This interview with Jan Erik Johansson discussing how TCS is engaging with customers across energy & resources domain on their digital transformation journeys.

New disruptive Technologies like Internet of Things (IoT), Blockchain, Artificial Intelligence (AI), Machine Learning and Advanced Analytics are the new core technologies underpinning the digital transformations and are gaining increased interest in the industry. The bring the promise of large positive impact for the companies in this segment.

TCS's Business 4.0 framework designed to provides breadth of solutions addressing the challenges the industry faces in and assist our clients in unlocking the business value potential from the digital transformation

Two off the larger challenges faced with to fully implement a digital transformation project is the lack of Operational Technology (OT) and Information Technology (IT) integration and a complete understanding of the end to end operation of their assets . Asset management is important if not critical as 67% of all asset in the O&G industry have or are at the 50% of expected lifetime use. Of course the Energy price volatility in the market also effects the speed and scope of digital transformation projects both in budgeting/planning and execution.

One of the leading edge technology is Blockchain. Blockchain have potential impact anywhere a secure verifiable chain of records is required. In particular in combination with Smart Contracts that allows automation of contractual agreements. Examples are supply chain for critical parts, commodity trading and settlements, Joint Venture accounting, Land Management, secure transmission where verifiable commands are required, identity and certification management etc. etc. TCS Blockchain practice and its delivery organization have already implemented a number of Blockchain solutions in several industry verticals and is bringing that expertise and knowledge to the E&R industry.

We should not forget that at the center of any digital transformation lies the reliance on good verifiable data of known quality of multiple formats and sources. To address this fundamental need TCS has developed number of accelerators for automation of the quality verification of data, conversion of non-digital data to a digital asset and the ingestion of this data to make it usable.

By the very nature of being disruptive these technologies impacts the way work is performed. Therefore a critical success factor for a successful implementation is the change management and dealing with Human side of the business. As the old jobs gets automated or eliminated, re-training of existing workforce is as important as is being able to recruit, retain and provide a career path for the new set of employees with a different set of skills and expectations.

TCS is on the front-line of implementation of new disruptive technologies like Blockchain, Automation Intelligence, Machine Learning and Advance Analytics to unearth solutions for its clients in Energy and Resource segment. An example is the deployment of the Igneo solution in E&R industry. Igneo provides intelligent automation of complex modern IT Operations. It performs multiple activities related to Automation Intelligence, Virtual Reality, and machine learning in research facilities

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