Analytics and AI

Artificial Intelligence (AI) and analytics are indispensable in propelling digital transformation efforts, particularly influencing Enterprise Resource Planning (ERP). With the rapid progression of technology and computing power, organizations across various sectors are generating immense amounts of data daily, impacting ERP processes. The significance of this data lies in its potential to extract actionable insights, facilitate strategic planning, and drive innovation within the ERP framework. In this context, AI and analytics emerge as pivotal tools, facilitating the extraction of value from the vast amounts of data generated and collected across the enterprise, optimizing ERP functionalities. Analytics is commonly categorized into descriptive, prescriptive, diagnostic, and predictive types, enhancing the ERP landscape. AI algorithms contribute not only to predictive and prescriptive analytics but also empower companies to develop innovative ERP capabilities, exemplified by advancements such as Industry 4.0.

IFS Spreads its Wings in the Middle East
IFS spreads its wings in the Middle East
IFS has announced a strategic partnership with Saudi Business Machines to expand its presence in the Middle East, particularly Saudi Arabia, while also optimizing operations for TIM Aerospace with its EmpowerMX software, underscoring the company's commitment to enhancing industrial AI solutions and modernizing MRO operations.
Demand for industrial AI lifts IFS’ third quarter revenue
IFS experienced a 30% increase in annual recurring revenue in Q3, fueled by a significant rise in IFS Cloud adoptions and cloud revenue growth, while adding 90 new clients and enhancing its ERP and AI solutions through strategic acquisitions.
IFS Ultimo – Building AI use cases for EAMs: ERP Today x IFS Unleashed
At the IFS Unleashed event, IFS Ultimo leaders discussed leveraging AI to enhance Enterprise Asset Management by improving failure report details for both preventive and reactive maintenance, aiming to reduce costly downtime and enhance productivity through advanced data utilization.
IFS.ai: Powering the Industrial AI Revolution: ERP Today TV from IFS Unleashed
At the IFS Unleashed event, Christian Pedersen and Vaibs Kumar discussed the transformative potential of Industrial AI tailored for specific industries, emphasizing IFS.ai's integration with IFS Cloud to enhance operational efficiency and customer value through precise use cases and real-world applications like scheduling and forecasting.
a man looking thorough binoculars | Leadership and AI share the spotlight in the future of work
Leadership and AI share the spotlight in the future of work
Oracle and IFS on how AI and leadership will go hand in hand to determine organizations' success.
image of women figure stepping out of a line of men figures
Tapping into diversity with the technological revolution
Abigail Allman speaks with IFS MD UKI Stephanie Poore who offers an insightful glimpse into her own professional journey.
IFS building
IFS signs key AI acquisition and flurry of partnerships
IFS has had a busy end of the month, recently taking the spotlight with new acquisitions and a strategic acquisition of Falkonry AI.