By taking on service and asset management, construction and contracting companies can generate revenue across the total asset lifecycle. In this Q&A, Kenny Ingram, construction and contracting industry expert and Global Industry Director at IFS, answers questions on how companies can generate revenue by taking on service and asset management. Kenny has been with IFS…
Breakdowns in a plant or just breakdowns in communication? Is your plant and business at risk? This is the story of Mike, a maintenance manager who I once met, and number three in a three-part blog series of stories. Mike the maintenance manager – Specialty Peppery Salads (SPS) Thursday AM Mike was in early to…
Many oil and gas companies experienced a tough couple of years recently, as oil prices plummeted to record-low levels. The recovery of the industry started in 2017, though, and now is the time to kick it into a higher gear to reap the benefits of being an early mover. New charging models, digital investments and…
As complex industrial organizations seek to evolve, diversify, grow and change, there are a number of things that can hold them back. Poor enterprise software may not support their diversifying or developing operation. And this lack of enterprise software usability can cause talented managers to leave for greener pastures. A study IFS conducted of 200…
The digital revolution is transforming the way organizations work, engage with their customers and generate revenue. It doesn’t matter if you’re in the construction, retail or healthcare sector, every industry is being impacted by the proliferation of devices, hyperconnectivity and emerging innovations like artificial intelligence (AI) and the Internet of Things (IoT). This new and…
In the fast-paced aviation and defense industry, effective enterprise asset management (EAM) can be the difference between success and failure. A lot can happen in nine years. In the defense arena the F-35 has moved from testing into production and been procured by over ten countries, and the USS Ford went from initial order, through…
Partnering, collaboration and a rapid implementation – what more could a utility organization want from enterprise software? Clearly, the answer to that is lots of things. However, the point I am trying to make here is that if you procure either an enterprise business application or a point solution for a specific business need, you…
New study shows enterprise mobility is an essential step to harness the disruptive technologies in business. Business conditions are changing rapidly thanks to digital transformation, which is defined in this MIT Sloan Management Review article, “The Nine Elements of Digital Transformation,” as the use of technology to radically change the performance or reach of enterprises….
The virtual and augmented reality (AR) business is booming – one report predicts the market for the technologies will be worth over $165bn by 2024. Once seen as a gaming technology, augmented reality is now starting to enter the defense sector with big potential – witness the Dismounted Soldier Training System, the first ever fully…
Getting your business to an automated efficient state of operating its assets while maintaining safe and reliable operations is possible. The oil rig industry agrees that they are not in the forefront of the digital age, as per discussions at the drilling conference in Stavanger last week (Rigg og Borekonferansen). Perhaps this is because the…
