Reimagining Enterprise Transformation: Faraz Osmany on IndianOil’s i-DRIVE Initiative

SPEAKERS

Sheikh Faraz Osmany DGM (Strategic Information Systems), Indian Oil Corporation Limited

ABOUT THE SESSION

At the Oil & Gas Automation and Digitalization Conference 2023, Faraz Osmany, a distinguished leader at Indian Oil Corporation Limited (IOCL), shared invaluable insights into the digital heartbeat of one of India’s energy giants. With over 20 years of experience across various IOCL verticals, Osmany currently leads transformative initiatives in Robotic Process Automation (RPA), Cloud Computing, AI/ML, and emerging technologies as Deputy General Manager (Strategic Information Systems) at IOCL’s Refineries HQ. His deep expertise and forward-thinking approach were on full display during his deep dive into i-DRIVE—IOCL’s pioneering enterprise-wide digital transformation program. 
 

Inside i-DRIVE: A Vision for Future-Ready Operations 
i-DRIVE (IndianOil’s Digital Readiness and IT Vision Enablement) is not just a digital project—it’s a sweeping strategy designed to modernize and elevate IOCL’s operations from the ground up. Encompassing 150+ digital initiatives across 10 business themes, i-DRIVE cuts through the silos of operations, supply chain, customer interaction, employee engagement, and vendor management, creating a connected and intelligent enterprise ecosystem. 
 

AI/ML-Powered Analytics & Cutting-Edge Tech at the Core 
The backbone of i-DRIVE lies in its integration of advanced analytics powered by AI/ML, fueling smarter, faster decisions across both operational and customer-facing functions. Faraz highlighted how these technologies help in predictive maintenance, demand forecasting, and customer behavior analysis, all of which significantly improve efficiency and user experience. 
 

But the innovation doesn’t stop there. IOCL is also deploying: 

• Robotic Process Automation (RPA) to streamline workflows 

• Augmented Reality (AR) and Virtual Reality (VR) for immersive training and remote support 

• Custom-off-the-shelf (COTS) tools to revamp and future-proof technology stacks 

Through these efforts, i-DRIVE is not only driving automation but also democratizing technology adoption across the organization. 
 

An Ecosystem Approach to Digital Maturity 
What makes i-DRIVE truly transformative is its holistic approach. Rather than isolating digital tools to single departments, IOCL’s vision ensures that employees, vendors, customers, and systems evolve together. Osmany emphasized that successful digital transformation is as much about culture and collaboration as it is about code and infrastructure. 
 

Key Topics Covered: 

• The scope and scale of IOCL’s i-DRIVE program 
• How AI/ML and analytics are revolutionizing operations 
• RPA, AR/VR, and COTS tools in IOCL’s transformation journey 
• Building a digital ecosystem across 10 business themes 
• Lessons learned and future plans from India’s largest energy enterprise 

For more on this conference or to access the session, reach out to us at info@ptnevents.com. 

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