Proving the Business Case for the Internet of Things

IFS and Marsden bring IoT to oil and gas sector

William Payne
March 1, 2017
Swedish ERP and enterprise asset specialist IFS is collaborating with US upstream oil and gas technology specialist Marsden Group. The two companies aim to leverage IFS's IoT business connector with Marsden's discovery environment.
The integration of the two companies' technologies is designed to make possible IoT data discovery, machine learning and analytics.
"We are excited to announce our partnership with the Marsden Group, which is a highly visible and well-respected brand in the oil and gas sector," said Hege Wroldsen, IFS global industry director for oil and gas. "The Marsden Group brings long and deep industry experience, which is evident in the comprehensive nature of its IoT offering. Together, we will be able to offer a solution that de-risks and accelerates IoT initiatives."
According to IFS and Marsden, the integration allows oil and gas companies to monitor, capture, and analyse IoT data. Maintenance and supply chain management action and decision making are improved through the integration, they claim.
"By working together, we will be able to bring to market a comprehensive solution based on industry best practices,” said Marsden Group president Andrew Pratt. “This means empowering customers with the right data at the right time in order to trigger the right action. For the asset-intensive oil and gas sector, IoT brings invaluable benefits in areas such as predictive maintenance and supply chain management. We look forward to a long and mutually beneficial partnership with IFS."