by   |    |   5 minutes  |  in Business Technology, Digital Transformation, Manufacturing, Process Manufacturing, Transform Your Business

Accurate forecasts are the panacea for food manufacturers, Is artificial intelligence getting us close to a solution, are we near to finding the forecasting Holy Grail? I was at a director’s dinner recently, discussing the use of AI in today’s food manufacturing companies, when I suggested that artificial intelligence would provide the ultimate solution to…

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Construction

by   |    |   3 minutes  |  in Asset Intensive, Construction and Contracting, Engineering and Infrastructure, Transform Your Business

The engineering, construction and infrastructure industry is facing huge disruptive changes. We are at an inflection point, and need wholesale change right now. Global construction productivity has improved about a quarter of the rate of manufacturing productivity since 1995. When we look at rich countries like Germany, France and the United States, things are much…

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Passion led us here

by   |    |   2 minutes  |  in Creativity & Innovation, Events

Early on in my working life I decided I wanted to pursue a career in technology. The pace of change is like no other sector, the art of innovating in a meaningful way combines theory and practice, and the impact tech has at both a macro- and specific-level can be immense. In the business-to-business sector,…

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mining transformation

by   |    |   4 minutes  |  in Asset Intensive, Strategy, Transform Your Business

Systems fragmentation is the single biggest barrier to business transformation and innovation we see in the mining industry. Most companies have no single source of truth providing timely and reliable data about the business and no single platform to standardize processes consistently across the organization. Instead, fragmented software applications landscapes are common. Multiple enterprise resource…

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MRO Digital Twins

by   |    |   3 minutes  |  in Aerospace & Defense, Asset Intensive, Transform Your Business

Interest in digital twin technology is at an all-time high and the aerospace & defense industry is a forerunner in its adoption. This especially applies to the commercial aviation segment, where a digital twin of a whole fleet of assets can now be created thanks to technologies such as IoT and big data, advanced analytics…

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Cloud Business Case

by   |    |   4 minutes  |  in Business Agility, Business Technology, Cloud, Transform Your Business

A previous blog post debunked some common myths surrounding migrating enterprise resources to the cloud. In this post, part of our regular series of posts of n-nonsense insight into enterprise cloud computing, I look at the benefits of provisioning core business applications in the cloud. To be clear, at IFS we believe in giving our…

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Debunk Cloud Myths

by   |    |   4 minutes  |  in Business Agility, Business Technology, Cloud, Transform Your Business

Enterprise software will reside increasingly in the cloud. In some rare situations, on-premise instances of enterprise software will be desirable—for instance in mining of offshore drilling where business operations are in remote areas unserved by reliable connectivity. But for the clear majority of businesses, the objections against cloud are, today, easily discounted. As part of…

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joanna-kosinska-129039-unsplash_blog

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

Sustainable, balanced and ethical practices are driving new opportunities for corporate strategy to resonate with stakeholder demands as global culture shifts. ‘Strategic resonance’ is the final part of this three-part blog series outlining the cornerstones required for reinforcing business longevity. Stockholder v Stakeholder Theory In the sixties Milton Freidman introduced Stockholder Theory, arguing that corporations…

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cobot

by   |    |   5 minutes  |  in Process Manufacturing, Transform Your Business

The process industry has spent billions of dollars on robots and robotic automation, but are these monoliths flexible enough for today’s manufacturing requirements, will they eventually take our jobs and will the human-less factory really become a reality? its not new now its just different Robot and human workforces are not new: Robots The earliest…

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next-generation ai

by   |    |   4 minutes  |  in Business Technology, Digital Transformation, Service Management, Transform Your Business

We’ve reached an important inflection when it comes to adoption of emerging tech for Digital Transformation. Use cases for Artificial Intelligence (AI) are beginning to make their way into a variety of software solutions, augmenting automation and helping to improve service outcomes. The thing about all of those technologies is that, as of now, they’re…

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