The heightened automation delivered in the release will require fewer human inputs, allowing employees to focus on high-value activities as well as reduce the risk of human errors.

Borr Drilling, according to IFS, owns and operates 28 jack-up rigs of modern and high-specification designs that provide drilling services to the offshore energy exploration and production industry across the world.

Constance Minc, commented: “The 2021 results are very important because they cement IFS’s impressive performance trajectory with another year of double-digit software revenue growth while continuing to expand our margins.”

With clients achieving faster time-to-value thanks to IFS Cloud’s better deployment capabilities and more partners using IFS solutions, software revenue now accounts for 72 percent of IFS’s overall revenue, up 17 percent year over year.

New APIs that connect industrial machines with IFS Cloud are now available, resulting in a connected shopfloor that provides real-time intelligence to help firms better manage their supply chain and production in line with demand.