Indian Oil Corporation collaborates with Automation Anywhere
OIL & GAS

Indian Oil Corporation collaborates with Automation Anywhere

Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced a collaboration with Indian Oil Corporation Limited (IOCL), the first oil marketing company in India to speed and scale automation to drive increased innovation across its 30,000 employee organisation.

During the first phase of a five-year plan, IOCL has automated select key processes across departments including Finance, HR, Inventory using Automation 360, the world's first AI-powered RPA platform.

IOCL’s overall vision is to improve operating agility, connect disparate systems, and at the same time, empower employees to work more efficiently by allowing them to create solutions which help them move away from tactical and mundane repetitive tasks and ultimately focus on delivering more compelling products to market. To accomplish this, Indian Oil leveraged the collective intellect of the organisation and organised an enterprise-wide RPA botathon event where hundreds of employees and citizen developers were tasked to create automation assistants that could unlock innovation.

"We have crowdsourced 50+ ideas through an enterprise-wide 'RPA Botathon' event that saw enthusiastic participation from hundreds of Indian Oil employees across businesses and functions. Participants trained to build bots on Automation Anywhere's cutting-edge platform developed multiple bots by the end of this exercise. As a result, we now have a trained pool of resources capable of converting an idea into a bot", said Alok Khanna, Executive Director (SIS & IS), who is leading the digital transformation team of IndianOil.

“Energy companies grapple with legacy systems, multiple data sources and manual, repetitive processes that get in the way of driving speed and impact,” said Milan Sheth, executive vice president, IMEA at Automation Anywhere. "With our trusted automation platform, we look forward to collaborating with IOCL to unleash automation capabilities across their entire organisation and streamline repeatable tasks.

"This is just the beginning. We will continue to strive for innovation and digitalisation and strengthen our leadership across the industry", said S M Vaidya, Chairman-IndianOil, who has personally been shaping IndianOil's Digital ambition. According to Vaidya, "If we do not go digital, we would not stay relevant in the business".

Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced a collaboration with Indian Oil Corporation Limited (IOCL), the first oil marketing company in India to speed and scale automation to drive increased innovation across its 30,000 employee organisation. During the first phase of a five-year plan, IOCL has automated select key processes across departments including Finance, HR, Inventory using Automation 360, the world's first AI-powered RPA platform. IOCL’s overall vision is to improve operating agility, connect disparate systems, and at the same time, empower employees to work more efficiently by allowing them to create solutions which help them move away from tactical and mundane repetitive tasks and ultimately focus on delivering more compelling products to market. To accomplish this, Indian Oil leveraged the collective intellect of the organisation and organised an enterprise-wide RPA botathon event where hundreds of employees and citizen developers were tasked to create automation assistants that could unlock innovation. We have crowdsourced 50+ ideas through an enterprise-wide 'RPA Botathon' event that saw enthusiastic participation from hundreds of Indian Oil employees across businesses and functions. Participants trained to build bots on Automation Anywhere's cutting-edge platform developed multiple bots by the end of this exercise. As a result, we now have a trained pool of resources capable of converting an idea into a bot, said Alok Khanna, Executive Director (SIS & IS), who is leading the digital transformation team of IndianOil. “Energy companies grapple with legacy systems, multiple data sources and manual, repetitive processes that get in the way of driving speed and impact,” said Milan Sheth, executive vice president, IMEA at Automation Anywhere. With our trusted automation platform, we look forward to collaborating with IOCL to unleash automation capabilities across their entire organisation and streamline repeatable tasks. This is just the beginning. We will continue to strive for innovation and digitalisation and strengthen our leadership across the industry, said S M Vaidya, Chairman-IndianOil, who has personally been shaping IndianOil's Digital ambition. According to Vaidya, If we do not go digital, we would not stay relevant in the business.

Next Story
Resources

IRB Infrastructure Trust to offer 5 of its matured Highway Assets

IRB Infrastructure Trust, the Private InvIT, an associate of IRB Infrastructure Developers, India’s leading multinational transport infrastructure developer in the roads and highways sector, has announced a non-binding offer to transfer five matured highway assets to the IRB InvIT Fund, a publicly listed InvIT platform. The proposed transfer is subject to, amongst others, execution of definitive documents and the receipt of necessary approvals.Commenting on the development, Virendra Mhaiskar, Chairman and Managing Director of the Sponsors, said, “This transfer is a key step in our bid, exe..

Next Story
Infrastructure Urban

US oil industry urges Trump to ditch Biden climate policies

The U.S. oil and gas industry called on President-elect Donald Trump to scrap many of President Joe Biden's policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security. The American Petroleum Institute (API), the nation's top oil and gas trade group, urged Trump's incoming administration to do away with vehicle emissions standards meant to move the auto industry to produce more electric vehicles, lift a pause on export permits for liquefied natural gas facilities and work with Congress to repeal a fee on methane emissions from drilling oper..

Next Story
Infrastructure Energy

Oil trims losses on tight near-term supply

Oil prices edged up on signs of near-term supply tightness but remained near their lowest in two weeks a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025.Brent futures rose 13 cents or 0.18% to $72.02 a barrel by 0205 GMT, and U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.19 % , to $68.25. "Crude oil prices edged higher as tightness in the physical market offset bearish sentiment on demand. Buyers in the physical market have been particularly active, with any available cargoes being snapped up quickly," ANZ analysts said in a note. B..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000