ENERGY & UTILITIESOIL & GAS

How IndianOil Corporation Ltd. is Automating Processes Using RPA

IndianOil to speed innovation by automating multiple business processes over the next year, using Automation Anywhere's platform.

India, Bangalore – Sept 22, 2021Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced a collaboration with IndianOil Corporation Limited (IOCL), the first oil marketing company in India to speed and scale automation to drive increased innovation across its 30,000 employee organization.

During the first phase of a five-year plan, IOCL has automated select key processes across departments including Finance, HR, Inventory, etc. 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, IndianOil leveraged the collective intellect of the organization and organized an enterprise-wide RPA botathon event where hundreds of employees and citizen developers were tasked to create automation assistants that could unlock innovation.

IndianOil Digital Transformation Program

 

IndianOil Corporation Limited (IOCL) is India’s largest refining & marketing company and a Fortune “Global 500” company engaged in the business of refining, transportation and marketing of Petroleum products. Under the ambit of its digital transformation program, Project i-DRIVE (IndianOil’s Digital Readiness and IT Vision Enablement), IndianOil is implementing hundreds of digital solutions across advanced analytics, emerging technology platforms and custom tools and solutions.

“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 organization and streamline repeatable tasks.

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

Automation Anywhere is a global leader in Robotic Process Automation (RPA), empowering customers to automate end-to-end business processes with intelligent software bots – AI-powered digital workers that perform repetitive and manual tasks, resulting in dramatic productivity gains, optimized customer experience and more engaged employees. The company offers the world’s only cloud-native and web-based automation platform combining RPA, artificial intelligence, machine learning and analytics, yielding significantly lower TCO, higher security, and faster scalability than legacy monolithic platforms. Its Bot Store is the world’s first marketplace with more than 1,200 pre-built, intelligent automation solutions. Automation Anywhere has deployed nearly 3 million bots to support some of the world’s largest enterprises across all industries in more than 90 countries.


RELATED STORY

Bharat Petroleum Selects Salesforce Cloud CRM Solutions for a Single View of Customers

Brian Pereira

Brian Pereira is an Indian journalist and editor based in Mumbai. He is Editor-in-Chief of Digital Creed, which he founded in 2015. A technology buff, former computer instructor, and software developer, Brian has 27 years of journalism experience (since 1994). He is sound and confident about his knowledge of business technology concepts. And he is a believer in continual education/learning. Brian is the former Editor of CHIP and InformationWeek magazines (India). He has written hundreds of technology articles for India's leading newspaper groups such as The Times of India and Indian Express Newspapers (among others). And he has conducted more than 300 industry interviews during his journalism career. Brian also writes on Aviation, cybersecurity, startups, and topics directed at small and medium businesses. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. Follow Brian on Twitter (@creed_digital) and LinkedIn.
Back to top button