Stockholm headquartered construction and development company Skanska has signed on Tata Consultancy Services (TCS) as a strategic partner to develop advanced digital capabilities.
As part of the multi-year collaboration, the Mumbai-based IT services major will deploy its Machine First Delivery Model (MFDM) framework to streamline Skanska’s journey to the cloud, a statement said on Tuesday.
MFDM leverages automation, analytics, robotics and artificial intelligence to help enterprises achieve their business outcomes faster, with reduced risk. It transforms business process activities into intelligent process by giving technology the first right of refusal in the performance of tasks.
TCS will also help the company shift to a more proactive IT model, driven by automated processes such as chatbots for support services, it said.
The Indian IT services company will also manage the construction giant’s Oracle Cloud applications across finance, projects, procurement, supply chain, human capital management and analytics planning.
The entire effort is expected help Skanska become one of the most digitally advanced companies in the construction industry and free its IT staff for more sophisticated value-adding tasks, the statement said.
“In TCS, we have found a partner that understands our business and corporate values,” Per Boström, CIO at Skanksa, said.
“Thanks to TCS’ deep domain knowledge of the engineering, procurement and construction (EPC) industry, digital thought leadership alongside its best-in-class capabilities on Oracle Cloud platform, they will be an essential partner in supporting us while we continue our journey to the cloud and overall digital transformation,” he said.
This comes as another major win for TCS in Sweden, where the IT firm has developed digital capabilities for some very large organisations over the past 30 years.
In September 2020, the company expanded its partnership with grocery retail chain Coop Sweden to develop a new digital core as part of the FMCG company’s business transformation initiatives.
“Progressive companies in the construction industry are prioritising investments in capabilities that enhance their adaptability and resilience and help them deliver superior customer experiences,” Avinash Limaye, regional head of TCS Scandinavia, said in the statement.
“This partnership with Skanska marks a new area of growth for TCS in the Nordics. Using our global expertise in the EPC industry and expertise in digital technologies, we will ensure Skanska achieves its long-term strategic objectives,” he added.