It is no secret the last couple of years brought market uncertainty to the global upstream oil and gas industry. The significant decline in demand and continued pricing volatility for oil and gas has created operational and financial challenges for upstream companies both big and small. During these times, veteran E&P leaders, accustomed to the
1. ERP Basics ERP systems offer a bird’s-eye view of your business, providing insights that are critical for strategic planning. At their core, ERPs integrate various business processes into one system, fostering inter-departmental harmony and data consistency. This integration ensures that information entered in one part of the business is immediately available to other parts
To Konica Minolta, a leading provider of digital workplace services, commercial and industrial printing, and optical systems for industrial use, adaptability and innovation are key to staying ahead of the curve. They have been making waves with their strategic shift from traditional field-centric operations to a remote-first approach. Konica Minolta’s transformation began by recognizing the
In 2021, the US Navy selected IFS and Lockheed Martin to deliver intelligent ship and aircraft maintenance. It’s a massive project, supporting the Navy’s digital transformation as it pivots from multiple legacy systems into a single logistics information system. The sheer orchestration of planning and executing the service, repair, and overhaul of thousands of assets, including aircraft,
Plan Ahead Before the event, identify your networking goals and research the attendees and speakers. Knowing who will be there and what they specialize in allows you to target your networking efforts effectively. Prepare a brief elevator pitch that succinctly describes who you are and what you do, ensuring you can confidently introduce yourself when
Q1 has officially ended, and as we look ahead to Q2 and beyond, you might be thinking about how to take your career to the next level. Did you set goals you’d like to revisit, or are you looking for inspiration to make smarter decisions? The IFS R&D Career Guilds and Expo from last year
Do you know what year it is? Well, if you thought it was 2024, you’re right it is! If you’re looking at the Gregorian Calendar. But labelling time is a bit of an abstract human concept, and if you shift the lens just a bit and look at time through the Chinese Calendar, it’s now
1. AI Assessment Before diving into the world of AI, take stock of your current situation. Assess your organization’s readiness for AI integration by examining existing infrastructure, data capabilities, and staff skills. Understanding where you stand helps identify the gaps and opportunities for AI technologies to make an impact. This assessment should also include a
Another few years and another IFS upgrade! A while back I posted my upgrade story on the IFS Blog and I wanted to follow up on that. One good decision my company made many years ago was that we would upgrade our ERP on a regular schedule to prevent the system getting “stale”. A big driver was
Asset-intensive industries have faced numerous challenges in 2023. However, with advances in Enterprise Asset Management (EAM), including AI, organizations are well-positioned to enhance their operational efficiency in 2024. In his 2024 predictions, Jon Mortensen, Global CTO EAM, discusses three trends that will fuel the adoption of EAM in asset-intensive industries. 1) In 2024, ISO 55000
