French energy firm Total announced plans Monday to open a new facility in Paris that will advance the company’s use of digital solutions in its operations. The Digital Factory will house some 300 developers, data scientists, and other professionals to develop new digital tools that can be used across the company’s businesses.
“I am convinced that digital technology is a critical driver for achieving our excellence objectives across all of Total’s business segments. Total’s Digital Factory will serve as an accelerator, allowing the group to systematically deploy customized digital solutions,” Total Chief Executive Officer and Chairman Patrick Pouyanné, said in a statement. “Artificial intelligence (AI), the Internet of Things (IoT), and 5G are revolutionizing our industrial practices, and we will have the know-how in Paris to integrate them in our businesses as early as possible.”
Technology development will focus on a wide range of solutions, including technology to manage and control energy consumption and reduce its environmental impact. The company said it is aiming to create $1.5 billion in value per year with its digital efforts through new revenue and lowering its operating or investment costs.
Total’s Chief Digital Officer Frédéric Gimenez will serve as the project manager of the 5500-sq-m Digital Factory and lead teams of specialists, developers and researchers at the site.
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