asset management

IBM's Maximo Application Suite 9.1 redefines enterprise asset management with its generative AI assistant and advanced investment planning features, aiming to transform maintenance practices and capital allocation, though successful implementation hinges on organizations' readiness and quality data.

At the IFS Connect North America 2025 conference, Deloitte unveiled an AI-powered remote sensing solution using drones to predict infrastructure failures before they occur, aiming to transform how cities manage aging infrastructure through enhanced data collection and analysis, ultimately improving safety, efficiency, and cost-effectiveness.

EDF Renewables is strategically utilizing IFS Cloud to enhance its growth and operational efficiency in clean energy production, targeting 10 GW annually by 2035, while integrating asset management and planning capabilities within a scalable cloud-native platform.

At IFS Connect UKI 2025, IFS launched Nexus Black™, an innovative AI initiative aimed at rapidly transforming industrial AI aspirations into operational advantages for sectors like manufacturing and energy, addressing the fragmentation of existing tools and emphasizing co-development with clients while integrating successful solutions into the IFS Cloud.

At IFS Connect UKI 2025, CEO Mark Moffat emphasized IFS's urgent ambition to lead industrial enterprise software by 2029 through AI integration, focused R&D investments, and real-world operational value, while urging customers to embrace AI as a mindset for optimizing asset-heavy industries.

Diriyah Company has selected IBM Maximo Application Suite for asset management in its $63.2 billion Diriyah Project, a smart city development near Riyadh, leveraging AI-driven capabilities for optimized performance and predictive maintenance to enhance operational reliability and sustainability.