Black Cat Engg ties up with TCS for digital transformation

TCS will help the oil and gas company to leverage next-generation technologies to differentiate itself and gain a competitive edge.

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, on Thursday (12 March) said it has been selected by Black Cat Engineering & Construction (BCEC), Qatar's largest EPC and maintenance contractor for the upstream oil and gas industry, as the strategic partner to drive the latter's digital transformation and co-innovation strategy.

As part of the digital transformation, TCS is enabling BCEC to reimagine its end-to-end business processes from tendering to construction, incorporating EPC industry best practices, to design and implement an agile and intelligent multifunctional and multiservice solution on Oracle Cloud ERP. The seamless enterprise-wide system integrates multiple disparate business functions and eliminates data duplication and redundancy.

The new cloud-based platform leverages Al, advanced analytics and predictive capabilities to help BCEC improve decision-making around its capital investment and vendor selection, reduce costs per invoice,shorten delivery cycle time, and enhance HR data analysis and reporting capabilities with greater control and traceability. The significantly higher level of automation will drive up productivity, allowing employees to focus on more strategic and innovative work.

Additionally, as BCEC's co-innovation partner, TCS created an AI-powered solution for the procurement department that uses a combination of deep learning models to automatically raise purchase requisitions by reading and processing data from complex process and instrumentation diagrams and piping classes.

TCS' consolidated net profit rose 0.94% to Rs 8,118 crore on 2.25% rise in net sales to Rs 39,854 crore in Q3 December 2019 over Q2 September 2019.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for the last fifty years.

Shares of TCS tanked 8.93% to Rs 1,779.95. The stock hit 52-week low at Rs 1,915.10 during intraday trade.

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