The Company’s long-term digital technology-led transformation to drive value creation across the enterprise with the goal of becoming Agile, Intelligent & Insightful and a global leader in steel industry leveraging digital for Industry 4.0 ~
CIO100 award winners represent the crème de la crème of enterprise IT leaders in India ~
Mumbai/Jamshedpur, September 20, 2019: Tata Steel’s digital initiatives have been honoured with the ‘Business Transformer’ award at the 14th edition of CIO100 India Symposium & Awards Ceremony held in Pune.
Considered as the ‘Oscars of the IT industry’, CIO100 awards are the most sought-after recognition and its winners represent the crème de la crème of enterprise IT leaders in India. This year’s award theme – The Disruptive 100 – recognises CIOs and their organisations who have embraced new technologies and have changed the way their business functions through the innovative use of IT.
Mr. Jayanta Banerjee, Group Chief Information Officer, Tata Steel, said: “Tata Steel has embarked on the long-term digital technology-led business transformation journey to drive value creation across the enterprise with the goal of becoming Agile, Intelligent & Insightful. The intended EBIDTA impact is to the tune of $2bn over 3-4 years. We will continue to work towards achieving the highest level of operational excellence in the context of connected workforce, connected assets and connected operations.”
Tata Steel’s long-term digital technology-led business transformation is enabled by a multi-layer IT & Digital strategy framework that would make the enterprise business decisions based on insights rather than instincts. A 6x increase in Connectivity, around 80% multi-cloud footprint, a 10x increase in event analysis capability for enhanced cyber security (covering IT & OT) form the foundation of this agile enterprise.
Smart & soft sensors, integrated applications, ERP and MES are feeding into a Data Office, enabled through Data Virtualisation & Orchestration technologies, which cumulatively leads to enterprise-wide single version of truth and enables enterprise intelligence. Advanced Analytics & AI solutions feed off the Data Office to learn fast & at scale, reason with purpose and interact naturally with humans. The final layer of visualisation is enabling frictionless consumption of insights aiding in near real-time decision making.Tata Steel is also undertaking various business transformation initiatives in the domains of – Integrated Supply Chain & Logistics, Connected Mining, Smart Asset Maintenance, Customer-facing digital platforms, Smart Closure of Financial Accounts, Smart Procurement and Energy Management.
Such organisation-wide programmes are being driven by cross-functional teams from across various verticals, augmented by a partner ecosystem comprising best-in-class technology & consulting partners as well as Deep Technology Start-ups. Re-skilling and up-skilling of employees is also being undertaken consistently to ensure a sustainable transformation.The overall strategy is revisited from time to time to ensure alignment with the overall Strategic Objectives of the organisation, through multi-tiered governance process.Mr. Banerjee accepted the award at the grand gala event held in Pune earlier this month.Instituted by CIO magazine in the United States over 3 decades ago, it has now become the benchmark for excellence in IT around the world. Based on a different theme each year, it aims to reward innovation, initiative and ingenuity.