field service

IFS Advances Industrial AI Workforce with TheLoops Acquisition

IFS's acquisition of TheLoops marks a significant evolution in enterprise software towards the implementation of autonomous AI agents capable of actively participating in critical industrial operations, transforming workflows with context-aware decision-making, and signaling a robust demand for such innovative solutions in the market.

Enterprise Asset Management

AI Era Ushers in Drones as Infrastructure Inspectors and Algorithms as Failure Predictors

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.

ERP Strategy and Planning

IFS Surpasses €1 billion in ARR, Driven by Customer-Centric Approach and Rising Demand for Industrial AI

IFS reported its strongest financial performance in FY2024, achieving over €1 billion in Annual Recurring Revenue and total revenues of €1.228 billion, driven by a 32% YoY growth in ARR and 38% in cloud revenue, alongside a notable increase in customer satisfaction and strategic acquisitions reflecting the growing demand for Industrial AI solutions.