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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IoT Business Connector

by   |    |   1 minute  |  in Aerospace & Defense, Applications 9, Asset Intensive, Automotive, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Energy and Utilities, Engineering and Infrastructure, Finance, IFS Labs, Manufacturing, Mobility, Oil & Gas, Process Manufacturing, Retail, Service Management, Supply Chain

How IFS Applications and the IoT Business Connector provide an agile, connected business environment. IFS IoT Business Connector launched At the IFS World Conference 2016, IFS’s Chief Technology Officer, Dan Matthews, announced the launch of the IFS IoT Business Connector. At the time, the Early Adopter Testing Program had just started. Now just a few…

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servitization of the field service industry

by   |    |   4 minutes  |  in Creativity & Innovation, Digital Transformation, Service Management, Strategy

The field service management landscape is changing and it’s powered by servitization. Enterprise organizations across multiple industries are embracing servitization as a natural next step in transformative business. With profit margins reducing and operating costs rising in our rapidly changing, technologically charged world, embracing new ways of doing business is a clear strategic move. Servitization…

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The servitization of the oil and gas service industry

by   |    |   5 minutes  |  in Business Agility, Business Technology, Digital Transformation, Oil & Gas, Research, Service Management, Strategy

Oil and gas organizations are embracing servitization and leveraging technology to increase profit margins and core service offerings. In general, as the macroeconomic situation takes a turn for the worse in a given industry, changes are bound to happen at a faster pace than when times were good. A new and leaner industry will certainly…

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