Norwegian energy giant Equinor picks TCS for data democratization, analytics solution deployments

Norwegian energy giant Equinor picks TCS for data democratization, analytics solution deployments
Photo Credit: Reuters
28 Oct, 2020

Stavanger, Norway based  energy company Equinor has on boarded Indian information technology (IT) services giant Tata Consultancy Services (TCS) to accelerate its digital transformation journey.

TCS said that it will leverage its deep domain knowledge in the energy sector to help with data democratization across Equinor’s core operations through the usage of machine learning and advanced analytics.

Initially, Mumbai based TCS will  focus on providing Equinor’s teams with datasets for their subsurface data lakes.  These datasets, according to TCS, will act as a single source of truth for all subsurface data within Equinor and will help in areas such as exploration, field development and operations to ultimately help with hydrocarbon recovery rates and reduced extraction costs in mining.

Read: TCS resumes salary hikes, announces Rs. 16,000 crore share buyback 

TCS will also help Equinor utilise data in the areas of safety, security and sustainability through correlating and collating different safety reports and datasets to predict and prevent incidents, according to a statement. 

TCS DATOM (data and analytics operating model) framework will be used to assess data maturity levels, identify gaps and develop roadmaps to simplify operating models.  The framework would also come in handy in setting up data governance models and to build technology architectures for Equinor.

Additionally, TCS will also deploy its location independent agile model to help with innovative ways to enhance speed to market and help align outcomes with business objectives.

Equinor currently serves in the oil, gas, wind and solar energy sector in more than 30 countries, with close to 21,000 employees.

In early October, TCS had announced that it had launched 10 new threat management centres across the globe to provide cyber security services to its enterprise customers.

The 10 centres, spread across Bloomington in the United States, Manchester in the United Kingdom, Madrid in Spain, and certain unnamed Indian cities, were operationalised over a span of four months.

The hubs’ cyber security and services include managed detection and response services, incident management and breach support, on-demand cyber vigilance services, digital forensics and regulatory compliance.