Digital Transformation – i-DRIVE at Indian Oil Corporation Limited
Senior Manager at Indian Oil Corp Limited
At the Oil & Gas Automation and Digitalization Conference 2023, Faraz Osmany shared actionable insights from IOCL’s digital transformation initiative, i-DRIVE. His diverse background across various IOCL verticals reflects his commitment to embracing technology, fostering integration, innovation, and efficiency. As a trailblazer in emerging technologies, Faraz Osmany continues to shape the oil and gas industry’s future through his transformative work at IOCL.
The winds of digital transformation are sweeping through the corridors of Indian Oil Corporation Limited (IOCL), propelled by an ambitious initiative known as i-DRIVE – IndianOil’s Digital Readiness and IT Vision Enablement. This remarkable journey of digital transformation is not just a project; it’s a testament to IOCL’s commitment to redefining enterprise-level operations with technology. Spanning a multitude of business themes, i-DRIVE has taken flight with more than 150 initiatives, revolutionizing the way IOCL operates across various aspects of its business.
At the heart of i-DRIVE is a multifaceted strategy that touches every facet of IOCL’s operations. From enhancing customer experiences to optimizing supply chain logistics, the initiative spans 10 distinct business themes. These themes serve as the guiding stars, directing i-DRIVE towards transformational outcomes. With a keen focus on customers, operations, supply chain projects, employees, and vendors, i-DRIVE encapsulates the entire spectrum of IOCL’s interactions, ensuring a holistic digital evolution. Underpinning i-DRIVE’s success is its sophisticated utilization of advanced analytics powered by AI/ML. This combination of cutting-edge technologies serves as the driving force behind core operations and customer-facing endeavors. But i-DRIVE doesn’t stop at analytics; it embraces the forefront of emerging technologies. Robotic process automation streamlines and optimizes processes, augmented reality and virtual reality immerse employees in enhanced training experiences, and custom-off-the-shelf tools reinvigorate technology stacks across departments.
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