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
Assess Needs To give your ERP system’s data analysis and reporting a creative boost, start by conducting a thorough assessment of your current needs. Identify the gaps and limitations in your existing setup. Are reports lacking depth? Is data visualization not insightful enough? Understanding the specific areas where creativity is lacking will guide you toward
As we hear often from our customers and our ecosystem, many manufacturing leaders still struggle with onboarding, managing, upskilling and retaining the talent that keeps those operations running every day. Truly, the traditional factory training approach is inefficient, costly, and ineffective. This can lead to performance inconsistencies, safety risks, and skills gaps. To add to
While most assets and projects within the Oil and Gas (O&G) sector have precise start and end dates, lifecycle management for these business-critical deliverables span a much longer timeline. Enterprise Asset Management (EAM) technology enables O&G companies to support all stages of asset and project lifecycles, from planning to implementation, through to decommissioning. Along with safety
Scope and timeline The first thing to look at is the scope and timeline of the vendor’s implementation methodology. How well does it align with your business goals, requirements, and expectations? How realistic and detailed is the project plan, and what are the milestones, deliverables, and dependencies? How flexible and adaptable is the methodology to
Are big organizations part of the problem or part of the solution? How can we act more responsibly? What can I do? In a world where the actions of corporations reverberate globally, the concept of social responsibility rings loudly in our ears. If you’re daunted by the prospect of making a significant impact on society individually, remember
This March, the Big Ten Women’s and Men’s Basketball Tournaments were more than just showcases of elite collegiate basketball—they were a celebration of how technology is revolutionizing sports. As part of IFS.ai, we had the privilege of seeing our technology take center stage, not just as a participant but as a central factor in enhancing the sports experience for everyone
Assess Reality When you realize your ERP project is off track, the first step is to conduct a thorough assessment. Evaluate the current status of the project against the original plan to identify where it’s lagging. Understand the root causes of delays or resource shortages. Is it due to underestimating the complexity, overallocation of staff,
What’s the Deal with ESM? Organizations constantly face a myriad of challenges in delivering efficient and effective services across various departments. From IT support to HR processes, from facilities management to customer service, the demand for streamlined workflows and seamless collaboration has never been greater. Enterprise Service Management represents a holistic approach to managing services
Game development has come a long way since the first ever game created using an oscilloscope and an analog computer in 1958. From motion capturing to ray tracing, game development nowadays uses a variety of technologies to create more realistic and interactive games. However, relying on technology alone cannot produce a good game as there
