TCS Recognized as a Leader in IDC MarketScape for Oil & Gas Upstream Asset Management Digital Services

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In the IDC MarketScape for Worldwide Oil and Gas Upstream Asset Management Digital Services, Tata Consultancy Services has been named a Leader.

TCS’s “large enterprise integration: TCS offers end-to-end IT, BPO, and engineering services,” according to the report, is a major asset. “TCS offers a strong portfolio of engineering services that include product/asset development, plant solutions, simulation/design, IoT, security, AR/VR, AI, and digital twin,” the report said. 

“TCS helps upstream oil and gas companies leverage digital technologies such as IoT, data and analytics, AI and VR/AR, as well as our agile innovation ecosystem to transform exploration and production, enhancing safety and minimizing their carbon footprint. This leadership position is a reflection of our vision, deep domain knowledge, and differentiated offerings,”

said Debashis Ghosh, Business Group Head, Energy & Resources Cluster, TCS.

“A prolonged global pandemic and the upcoming energy transition are creating urgency for oil and gas enterprises to accelerate their digital transformation strategies to become more resilient. TCS has made significant strides in the upstream market as it relates to their brand, scale and scope of projects, and customer base,”

said Andrew Meyers, Research Director of Oil & Gas for IDC Energy Insights. 

TCS provides a broad range of services to the upstream oil and gas industry across the asset lifecycle. It caters to businesses of all sizes, from oil and gas supermajors to regional powerhouses. TCS helps clients rethink the customer experience, achieve business agility, asset reliability, and safety by leveraging its technology prowess and industry expertise.

Exploration and production application transformation, modernizing and transferring upstream asset data to the cloud, and managed cybersecurity are among the company’s offerings. TCS also provides engineering data management, subsurface and upstream asset analytics, analytics-driven production operations and maintenance, such as asset performance and reliability management, and health and safety solutions, including AR/VR and smart wearables for connected workers, video and image analytics, digital good engineering, and drilling solutions. TCS assists oil and gas customers with managing agile corporate processes, as well as system integration and separation for M&As resulting from portfolio restructuring initiatives.

TCS’ industry-focused Centers of Excellence focus on several verticals and technologies to assist energy and resources customers in adopting new business models and delivering sustainable innovation.

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