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   |    |   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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Q&A: Field service organizations and the need to optimize service models

by   |    |   6 minutes  |  in Business Technology, Creativity & Innovation, Digital Transformation, Research, Service Management, Strategy

Field service organizations must optimize their reactive service models today and plan for predictive service models tomorrow. In this Q&A, I will ask Mark Brewer, service industry expert and Global Service Industry Director for Service Management at IFS, to shed some light on the industry’s need to optimize business service models. Meet our service industry expert Mark…

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L’aviation civile, première industrie sur les projets de transformation digitale et d’innovation

by   |    |   3 minutes  |  in Aerospace & Defense, Business Technology, Digital Transformation, Research, Service Management, Strategy

The fundamental shift from selling products to guaranteed outcomes has been aided by exponential technological growth over the last ten years. The concept of “Power-by-the-Hour” was invented by Rolls-Royce in 1962, which means it has been in play in the commercial aviation industry for more than 50 years. This program has reshaped the relationship between…

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Modular and offsite construction: evolution or revolution?

by   |    |   6 minutes  |  in Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Manufacturing, Strategy

Modular offsite construction has been around for many years, but is it about to really take-off? There has been a lot of activity over the last 12 months that suggests this evolution may become a revolution, one that will drastically transform the construction industry. Key challenges and opportunities for the construction industry November 21-22, 2017,…

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Is bad enterprise software driving away your best employees?

by   |    |   3 minutes  |  in Business Technology, Digital Transformation

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…

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Digital Transformation in Construction

by   |    |   6 minutes  |  in Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Research

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…

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Staying ahead in aviation and defense asset management

by   |    |   2 minutes  |  in Aerospace & Defense, Business Agility, Digital Transformation

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…

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Service Industry Expert Podcast

by   |    |   1 minute  |  in Business Agility, Business Technology, Creativity & Innovation, Digital Transformation, IFS Radio Network, Research, Service Management, Strategy

IFS Radio Network podcast: how service companies can use technology to improve and enhance their customer experience. 32% of field service organizations (FSOs) are failing to attain at least 80% customer satisfaction, according to a recent research study by Raconteur Custom Publishing on digital change in the service industry. Why? Because the use of technology,…

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