How the manufacturing industry is using technology to increase efficiency

by   |    |   3 minutes  |  in Manufacturing

Manufacturers are looking to Smart Manufacturing (US term) and Industry 4.0 (European term) to embrace the benefits of digital technology. Smart Manufacturing/Industry 4.0 is now a common term that has been used over the past few years which covers all the latest digital technology that is now available to the manufacturing world. Therefore, as an…

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Expert advice on how oil and gas companies can increase efficiency

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Digital Transformation, Oil & Gas, Research, Strategy

In the oil and gas industry, efficiency has, and always will be at the forefront of what asset owners and operators focus on. However, this always has to be done in a way that does not increase risk, which based on events over the past few years has not always been the case. One of…

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How businesses truly feel about digital change & transformation

by   |    |   2 minutes  |  in Automotive, Aviation & Defense, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Engineering and Infrastructure, Manufacturing, Mobility, Oil & Gas, Research, Service Management, Strategy

Digital transformation can mean different things to different people, making it difficult to know when you have achieved it. However, the answer to this conundrum is that you will never achieve it since it’s constantly evolving. To see what companies are thinking about today in regards to digital transformation and how it is currently being…

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Gartner names a Leader in the FrontRunners quadrant for Manufacturing Software

by   |    |   2 minutes  |  in Applications 9, Business Technology, Creativity & Innovation, Manufacturing, Process Manufacturing

Why IFS was named a Leader in the FrontRunners quadrant for Manufacturing Software. It was a great honor to be named as a Leader in the FrontRunners quadrant for Manufacturing Software and is something that I am very proud about. Manufacturing is one of our focused industries and to get this acknowledgment is a testament…

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Why servitization is something your manufacturing business needs to consider

by   |    |   2 minutes  |  in Business Agility, Digital Transformation, Manufacturing, Process Manufacturing, Strategy

You may think that servitization will never apply to your business, but there’s a reason why it’s occurring across many different sub-segments. If you are a manufacturer, then you may have already heard the term “servitization” and ticked it off on your buzzword bingo sheet and moved on with your normal days’ work. If you…

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Data scientists: the who, why and how

by   |    |   5 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Manufacturing, Research, Strategy

Not enough is currently being done to create and nurture the talents required to create a pool of data scientists. As manufacturing becomes increasingly digitized, the need for well-trained, capable data scientists will only increase. As an industry, manufacturing has come a long way in embracing new technologies such as big data, the internet of…

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manufacturing industry predictions

by   |    |   7 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Process Manufacturing, Strategy

Bridging the skills gap and boosting services will be top priorities for manufacturers in 2017. And IoT? Today, 50% of the costs of IoT projects go on integration. 2017 will see many manufacturers realizing they already have IoT solutions—now they need to integrate them better to leverage the full benefits. Antony Bourne, IFS Global Industry…

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Industry 4.0

by   |    |   4 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Process Manufacturing, Strategy

While Industry 4.0 does revolve around intelligence gathered from a number of places, it spans more than just IoT. Over the past 10 years, 70% of companies on the Fortune 1000 list have vanished. Although this statistic may invoke fear, what it should do is demonstrate the importance of capitalizing on change instead of fearing…

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by   |    |   3 minutes  |  in Creativity & Innovation, Manufacturing, Process Manufacturing, Strategy

Servitization offers a viable method of boosting growth for manufacturers’ businesses and the industrial sector overall. The UK is currently the 11th largest manufacturing nation in the world and the sector has increased by 1.4% a year since 1948. However, industrial manufacturing is a highly competitive industry and those working in the sector are constantly…

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