by   |    |   5 minutes  |  in Creativity & Innovation, IFS Labs

Well, at least I don’t believe that. They will definitely change the how we work or, even better, how we work and learn. The aging workforce I wrote this blog on my 40th birthday…and in the older definitions the “aging workforce” was defined as working individuals aged 40 years or older. However, living and working…

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Construction Workers on Laptop

by   |    |   4 minutes  |  in Construction and Contracting, Digital Transformation

The engineering, construction and infrastructure (ECI) industry is facing huge challenges as it tries to deal with increasing demand to construct, operate and maintain assets faster, at lower cost and risk and to a higher quality. The non-integrated business systems and processes used by most companies today will simply not be good enough if a…

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City Header

by   |    |   4 minutes  |  in Creativity & Innovation, Digital Transformation, Service Management

A recent study conducted by WBR indicates that the service industry is at an inflection point. Over the next 24 months, technology will drive digital transformation in many companies striving to improve and predict revenue streams while also improving operational efficiency. shows that nearly three quarters of respondents provide service on equipment that is sensor-enabled….

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Connected Phone header

by   |    |   4 minutes  |  in Automotive, Digital Transformation, Manufacturing

Fifteen years ago, I was studying for a master’s degree in industrial automation at a technical university. We learned about open systems, industrial internet, old and new programming languages, collaborating robots, software-controlled machine clusters etc. Everything that you needed to build the smart factory. I thought all this was everyday life in the manufacturing industry…

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Data Analysis Image

by   |    |   3 minutes  |  in Creativity & Innovation, Digital Transformation, Service Management

We are seeing the growing demand to integrate connected devices for field service operations. In a recent study by IFS, 30 percent of product-oriented companies said they are already using IoT for field service to some extent – a few companies are even harnessing IoT data to automatically trigger work orders or technician dispatches. But…

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by   |    |   3 minutes  |  in Digital Transformation, Energy and Utilities, Mobility

To deliver in the new energy paradigm, suppliers need to focus on two key areas – technology and service provision. The energy market is being disrupted and transformed around the world. According to a recent foreword in the Global Innovation Index Report “Innovation lies at the core of any solution to the challenges facing our…

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Worker performing test on machinery

by   |    |   4 minutes  |  in Automotive, Creativity & Innovation, Digital Transformation

The penalties for poor maintenance can be high—in energy production, loss of revenue and component costs, as well as fines levied for non-delivery. But contrast this with time and/or operation count-based maintenance where a piece of equipment gets maintained whether it needs it or not. This is labor intensive and ineffective in identifying problems that…

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by   |    |   4 minutes  |  in Business Technology, Digital Transformation, Manufacturing, Process Manufacturing, Transform Your Business

Artificial intelligence (AI). Internet of Things (IoT). Augmented reality (AR). These are the technologies companies in the industries IFS serves want to implement because they can transform their businesses. These two- and three-letter acronyms (TLAs) are what most of us think about when someone utters the words ‘digital transformation’. While AI, IoT and AR are…

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by   |    |   3 minutes  |  in Creativity & Innovation

We’ve all heard the promises of efficiency improvements and digital transformation made possible by adopting internet of things (IoT) technologies. This assumes, of course, that the observations coming out of the IoT monitoring system are actually correct. No, this blogpost is not about tampering or other cybersecurity concerns—although that topic would be worth a blogpost…

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by   |    |   4 minutes  |  in Creativity & Innovation, Digital Transformation, Manufacturing, Transform Your Business

Businesses are constantly told they will go broke if they do not digitally transform and quickly, but for manufacturers it’s not quite as simple. If production goes down even for a day, the impact can be irreversible, with potentially millions in revenue lost. From an ergonomic, economic and environmental perspective, smart factories are heralded as…

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