Edwards Lorenz was a meteorologist and a mathematician who set off to devise a model to predict the weather but ended up discovering the chaos theory. He observed that small changes in a simple model led to different and drastic effects on the weather, from sunny skies to violent storms; and there was no way
Released in December 2023, the IFS Enterprise Asset Management (EAM) Trend Report offers a comprehensive analysis of the industry’s present landscape while exploring its challenges and opportunities. The report is a result of extensive market research and insights from 430 asset managers across various industries. Here are the highlights from the IFS EAM Trend Report: Enhancing efficiency
Fly me to an asteroid, hydrogen becomes the green king of fuel, supersonic travel meets reality, AI gives predictive maintenance the edge, and the battle against counterfeit parts Rob Mather, Vice President, Aerospace and Defense Industries at IFS looks at everything from new players in the global space race, to hypersonic flight, AI making predictive
1. What is ERP Software? ERP stands for Enterprise Resource Planning. It is a type of software that integrates various business functions, such as accounting, inventory, sales, purchasing, human resources, and more. ERP software allows you to streamline your operations, automate your tasks, and centralize your data. With ERP software, you can access real-time information
In life, change is often the only constant, and sometimes, it can be the catalyst for discovering new passions and unexpected paths. I worked for a few years as a process engineer in the manufacturing sector, but my curiosity about technology continued to grow. When the opportunity came to work at IFS, which seamlessly blended
1. Check Data Sources One of the first steps to ensure data quality is to check the sources of the data that feed into the ERP system. Data sources can include internal databases, external systems, manual inputs, or third-party providers. You should verify that the data sources are reliable, secure, and up to date, and
Whether it’s implementing cutting-edge technologies, upgrading systems, or optimizing processes, IT investments are critical for organizations in enhancing efficiency, competitiveness, and customer satisfaction. But one major obstacle that many businesses face is obtaining executive buy-in for these crucial initiatives. Securing support from top-level decision-makers is like unlocking a treasure trove of resources and opportunities. Many
2024 is expected to witness significant advancements in construction and engineering, driven by a need to increase business competitiveness, adopt effective digital strategies, and explore new revenue opportunities. As the industry faces ongoing challenges such as increasing labor shortages, they are exploring the adoption of digital technologies like AI to automate and optimize their operations.
We have been continuously hearing the keywords “IFS Cloud”, “IFS Upgrades” and “Path to Evergreen” in many social media platforms and forums. What are they and what do they mean? To put it simply, IFS Cloud is the latest ERP solution offered by IFS and an IFS Upgrade is the process of upgrading from a
No one-size fits all – your deployment, your choice Over the last decade there has been much debate about how soon the cross-industry migration to SaaS-based software deployments would gain acceptance in defense applications. While historically there has been caution from military forces to embrace cloud, progress is being made. GlobalData estimates that SaaS IT spending
