TotalEnergies has selected IFS Cloud, from IFS, as its unique platform for the management and maintenance of its world asset portfolio. The platform includes Enterprise Asset Management (EAM) and services within a single data model, which will allow the company to keep all its exploration, production, refined and chemical assets on a single platform
In this way, the implementation of IFS Cloud offers TotalEnergies minimizing the time of inactivity and maximizing the profitability of its assets by reducing management costs and prolonging their useful life. Once implemented, more than 13,500 users worldwide can maintain assets efficiently
“We are delighted to collaborate with one of the world’s main oil and gas companies in a critical and impact mission project to ensure the performance of its assets in the future. I am very proud that Timenergies has deposited its confidence in the deep experience of IFS in the oil and gas industry and in our innovation goal through industrial. TotalEnergies will have an agile and prepared platform for the future that will be perfectly integrated into its global operations, ”concludes Mark Moffat, IFS CEO.
TOTALENERGIES: Impact of AI on asset management
The adoption of IFS Cloud by Totalenergies is an example of how artificial intelligence and cloud solutions are transforming asset management into the energy industry. According to a Gartner report, 75% of all interactions with B2B clients are managed by CRM platforms that incorporate AI and advanced automation are expected by 2025
This trend underlines the importance of adopting advanced technologies to improve operational efficiency and strategic decision making.
The solution will complete the strategic spine of the energy giant, integrating with the global ERP of Totalenergies to boost the performance and management of its assets
Challenges and opportunities
Despite the benefits, the integration of new technologies also presents challenges. A recent Mulasesoft study reveals that 94% of those responsible for IT in Europe have difficulty integrating data between systems, which affects the precision and usefulness of AI agents
In addition, only 32% of applications are usually connected within European organizations, which limits the potential of AI to transform business processes
However, companies that manage to overcome these challenges can take advantage of a digital workforce driven by AI that acts autonomously throughout the organization. This not only improves efficiency and reduces costs, but also allows companies to respond more agilely to market demands