IFS, the global cloud enterprise software company, has announced the availability of its latest IFS Cloud releases for 2023. The release is centred on capabilities that will help customers increase productivity across their business and leverage digital technology to build agility and operational excellence.
The content of this November release is a continuation of IFS’ goal to help customers in its core industries to build their composable, intelligent and AI powered autonomous enterprise.
From this release onwards, the company’s recently launched AI architecture IFS.ai’s capabilities will be directly woven into all of IFS’s products and industry specific capabilities. This makes AI widely available across customers’ organisations, enabling them to simulate, optimise, and automate horizontal and industry-specific business processes to accelerate time to value.
Enterprises are building business resilience to be able to respond quickly, effectively and in a sustainable way to changing macro-economic conditions and need to consider agility and adaptability to mitigate risks.
IFS says that those companies who have already invested in digitalisation will be able to leverage AI faster and manage their operational performance, as well as increase productivity of their people and assets.
To this end, the Autumn IFS Cloud release continues to focus on three strategic business themes:
- Optimise People, Assets and Services
- Connect Global Operations
- Achieve ESG Goals Profitably
Optimising People, Assets and Services:
IFS Cloud uses AI, ML, IoT and automation to streamline processes related to people, assets, and services and improve data quality and compliance.
- Maximise capacity utilisation by combining cross business insights and intelligent automation. (Manufacturing Scheduling & Optimisation, ERP)
- Improve yield and throughput, reduce costs, and enhance production quality (Intelligent Automation in Manufacturing ERP)
- Boost order fulfilment, enhance productivity and improve customer service levels. (Supply Chain, ERP)
- Avoid maintenance procedure delays and minimise IT administration. (Aviation Maintenance)
- Maximise crew efficiency and reduce costs with higher first-time-fix rates. (Planning & Forecasting in Service Management)
Connect Global Operations:
IFS Cloud breaks down data, process and site silos, aligning and connecting people to assets to identify risks and opportunities. It reduces complexity, improves customer service, reduces downtime, and ensures compliance by integrating isolated operations, offering advanced management capabilities:
- Combine critical business data and transaction updates to optimise offshore maintenance operations between shore and offshore assets. (EAM)
- Experience efficient and reliable service delivery with process automation along the entire financial value chain. (Service Management)
- Reduce costs and complexity and experience fast, efficient document signing with electronic signatures through Adobe integration. (Asset Management)
Achieve ESG Goals Profitably:
A strong ESG position creates long-term value and IFS Cloud is a modern tool for managing and achieving ESG goals, profitably and transparently. The latest update provides improved capabilities for all industries to leverage data to measure progress against commitments, demonstrate accountability, reuse components, reduce production costs and increase revenue.
- Quickly access ESG-focused insights across energy consumption, materials used and DEI for more informed decision-making. (Lobbies in IFS Cloud)
- Easily and accurately track progress against Scope 1 and 2 sustainability goals. (IFS Cloud Emissions Tracker)
- Reuse components for re-manufacturing and reduce production costs. (Supply Chain, ERP)
Christian Pedersen, Chief Product Officer, IFS, said: “Accelerating digital transformation remains a top priority for our customers as they continue to plan for the future and use technology to build predictability in performance and resilience in their business. With this latest release of IFS Cloud we have stayed true to our product vision to enable customers to deliver innovation out of the box and ensure adoption is easy and delivers value fast.”
Listen to an interview with Christian in this episode of The Manufacturer Podcast
He added: “We have also stayed true to our goal to help our customers remain evergreen with our product and our artificial intelligence capabilities. Providing a composable option that provides a clear path to always being up to date with the latest digital and AI innovation is central to help companies stay competitive and sustainable.
“IFS.ai has capabilities within it that have long been embedded into IFS Cloud and we have continued investment into this area, with the introduction of new and enhanced features in response to customer demand. Our aim with AI is to make organisational-wide impact for all our customers across all their users.”
To find out more, visit ifs.com.
