NEWS
GLOBAL DRILLING CONTRACTOR BORR DRILLING LEVERAGES IFS CLOUD
Christian Pedersen, IFS
I
FS, the global cloud enterprise software company, has announced international offshore drilling contractor Borr Drilling is upgrading
GARTNER PREDICTS GLOBAL IT SPENDING TO GROW 5.1% IN 2022 Global IT spending is projected to total $4.5 trillion in 2022, an increase of 5.1% from 2021, according to the latest forecast by Gartner. Despite the potential impacts of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments. “2022 is the year that the future returns for the CIO,” said John-David Lovelock, distinguished research vice president at Gartner. “They are now in a position to move beyond the critical, short term projects over the past two years and focus on the long term. Simultaneously, staff skills gaps, wage inflation and the war for talent will push CIOs to rely more on consultancies and managed service firms to pursue their digital strategies.” 6
CXO INSIGHT ME
FEBRUARY 2022
its existing IT platforms to latest IFS versions including IFS Cloud, IFS Cloud Services and IFS Success Services. Borr Drilling owns and operates 28 jack-up rigs of modern and high-specification designs providing drilling services to the offshore energy exploration and production industry worldwide. IFS Cloud will support mission-critical business processes, including enterprise asset management (EAM), onshoreoffshore data replication, supply chain management, and global financials. Comprehensive and on-demand insights into the condition of the platform is critical when drilling for oil and gas. Maintenance is also a high priority for rig owners as it is contributes to both uptime and cost savings. The IFS solution meets SOX compliance and lets its customer manage
maintenance, supply chain, and finance quicker and more efficient, connecting data across all these functions. It also features inbuilt replication between Head Office and rigs. IFS Cloud can be used onshore and offshore by all rigs and global support organisations. “IFS is a key strategic partner to Borr Drilling and we are very happy to continue our digitalisation journey with IFS’ latest products and technology,” says Kjetil Gran, IT Director at Borr Drilling. “IFS Cloud provides us with the comprehensive end-to-end functionality in a single platform that simplifies mission-critical business processes and provides the insigths we need to make key decisions. I look forward to continuing our partnership with IFS.” “Energy is a key focus industry for IFS,” said Christian Pedersen, Chief Product Officer at IFS. “We are proud to be able to support rig, FPSO and complex vessel owners with critical oil & gas industry functionality through IFS Cloud.”
Gartner forecasts that the IT services segment – which includes consulting and managed services – is expected to have the second highest spending growth in 2022, reaching $1.3 trillion, up 7.9% from 2021. Business and technology consulting spending, specifically, is expected to grow 10% in 2022. Through 2025, organisations will increase their reliance on external consultants, as the greater urgency and accelerated pace of change widen the gap between organisations’ digital business ambitions and their internal resources and capabilities, according to Gartner. “This will be particularly poignant with cloud as it serves as a key element in achieving digital ambitions and supporting hybrid work,” said Lovelock. “Gartner expects the vast majority of large organisations to use external consultants to develop their cloud strategy over the next few years.” In 2020, within the enterprise application software market, the cloud market became larger than non-cloud
market for the first time, due in part to the coronavirus pandemic. By 2025, Gartner expects it to be double the size of the non-cloud market. Cloud is responsible for nearly all of the 11% spending growth within the enterprise software segment in 2022 as organisations focus on upgrading their software stack to software-as-a-service (SaaS) to support continued flexibility and agility.
