The Biggest Challenge to AI Adoption

by   |    |   6 minutes  |  in Business Technology, Manufacturing, Strategy, Supply Chain, Transform Your Business

In my last blog i talked about the use of artificial intelligence to help process manufacturers uncover the holy grail – accurate forecasting. In this blog i will explain why we might be the barrier to that happening. In my last blog I talked about how artificial intelligence might help manufacturers discover the holy grail…

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If Amazon did Factories

by   |    |   5 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Strategy, Transform Your Business

Amazon recently announced record profits of $3.03bn, breaking its own record for the third consecutive time. However, Amazon appears to be at a crossroads as to where it heads next. Beyond pouring additional energy into Amazon Prime, many have wondered whether the company may decide to enter an entirely new sector such as manufacturing to drive future…

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Forecasting Holy Grail

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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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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Debunking Three 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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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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AI: a Cornerstone of your Digital Transformation

by   |    |   5 minutes  |  in Business Agility, Business Technology, Digital Transformation, Service Management, Transform Your Business

When business leaders think about Artificial intelligence (AI), they usually do so in one of two ways. Either they think of it as science fiction, or they see it as a customer-facing gimmick. The reality, though, is that Artificial Intelligence is already beginning to integrate itself into tools used for Digital Transformation in a variety…

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Mine Gold and Data

by   |    |   3 minutes  |  in Asset Intensive, Business Technology, Energy and Utilities, Transform Your Business

The mining industry is going through a period of renewal. But while the cost-cutting and downsizing is at an end, it’s not like the heady days of the boom, with seemingly unlimited access to capital for new projects. At this point in the cycle, new investments are being applied strategically with both a view to…

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strategic positioning

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

The King is dead, long live the King! With change and renewal being the only long-term constant, business positioning and product prediction become key to survival. ‘Strategic positioning’ is part two of a three-part blog series outlining the cornerstones required for reinforcing business longevity. Clairvoyancy or Cunning Your strategy requires provision to have the right…

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