IFS Cloud’s Enhances AI Capabilities Through IFS.ai

IFS, a prominent global cloud enterprise software company, has officially unveiled the second of its biannual IFS Cloud releases for 2023. This release is strategically designed to empower customers in enhancing overall productivity throughout their enterprises, utilizing digital technology to foster agility and operational excellence.

The November release aligns seamlessly with IFS’ overarching objective of assisting customers in key industries to develop their composable, intelligent autonomous enterprises. Notably, the integration of IFS.ai’s advanced AI architecture into all IFS products and industry-specific capabilities signifies a pivotal step forward. This incorporation democratizes AI across customer organizations, facilitating the simulation, optimization, and automation of industry-specific processes to boost productivity in personnel, assets, and services across their entire business spectrum.

In the face of evolving macro-economic conditions, enterprises are actively fortifying their business resilience to respond swiftly and sustainably. Long-term resilience necessitates the cultivation of agility and adaptability, with a growing reliance on technological innovation. Companies that have already invested in digitalization stand to leverage AI more expeditiously, effectively managing operational performance and enhancing productivity.

The November IFS Cloud release maintains a laser focus on three strategic business themes:

1. Optimize People, Assets, and Services
   • Utilizing AI, ML, IoT, and automation to streamline processes related to people, assets, and services, enhancing data quality and compliance.
   • Maximizing capacity utilization through cross-business insights and intelligent automation (e.g., Manufacturing Scheduling & Optimization, ERP).
   • Improving yield, throughput, and production quality while reducing costs (Intelligent Automation in Manufacturing ERP).
   • Enhancing order fulfillment, productivity, and customer service levels (Supply Chain, ERP).
   • Mitigating maintenance procedure delays and minimizing IT administration in aviation maintenance.
   • Maximizing crew efficiency and cost reduction through higher first-time-fix rates (Planning & Forecasting in Service Management).
2. Connect Global Operations
   • Breaking down data and operational silos, aligning and connecting people to identify risks and opportunities.
   • Optimizing offshore maintenance operations between shore and offshore assets (EAM).
   • Efficient and reliable service delivery with process automation across the financial value chain (Service Management).
   • Reducing costs and complexity with fast, efficient document signing through Adobe integration (Asset Management).
3. Achieve ESG Goals Profitably
   • Facilitating the management and achievement of ESG goals transparently and profitably.
   • Providing insights on energy consumption, materials, and DEI for informed decision-making (Lobbies in IFS Cloud).
   • Accurately tracking progress against Scope 1 and 2 sustainability goals (IFS Cloud Emissions Tracker).
   • Enabling component reuse for re-manufacturing and reducing production costs (Supply Chain, ERP).

Christian Pedersen, Chief Product Officer at IFS, emphasized, “Accelerating digital transformation remains a top priority for our customers… With this latest release of IFS Cloud, we have stayed true to our product vision to enable customers to adopt our innovation out of the box.” Pedersen reiterated the commitment to delivering a product that stays up-to-date with the latest digital and AI innovation, highlighting the integration of IFS.ai capabilities and ongoing investment in this area. The ultimate goal is to make a broad, positive impact across customer organizations and users.