- Report cites TCS’ engineering strength, industry expertise, IT and digital competencies, and continuous R&D investment in the oil and gas market
Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a ‘leader’ in the IDC MarketScape, Worldwide Oil and Gas Professional Services 2016 Vendor Assessment, (Doc # US40842116, August 2016) report.
TCS was recognized for demonstrating strong capability in the upstream and downstream segment, bringing together its engineering, oil and gas, and IT and digital competencies. The report highlights TCS’ commitment to R&D and innovation, custom development of oil and gas software products, data management, analytics of oilfield production operations and asset management for refinery and petrochemicals sites.
The report evaluated leading IT professional service providers that serve the oil and gas industry. IDC MarketScape criteria of selection is based on a participants’ service capabilities, depth of solutions for oil and gas and geographic presence across multiple regions. The weightings represent well-researched IDC judgment about the market and vendors through structured discussions, surveys and interviews with market leaders, participant buyers and end users.
“In the rapidly changing oil and gas business, IT modernization, big data and analytics, data management and platforms, modeling and simulation, virtual reality and real-time solutions are growing rapidly in demand to meet emerging requirements,” said Chris Niven, research director, IDC Energy Insights. “TCS’ positioning as a leader is indicative of the success that the firm has seen in the oil and gas space, across lines of business and geographies. TCS is a preferred partner for several major and large oil and gas companies and services vendors and has demonstrated its capability in the upstream and downstream segments.”
“TCS is enabling oil and gas businesses to prosper in a challenging business environment through our industry expertise, engineering led digital re-imagination and focus on operational efficiencies,” said Debashis Ghosh, president, energy and resources, life sciences and manufacturing, TCS. “This leadership position in the IDC MarketScape is a testament to the success of our efforts.”