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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How to support your evolving omni-channel strategy with RFID and ERP

by   |    |   3 minutes  |  in Business Technology, Retail, Strategy, Supply Chain

RFID technology has risen to become a valuable element in better performing supply chain management, ensuring that the right products are available in the right place with no discrepancies. Retailers are experiencing challenges in keeping up with the inventory and visibility demands that today’s consumer-centric, competitive retail environment requires. RFID, supported by a multi-layered, flexible…

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ERP: the building block that drives personalization

by   |    |   4 minutes  |  in Business Technology, Creativity & Innovation, Retail, Strategy, Supply Chain

An omni-channel transaction may be triggered on a smart screen, but delivering on it depends on end-to-end goods visibility, planning and forecasting supply, demand and inventory all in real time. To truly deliver personalization across channels, retailers’ suggestions come from the same source: their enterprise resource planning (ERP) system. Omni-channel capabilities are making it easier…

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Corporate Social Responsibility

by   |    |   4 minutes  |  in Asset Intensive, Automotive, Aviation & Defense, Construction and Contracting, Energy and Utilities, Engineering and Infrastructure, Manufacturing, Oil & Gas, Process Manufacturing, Research, Retail, Service Management, Strategy, Supply Chain

No time like the present… or maybe tomorrow. Have you seen that comic where a medieval king in full armor turns down a machine gun salesman with the words “No thanks, I have to prepare for battle.”? It’s a nod to all those companies who are too busy doing their day-to-day to plan for the…

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The UK Smart Meter Programme: Meeting the challenges in an evolving market

by   |    |   4 minutes  |  in Business Technology, Energy and Utilities, Research, Strategy, Supply Chain

In the UK, our government has told energy suppliers that they must install smart gas and electricity meters in every home and small business by 2020. The issue here, which is the same for any major project undertaking, is the question of whether this an achievable target and what can be done to mitigate delays,…

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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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3 traits of a successful channel partner

by   |    |   3 minutes  |  in IFS Academy, Strategy

Partner ecosystems are a vital component to the majority of enterprise software vendors although few articulate what makes their top partners successful. Over the years, IFS has been focused on enabling new and old partners to focus on three key qualities that have proven to be the cornerstones of an elite partner. At IFS, we…

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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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Servitization in construction

by   |    |   3 minutes  |  in Construction and Contracting, Digital Transformation, Strategy

Get your business strategy in place to maximize the profit potential of the servitization trend. Servitization is becoming a major trend in product-centric industries where suppliers of products are now moving from simply supplying products to providing services. You see this trend in many industries. Hire and rental contracts are increasing, as are ”power by…

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