Energy companies must ensure net zero goals are met while running efficient operations. This requires a transformation of business models to achieve best-in-class customer service, ensure smart asset management, and optimize workforce and resources.
Sub-industries
Mills and Mining
Improving asset reliability and performance remains a key focus for mills and mines.This requires an end-to-end solution supporting the entire asset lifecycle through feasibility, construction, operation, and maintenance.
Oil and Gas
Oil and gas companies must chart out new paths through diversification, and technology has a strong role to play in this transformation. Optimize your assets and resources and gain better control of projects globally.
Power Generation
Power generation companies are diversifying and investing in renewable energy to meet sustainability requirements. With the proliferation of distributed energy resources (DERs), the energy market is more distributed than ever before. This introduces fresh challenges, driving companies to embrace new business models.
Transmission and Distribution
Today’s customers want reliable and exceptional service at their fingertips. This requires organizations to make the most of their resources—ensuring optimum uptime, connected assets, and well-planned and well-executed projects.
Water and Wastewater
To deliver exceptional customer service and improve operational efficiencies, water and wastewater organizations require the capabilities to plan new network and infrastructure investments, ensure the resiliency of supply through optimal performance of existing above - and below-ground assets, and manage the workforce.
84%
of Energy & Utilities companies agree that real time data is critical to success of AI bringing value.
Related assets
IFS Global Utilities Survey 2024
IFS surveyed over 800 C-level executives from utilities across Europe, North America, the Middle East, and Australia to explore the current state, drivers, inhibitors and future outlook of the utilities industry as they progress on their digital transformation journey.
Digital transformation of your energy & utilities business with IFS Cloud
IFS Cloud helps you navigate the many challenges within the energy sector and meet industry regulations and demands. Watch this video to learn how you can enable smart asset management and optimize a connected workforce with an industry-focused solution, in order to keep ahead of the curve and achieve business success.
IFS Ranked #1 in the Gartner®️ Market Share for Enterprise Asset Management 2023
IFS has been ranked as #1 in the Gartner®️ Market Share: All Software Markets, Worldwide, 2023 in the Enterprise Asset Management (EAM) segment by Revenue for the third consecutive year, with a 20.3% share and 36.4% year over year growth.
Solutions and capabilities
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EAM energy softwareEAM energy software is an enterprise asset management solution used by energy and utilities companies to help them maximize efficiencies through streamlined operations. Energy project and asset management software is often required to assimilate large volumes of data to provide relevant reporting and analytics. This data can be related to assets such as equipment, machinery and vehicles, human and material resources, inventory, maintenance, documentation and a lot more.
IFS offers EAM software for the energy, utilities and resources industry, encouraging digital transformation and empowering businesses to remain ahead of their competitors. Our energy project management software will also help you optimize and streamline your operations allowing you to focus on business growth and expansion.
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Energy ERP software
Energy companies have very complex demands and often need to comply with numerous regulations. This is why having access to good ERP software is a must for energy companies.
Further, as demand increases for energy related products and services, the need to manage the additional workload and processes efficiently also grows. ERP business management systems and tools can use their inherent business intelligence to manage all business operations like purchasing, inventory management, financial resourcing, project management, data management, cost control and asset management.
IFS Energy ERP software helps them to increase their productivity, improve efficiencies within the workplace and manage their supply chains effectively. -
Upstream oil and gas
All upstream operators strive to be execution-driven, to get oil and gas out of the ground and to market efficiently and profitably. More so, E&Ps are looking for ways to leverage technology and automation to enhance productivity both in the field and back office, maximize asset value and performance, and lower operating expenses.
IFS Energy and Resources software helps upstream operators connect asset performance to profitability while simultaneously building a competitive advantage.