“ The growth of cyber attacks on the industry , especially in the US , is evidence of how energy is becoming a weapon ”
Q . WHAT IS IFS ' GOAL FOR 2023 , WHAT TRANSFORMATIONS ARE YOU CURRENTLY GOING THROUGH ?
» IFS is going through huge transformational changes , both organically as we build our solutions and add new capabilities , and inorganically , through strategic acquisitions . The goal and vision in the energy sector is to support organisations ’ goals for asset management and infrastructure , bleeding out on the ERP side .
We support asset-heavy industries , with energy being one of those . Some competitors see it all through a CRM lens , but others will start from the ERP side , before adding in asset management . We start from asset management , making it easier to procure through supply chain management and project management , and to maintain and manage the asset lifecycle . Now we ’ re moving into predictive asset maintenance and management , radiating out to support the ERP functions and field service .
We deploy a lens in which we see how everything revolves around the asset , at the back of which is the customer . That ’ s critical .
Q . YOU TALK ABOUT THE ENERGY SECTOR ’ S IMPENDING DOOMSDAY , DO YOU MIND ELABORATING ?
» The Doomsday Clock was created by atomic scientists and marks the manmade threats to humanity , primarily nuclear war , but now climate change has now been added to the list .
The energy sector obviously has a big role to play in taking us away from the midnight point at which catastrophe strikes . Climate change is certainly a huge focus for utilities , which IFS fully recognises - utilities and energy , including oil and gas , contribute about 25 % of the overall carbon production on earth . So , this is a key area for us , and we have the solutions to help tackle these
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