TCS, Saipem Partner For Offshore Drilling Ops

Tata Consultancy Services (TCS) has been selected as the Strategic Partner by Saipem, a leader in services for the energy industry and infrastructure, to digitally transform its offshore drilling operations, a company statement said here today.
Marco Toninelli, COO, Saipem Offshore Drilling, talks about the Saipem-TCS collaboration to create a digital twin platform to transform operations for higher operational efficiency, safety, and sustainability.
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Experience Results: The Digital Twin platform provides an immersive, enriching virtual experience of complex operations helping drilling operators with better learning and knowledge retention, leading to improved productivity and operational efficiency.
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Marco Toninelli, COO, Saipem Offshore Drilling adds that Saipem can not only build their architecture on the platform, but also organize the training and familiarization for their people, clients and suppliers, bringing value and safety to the chain.
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Experience Leadership: Marco adds that Digital Twin is a platform on which different programs can be integrated, from the likes of predictive maintenance to smart HSE. This futuristic solution will direct Saipem towards optimizing drilling plans through simulations, which will reduce the well drilling time, carbon footprint and improve the ROI for Saipem and its customers.
Experience Partnership: TCS partnered with Saipem, leading to the co-creation of digital twin of vessels and paving the way for next generation drilling operations. TCS’ experience of building a digital twin across industries, coupled with Saipem’s expertise in offshore drilling helped forge a partnership that will transform offshore drilling operations.

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Tata Consultancy Services (TCS) Plans to Buy Deutsche Bank Technology Unit

Tata Consultancy Services (TCS), Asia’s biggest software exporter by market value, is in advanced talks to acquire a technology services unit of Deutsche Bank AG. The discussions about the Bonn-based Postbank Systems AG are expected to result in a deal with the Indian company by the end of the year.
The pandemic is accelerating moves by global banks and financial services firms to shed their captive technology centers. Tata Consultancy’s potential takeover of Postbank’s 1,400 employees will help Deutsche Bank CEO Christian Sewing get closer to his job-cuts target.
Negotiations are ongoing and could still be delayed or fall apart, the people said. Tata Consultancy, which has more than 450,000 employees across the world, in 2008 paid $505 million to acquire Citigroup Inc.’s back-office unit in what was then its biggest acquisition.
Deutsche Bank’s Sewing last year unveiled a restructuring plan centered on cutting 18,000 jobs, with about half of those expected in Germany. PB Systems generated 533 million euros ($632 million) in revenue in 2015, according to its latest available annual report. The unit provides IT services to Deutsche Bank’s formerly separate retail unit Postbank.
Deutsche Bank is currently merging Postbank’s IT with its own, which is expected to render the services provided by PB Systems obsolete by the end of next year. The plan, known internally as Project Unity, is expected to contribute the lion’s share to Sewing’s goal of cutting 1 billion euros of expenses in the German retail operations.
Deutsche Bank also recently unveiled a plan to move much of its IT into the cloud as part of a deal with Alphabet Inc.’s Google. The bank said in July it expects to sign the contract with Google “within the next few months.”
TCS which has more than 450,000 employees across the world, in 2008 paid $505 million to acquire Citigroup Inc.’s back-office unit in what was then its biggest acquisition.

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