by   |    |   3 minutes  |  in Applications 9, Asset Intensive, Business Technology, Creativity & Innovation, Strategy

An enterprise asset solution will always be a constituent part of an APM strategy— the key is ensuring it sits at the heart of that vision, not in some peripheral position. According to Gartner, “APM encompasses the capabilities of data capture, integration, visualization and analytics tied together for the explicit purpose of improving the reliability…

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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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Prepare to surf a business skills revolution

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Strategy

Prepare to surf a business skills wave to benefit from IoT. Digitization, big data and the Internet of Things (IoT) are creating a big wave of change. However, businesses should be considering their investment in skills and training alongside their investment in technology to maximize the benefits this digital revolution can bring. With technology conducting…

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Damiano Molfetta, the Sauber F1 Team’s Head of Systems Engineering

by   |    |   8 minutes  |  in Business Agility, Business Technology, Creativity & Innovation

Formula 1: The importance of getting the right data at the right time. Followers of this blog will have seen at IFS we’re hot on the topic of the Internet of Things (IoT), and that earlier this year, we announced that IFS is a Principal Partner of the Sauber F1® Team. So in light of…

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Predictive Maintenance in Oil & Gas

by   |    |   4 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Oil & Gas, Research

When hype meets reality – that’s when we all need to listen! Working in the software industry, you are constantly challenged to innovate and look into digital opportunities. On one side, there is the hype and on the other, you have your customers asking you to develop. When customer demand intersects with hype, that’s when…

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Supporting next-generation manufacturing with IoT

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

NEC integrates Internet of Things (IoT) capabilities with its Manufacturing Execution System (MES) extension for IFS Applications. Guest Author: Stefan Gustafsson, Managing Director, Japan and South Korea Stefan has more than 20 years of experience with business development, partner strategies, marketing and sales. He has worked with multi-national companies in United States, Europe and Japan, both…

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A&D blog post image

by   |    |   4 minutes  |  in Aviation & Defense, Business Technology, Creativity & Innovation, Digital Transformation

Digital transformation is no longer just a technology trend for aerospace & defense (A&D) organizations. It’s a core business approach that needs to be at the heart of enterprise strategies. We all have first-hand experience with the digital transformation that’s occurring in our everyday consumer world and we’ve seen how it’s changing the rules of…

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IM blog post image

by   |    |   2 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Digital Transformation, Manufacturing

A recent survey showed 88% of companies said that they were undergoing digital transformation, however only 25% understood what it was. As a manufacturer, the term digital transformation may be foreign, but in fact, manufacturers have been using digital technologies for many years already. If you think about it, EDI has been commonplace for a…

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IM podcast image

by   |    |   1 minute  |  in Business Technology, Creativity & Innovation, Digital Transformation, IFS Radio Network, Manufacturing

Industrial manufacturers have been using new technologies for years now, so will digital transformation really add value to a manufacturing business? The use of new digital technologies in the industrial manufacturing industry is not new. In fact, manufacturers have been users of digital technologies for years. However, the term “digital transformation” is relatively new to…

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