Total Plans Digital Hub to Create $1.5 Billion in Value Per Year by 2025
October 18 2019 - 2:53AM
Dow Jones News
By Cristina Roca
Total SA (FP.FR) said Friday that it is speeding up its digital
transformation, and set a target of generating up to $1.5 billion
in revenue and reduced costs per year by 2025.
The French energy major said it will open a digital factory in
Paris early next year. Up to 300 developers, data scientists and
other specialists will work to develop digital solutions for
Total.
"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," said Chairman and Chief Executive Patrick
Pouyanne.
Total's digital factory plans follows the signing of
partnerships with Alphabet Inc.'s (GOOGL) Google and Tata
Consultancy Services Ltd. (532540.BY), Total said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
October 18, 2019 02:38 ET (06:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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