Matt Medley, Global Industry Director, A&D, IFS, highlights the four key trends impacting the defense sector throughout 2024. As budgets increase and the spectrum of conflict scenarios widens, swarm drones take to our land, air, and sea and the double-edged AI sword adds cutting edges to cybersecurity. Conflicts and geopolitical volatility show no sign of abating
1. Demand and Growth ERP is a booming industry, with a projected global market value of $78.4 billion by 2026, according to a report by Allied Market Research. This means that there is a high demand for ERP professionals who can design, implement, and manage ERP systems for different industries and sectors. As a leader
In the IFS Enterprise Asset Management (EAM) Predictions for 2024, we predicted that maintenance technicians will spend less time on their screens than ever before. This outcome isn’t due to a specific development but instead, a perfect storm of technological advances spurring on technician productivity. Hands-on versus hands-off The percentage of hands-on work performed by technicians
1. Assess Your Current State Before you embark on an ERP upgrade, you need to understand your current state of affairs. This means reviewing your existing ERP system, its performance, its functionality, its compatibility, and its pain points. You also need to identify your business goals, your requirements, your expectations, and your priorities for the
In today’s fast-paced business landscape, organizations are constantly seeking ways to enhance productivity and stay ahead of the competition. Adapting to changing needs and embracing a dynamic approach is crucial for success. However, it can be challenging to strike a balance between agility and maintaining access to the latest capabilities. With IFS Cloud and its
1. Understand your data sources Before you dive into your ERP data, you need to have a clear understanding of where it comes from, how it is collected, and how it is organized. ERP systems typically include modules for different functions, such as accounting, inventory, sales, human resources, and so on. Each module may have
Have you ever experienced a strange sound coming from your car? You instinctively feel something is wrong, but what next? You must call the dealer and tell them, for example, that the car makes a noise when tapping the brakes. Then you need to arrange an appointment, get to the appointment itself, and so on.
The commercial aviation industry is on the cusp of unprecedented change spurred by growth in Advanced Air Mobility (AAM). Predictions of a CAGR of 35.2% will take AAM market size to upwards of $68 Billion by 2032. Cutting-edge air vehicles and innovative propulsion systems, such as all-electric engines, are already rapidly gaining ground, and promising to reshape
1. Define the scope and goals Before you start working on an ERP system update, you need to have a clear and shared understanding of what you want to achieve, why you need it, and how you will measure it. This means defining the scope, goals, requirements, and deliverables of the update, as well as
Manufacturing organizations are facing the requirement of reducing their carbon footprint and CO2 emissions level, especially in Europe, where the regulatory landscape is accelerating quickly. To understand where companies are, and which challenges they are facing along this journey, IFS ran a roundtable event with over 13 France-based C-level executives, mostly representing large multinational companies.
