Mumbai (India), July 23, 2014: L&T Infotech, a global provider of information technology services and solutions and a wholly-owned subsidiary of the USD 14.3 billion Larsen & Toubro, has been named a ‘Major Player’ for providing professional services to Oil & Gas industry in the IDC MarketScape report.
The ‘IDC MarketScape: Worldwide Oil and Gas Professional Services 2014 Vendor Assessment’ report dated June 2014 (IDC Energy Insights #EI249425) analyzed and evaluated 12 professional service providers on the basis of their service capabilities, solutions and geographical presence in serving the Oil & Gas industry.
The report highlights on the “pedigree that L&T Infotech has, in particular in instrumentation, engineering, and construction, (that) will become even more useful in the future in informing IT for automation and capital project management.”
It further points out on the “successful governance approach” followed by L&T Infotech, in addition to its aim to reduce professional service costs for its oil and gas clients.
“L&T Infotech has demonstrated it works well with the industry and has developed frameworks in conjunction with its clients,” according to Ms. Jill Feblowitz, Vice President, IDC Energy Insights. “Of particular note are frameworks in digital oilfield readiness and petro-technical data management.”
“L&T Infotech aims to reduce professional service costs for its oil and gas clients, and it shows. One customer reported a savings of 3:1 through the use of managed services.”
Mr. V.K. Magapu, Managing Director, L&T Infotech, said, “Growing complexity in operations coupled with huge growth in data and analytics is transforming the Oil & Gas industry to look at digitization closely. Our solutions enable clients to have better visibility into operations for near real-time and decision-making for improved efficiency.”
The ‘IDC MarketScape: Worldwide Oil and Gas Professional Service 2014 Vendor Assessment’ report evaluates providers offering professional services to the oil and gas industry through the IDC MarketScape model. The assessment reviews both quantitative and qualitative characteristics that define current market demands and expected buyer needs for professional services.
The evaluation is based on a comprehensive and rigorous framework that assesses how each vendor stacks up to one another, and the framework highlights the key factors that are expected to be the most significant for achieving success over the short-term and the long-term. Emphasis is IT related over tax or straight strategy advisory. As the fastest-growing and largest area of investment, upstream is emphasized; midstream, refining, energy trading, and retail are also considered.
About IDC MarketScape:
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About L&T Infotech:
Larsen & Toubro Infotech Ltd. (L&T Infotech), one of the fastest growing global IT services company, is ranked by NASSCOM as the 8th largest software & services exporter from India and among the top 20 IT BPO employers in 2013. It is a wholly-owned subsidiary of USD 14.3 billion Larsen & Toubro (L&T), India’s largest technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.
L&T Infotech provides end-to-end IT solutions and services to Banking & Financial Services; Insurance; Energy & Process; Hi-tech & Consumer Electronics; Utilities, Engineering & Construction; Consumer Packaged Goods, Retail & Pharmaceuticals; Auto & Aerospace; Media & Entertainment; Healthcare; Plant Equipment & Industrial Machinery and Travel & Logistics industries.
Headquartered in Mumbai, India, L&T Infotech delivers IT-enabled business solutions to its clients, leveraging its strong domain-expertise and in-depth technology know-how, through its service lines including Testing; Mobility; Infrastructure Management Services; BI/DW; SAP; Oracle & Microsoft; Enterprise Integration; and Manufacturing Execution Systems.
L&T Infotech is differentiated by its three-pronged value proposition encompassing Business-to-IT Connect, Engage the Future and Execution Excellence.
Visit: www.Lntinfotech.com