Repsol and Microsoft have signed a strategic agreement that will allow the energy company to advance its digitalization process, and allow the software and cloud computing company to develop innovative solutions for the energy industry.
The Spanish oil major will implement cloud computing-based technology developed by Microsoft, such as the hybrid cloud platform Azure, which will allow for scalability and ubiquity in both data storage and in processes. Repsol expects to move a significant portion of its processing capacity to smart cloud platforms over the coming three years. Repsol will also adopt the Office 365 communication, collaboration and productivity solution.
The agreement will involve joint work between both companies in identifying innovative solutions for the energy industry based on cloud computing, artificial intelligence, IoT, big data, mixed reality and other technologies, the companies said in a release.
Microsoft will provide Repsol preferential access to a specialized multidisciplinary team with knowledge of the energy sector, as well as its R&D team, Microsoft Research, for work on innovative projects. Microsoft will also provide information about future developments and technology currently in beta to Repsol’s technical departments for testing and evaluation.
The agreement provides for the creation of a Digital Projects Coordination Team, which will manage the partnership between Repsol and Microsoft, promote joint initiatives between both companies and work to identify specific business scenarios. This team will also propose concept testing and prototype development in order to evaluate the practical feasibility of innovative models in customer experience, talent management, operations and the digital product and service offering, the companies said.