by   |    |   5 minutes  |  in Automotive, Business Agility, Business Technology, Creativity & Innovation, Manufacturing, Supply Chain

The Internet of Things in the automotive industry — There may still be skepticism about the IoT in some sectors, but in automotive IoT is taking up more space than ever in our vehicles. The signs are everywhere. We are all aware of the larger trends we face in the automotive industry (faster and smarter production…

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by   |    |   4 minutes  |  in Business Agility, Business Technology, Manufacturing, Mobility, Process Manufacturing, Strategy

The power of digital transformation is so strong that it can change an entire industry. Companies that change the way an industry does business on the foundation of digital technologies are called digital disruptors. Netflix, Spotify, Airbnb, Uber and Alibaba are digital disruptors. Digital transformation refers to how companies leverage digital technologies to change a…

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

For the second year in a row, IFS is pleased to announce that we have been recognized for excellence by the Best in Biz Awards. IFS Applications, our component-based extended enterprise software, was awarded silver in the Best New Version of the Year category. Additionally, our customer-first attitude was recognized by Best in Biz’s Most…

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by   |    |   2 minutes  |  in Asset Intensive, Business Agility, Business Technology

An Enterprise Asset Management application that will flex and adjust to your evolving business during this age of digital transformation is an absolute must. I was recently lucky enough to attend the ARC Conference in Orlando, Florida where they discussed some of the main topics concerning the transition of the asset and infrastructure industries and how…

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by   |    |   2 minutes  |  in Aviation & Defense, Business Agility, Business Technology

For certain, product design and manufacturing excellence will always remain crucial disciplines within Aerospace & Defense, but increasingly, the way to excel and grow revenue is through lifecycle services and support.   When it comes to selecting enterprise resource planning (ERP) solutions for asset-intensive industries such as aerospace & defense (A&D), there is a tip…

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by   |    |   5 minutes  |  in Business Agility, Business Technology, Energy and Utilities, Strategy

The Internet of Things really is here, so set your strategy now. But what must energy and utility companies do in order to seize this opportunity? At a recent ARC Industry Forum, the evidence was all around me. From tram doors in Oslo to the CERN Large Hadron Collider in Switzerland to healthcare clinics in the…

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

Is your company “servitizing” its products and “productizing” services? Now more than ever, service management software must be created using agile development processes but it must also enable business process agility. Trending Initiatives: Servitizing Products & Productizing Services Most service business leaders I’ve met with recently are working on “servitization” or “productification” initiatives. I’m not sure…

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by   |    |   3 minutes  |  in Business Agility, Business Technology, Manufacturing, Supply Chain

No matter the industry, company, or country, reducing time-intensive tasks and costs is always a good thing. Often times in business when we hear or read the word “reduce” it invokes negative feelings — especially after the United States’ Great Recession in 2008 that led many companies to reduce its workforce and budgets. While the word “reduce”…

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by   |    |   4 minutes  |  in Applications 9, Asset Intensive, Business Agility, Business Technology, Creativity & Innovation

As every business manager knows, change happens all the time, continuously presenting new business risks, opportunities and challenges. While some businesses will merely cope – and many just won’t survive – successful businesses will see change coming and turn it into an advantage. For any product company, no matter if you develop business software, cars,…

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by   |    |   3 minutes  |  in Applications 9, Business Agility, Business Technology, Finance, Strategy

Poor business ethics can lead to a huge devaluation for both Tangibles and Intangibles, with stocks and brand values falling for those being singled out. Outcomes from poor ethical decision-making have been hitting the headlines recently, and the subsequent backlash from the media, public, and legislators alike, have ignited interest in integrating value-added ethics with business…

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