evolution of IoT

by   |    |   4 minutes  |  in Asset Intensive, Automotive, Aviation & Defense, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Energy and Utilities, Engineering and Infrastructure, IFS Labs, Manufacturing, Mobility, Oil & Gas, Process Manufacturing, Retail, Service Management, Strategy, Supply Chain

A look at the evolution of IoT and how businesses have used, are using and will be using it to their advantage. The notion of Smart Manufacturing or Industry 4.0 became a popular topic after the international CeBIT fair of 2011, a mere six years ago but a lifetime in terms of technology maturation. By…

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6 business benefits of Blockchain

by   |    |   4 minutes  |  in Business Technology, Finance, Strategy

Blockchain was born to provide legitimacy to its Bitcoin master after the financial cataclysm of 2008. At its heart is a rebellious disdain for central authoritative control, offering instead a decentralized network of self-compliance and regulation. But the servant has become the master, offering business benefits not envisaged during its conception. In fact, it’s nothing…

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Servitization in the commercial aviation and defense industry

by   |    |   5 minutes  |  in Aviation & Defense, Digital Transformation, Research, Strategy

How servitization has affected change in the industry and what’s next for businesses. Tim Baines of Aston Business School will tell you that Rolls-Royce was one of the first to do it, with their ingenious “Power by the Hour” program. But what exactly is “it” that they are doing? Probably best known as performance-based logistics…

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IoT Business Connector

by   |    |   1 minute  |  in Applications 9, Asset Intensive, Automotive, Aviation & Defense, 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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preventative maintenance software

by   |    |   5 minutes  |  in Business Agility, Business Technology, Digital Transformation, Mobility, Service Management

Every business and industry love using abbreviations and acronyms. Some are more memorable than others are, and there is one I was told early in my career that has stuck with me: the five Ps. The 5 Ps: Proper Preparation Prevents Poor Performance Writing these words instantly takes me back to a time when management…

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Q&A with Stefan Issing: How automotive companies are managing IoT

by   |    |   6 minutes  |  in Automotive, Business Technology, Events, Strategy

Stefan Issing, Global Automotive Industry Director at IFS, answers questions from Automotive Industry Magazine on “ERP systems in IoT environments” while attending CeBIT 2017. The Internet of Things (IoT) and the complete digitalization of economic sectors create a ton of so-called “big data,” but this huge amount of data must be analyzed. One of the…

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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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offshore maintenance

by   |    |   1 minute  |  in Asset Intensive, Business Technology, Oil & Gas, Strategy

What is it really about? Getting on the bandwagon or actually optimizing operational performance? Asset performance management (APM) has become a popular buzzword for anything that helps asset-intensive organizations to get the most value out of their costly equipment investments. To enable an APM strategy, you really need to understand your underlying cost structures and…

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4 reasons you might be avoiding IoT-themed blogs like this one

by   |    |   6 minutes  |  in Applications 9, Asset Intensive, Automotive, Aviation & Defense, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Energy and Utilities, Engineering and Infrastructure, IFS Labs, Manufacturing, Mobility, Oil & Gas, Process Manufacturing, Research, Retail, Service Management, Supply Chain

With so much information about IoT out there, you may feel reluctant about reading this blog post – but don’t. This is one you’ll be happy you read. Do you remember where you were or what you were doing the first time the term ‘Internet of Things’ caught your attention? I do. I was sitting…

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