Artificial intelligence is everywhere, yet for many organizations the journey from curiosity to delivering value can feel daunting. At our recent “Get Started with IFS.ai” webinar, our experts shared practical advice for businesses ready to take the first step with Industrial AI. Here are the five top tips Sören Michl, VP AI Adoption, IFS and
The pace of innovation for telecoms is genuinely staggering. Just 40 years ago, we launched 1G to support our big, blocky Motorola “mobile” phones, weighing in at 2.5 lbs. or 1.13 kgs. The technology was analog and supported voice only. The battery life, connection quality, and security were poor, with many dropped calls. I have
1 Real-Time Data Real-time inventory tracking is a game-changer for businesses that need to make quick decisions based on current stock levels. With real-time data, you receive updates the moment inventory levels change, allowing you to respond promptly to any potential stockouts. This immediate insight is invaluable for maintaining service levels, especially in fast-moving environments
ESG disclosure is continuing to evolve. The shifting goalposts make disclosure seem overwhelming and complex. To remove complexity, start small and simple then continue to mature and progress. Otherwise, it is easy to become overwhelmed by the unfamiliar. That said, where do you start? But first, an introduction to ESG and a look at how a strong
Across the industry, manufacturers are finding ways to monetize the same product more than once. Here’s how they’re doing it, and why waiting could cost you competitive advantage. The $500+ Billion Opportunity Hiding in Your Returns When Toyota announced its new “Toyota Circular Factory” at its Burnaston plant in Derbyshire, UK, it wasn’t just making a
1. Audit Regularly Regular audits are essential for catching and correcting stock discrepancies before they escalate into bigger issues. By conducting cycle counts and comparing physical stock to inventory records, you can identify variances promptly. It’s important to schedule these audits systematically and frequently enough to ensure that they provide a real-time snapshot of your inventory. When
The Challenge: Facilitating and Supporting Remote Working The HR team has always been busy but since March 2020 the workload has become even more intense. Nearly 90% of HR teams say their workload has increased. HR is now responsible for supporting the remote workplace, facilitating remote and hybrid working. It’s a vital role because ensuring workers have
Rethinking Mining’s Digital Core: Why Australia’s Smartest Operators Are Choosing IFS Australia’s mining sector stands on the edge of a profound shift. It’s not just about digging deeper, it’s about thinking sharper, faster, and smarter. While mining continues to contribute over 14% to the nation’s GDP and support more than a million jobs, success is no longer
1 Choose green suppliers One of the first steps to make your stock control more eco-friendly is to choose suppliers that share your environmental values. Look for suppliers that use renewable energy, recycled materials, biodegradable packaging, and ethical practices. You can also ask them to provide certificates or labels that verify their environmental standards. By
Digital transformation isn’t just a buzzword, it has become a way of being given the ever-increasing rate of technology adoption and change. Therefore, a business really needs to understand what it is, why it’s so important and how they can get it right. In the simplest of terms, digital transformation is the strategic adoption of digital
