February 9, 2024

Guide to Supply Chain Automation

Automating crucial elements of your business procedures may appear challenging, particularly in an industry that has undergone substantial changes in recent years. The swift digital evolution of the manufacturing sector has left certain companies sensing a potential lag. However, you need not be among them...
February 7, 2024

Aerospace and Defense 2024 Industry Predictions: Geopolitical Volatility Brings Increased Defense Budgets to Ensure Preparedness

Persisting conflicts and geopolitical uncertainties indicate a sustained trend, prompting an upswing in defense budgets. The pertinent question arises: where will the increased spending be directed?
February 6, 2024

IFS Field Service Predictions: 4 Themes That Will Define the Service Landscape in 2024

Leadership in the service sector is transforming, with outdated "old-school" leaders being replaced by those embracing a more modern, transformational style. Customer experience (CX) is a key focus, requiring companies to dissolve service siloes and ensure a seamless, customer-centric operation...
February 5, 2024

IFS Predictions 2024: Enterprise Asset Management

In 2023, industries heavily reliant on assets encountered various challenges. Yet, the evolution of Enterprise Asset Management (EAM), incorporating artificial intelligence, presents an opportunity for organizations to significantly improve their operational efficiency in 2024...
February 2, 2024

2024 Telecommunications Industry Predictions

The telecommunications sector is experiencing rapid transformation due to the interplay of emerging technologies, evolving customer preferences, and competitive dynamics that are reshaping the market landscape. As a dynamic and fiercely competitive environment, the industry remains in a constant state of change, driven by technological advancements, shifts in consumer choices, regulatory modifications, and escalating tariffs...
February 1, 2024

2024 Construction & Engineering Industry Trends and Predictions

Amid ongoing challenges such as increasing labor shortages, the industry is actively embracing digital technologies like AI to automate and optimize operations. In a bid to ensure consistent revenue, businesses are transitioning towards becoming comprehensive asset service lifecycle providers. Additionally, antiquated, and disorganized enterprises are set to undergo restructuring, leveraging real-time data for precise project budgeting and forecasting...
January 26, 2024

Ai on the Ascent: Practical Uses for Ai in Aviation Maintenance

Rob Mather, Vice President of Aerospace and Defense Industries at IFS, notes that since the debut of ChatGPT, Artificial Intelligence (AI) has become a dominant topic of discussion. However, beyond public discourse, AI holds substantial potential for enhancing efficiency and productivity across diverse industries...
January 25, 2024

What Is eCommerce Automation? (A Guide)

eCommerce plays a pivotal role in the global economy, with projections indicating that in the U.S. alone, it is poised to surpass the $500 billion milestone by the close of 2023 and is forecasted to reach $710.42 billion by 2025. As the eCommerce sector continues to expand and grow in complexity, customer expectations for swift and efficient delivery have risen. Failing to meet these expectations poses a risk of inefficiency and potential loss of customers to more agile competitors...
January 24, 2024

Asset Performance Management: 3 Essential Use Cases for Utilities

In the utilities sector's shift towards sustainability, Asset Performance Management (APM) emerges as a critical enabler, as discussed by Jon Mortensen - Global CTO of Enterprise Asset Management at IFS. APM proves essential in three key areas: leak monitoring for early detection and prevention, anomaly detection contributing to risk management and prediction of asset failures amidst grid changes, and resource management optimizing workforce efficiency...