TCS Recognized as a Leader in IDC MarketScape for Digital Transformation Services for Oil & Gas, EMEA

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[1].

"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.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2028.3 as compared to the previous close of Rs. 2047.05. The total number of shares traded during the day was 210773 in over 14051 trades.

The stock hit an intraday high of Rs. 2050 and intraday low of 2020. The net turnover during the day was Rs. 428972312.

[1] IDC MarketScape: EMEA Digital Transformation Services Providers for the Oil & Gas Industry 2020 Vendor Assessment, IDC #EUR146159020, April 2020

Source : Equity Bulls

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