IFS IoT Business Connector

by   |    |   2 minutes  |  in Business Technology, Creativity & Innovation, Digital Transformation, IFS Applications, IFS Labs, Service Management, Strategy

How the IFS IoT Business Connector brings together sensor data acquisition, analytics and business process automation. Internet of things – why now? Back in 2012, the Harvard Business Review[1] estimated that 2.5 exabytes of data was being created on a daily basis and, the retail chain Walmart was generating 2.5 petabytes of customer transaction data…

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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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by   |    |   3 minutes  |  in Research, Service Management

Metrics. We are all familiar with theories that people buy into, because they are compelling, believable, and supported with hard facts.  But then, people often struggle to apply the theory into their business lives.  This essentially sums up the view on performance metrics. GE Capital states: “The best metrics are those that communicate to senior…

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