstream in oil and gas today, and TCS helps their clients move and develop new applications to help streamline IT operations and foster collaboration and coordination between people, processes, tools, data, and governance structures to quickly respond to rapid business changes and optimize operational efficiencies.
TCS presented Cybersecurity as another core competency, and they have developed an assessment framework that their experts use to check the security of various systems and functions to rapidly identify areas of weakness.This assessment helps TCS to make recommendations about how to go about refining the current security capabilities to build a solid, core security environment incrementally while showing value in each step of the methodology.
TCS developed ignio™ as their AI/Cognitive platform with a new paradigm for automation. There’s no scripting involved.ignio is able to dynamically adapt to changes in the IT environment.For example, allowing enterprises to run daily “ready for business checks” to start operations, rapid resolution of IT incidents including active self-healing, systems management of on-boarding, automated systems provisioning and more, all of which helps to automate a multitude of oil and gas related processes.
Finally, TCS had demos that displayed game changing solutions in the areas of automation and augmented reality in addition to the analytics and AI/cognitive for enterprise IT Operations.The user interface was especially intuitive and easy to use to derive the desired results.