Tata Steel's Digital initiatives honoured as ‘Business Transformer’ at the 14th Annual CIO100 Awards
~ 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 ~
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.
About Tata Steel
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum (MnTPA). It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US $22.67 billion in the financial year ending March 31, 2019. In 2018, Tata Steel acquired Bhushan Steel Ltd (now renamed as Tata Steel BSL Ltd).
A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.
Tata Steel retained the ‘Global Steel Industry Leader’ position in the DJSI 2018. The Company has been recognised as the Climate Disclosure Leader in ‘Steel category’ by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel has won several awards including the Lighthouse recognition for its Kalinganagar Plant – a first in India, Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, ‘GreenPro’ certification for products (Tata Pravesh Steel Doors, Tata Structura, Tata Pipes) by CII, Authorized Economic Operator (AEO) status (Tier 2) by the Directorate of International Customs (Ministry of Finance, Govt. of India), ‘Corporate Strategy Award’ by Mint (2018), Golden Peacock Award for Risk Management (2018) and Best Risk Management Framework & Systems Award (2019) by CNBC TV18. The Company also received the ‘Most Ethical Company’ award from Ethisphere Institute for the eight time (2019), Steel Sustainability Champion (2018) by the World Steel Association, Dun & Bradstreet Corporate Awards (2019), Golden Peacock HR Excellence Award by Institute of Directors (2018), ‘Best Companies To Work For’ recognition by Business Today, 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), among several others.
In 2018, the Company launched a corporate brand campaign #WeAlsoMakeTomorrow. www.wealsomaketomorrow.com
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