IFS Accelerates Industrial AI Reality With Release Of IFS Cloud 24R2
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New feature highlights include:
Home is a new, dynamic, AI-powered homepage for IFS Cloud providing live project status visibility, fuelling productivity and efficiency. Anomalies are automatically detected, and corrective actions suggested, saving time and increasing accuracy of project analysis. This unique and intuitive experience combines the new context aware IFS.ai Copilot uses cases with a growing ecosystem of interactive widgets that help users plan, manage, build and service assets faster, smarter and safer.
IFS.ai Copilot now goes deeper than ever, surfacing insights from across the organization. The context aware Copilot has preconfigured industries capabilities gets even more powerful when integrated with customer data sources, and it knows where users are in IFS Cloud and provides accurate insights related to it. For example, service leaders and dispatchers can now maximize field service delivery and future planning efficiency with AI-driven accelerated, accurate decision making, and obtain instant contextually relevant answers to questions.
Within the Asset Applications module, the new IFS.ai Copilot for FMECA (Failure Modes, Effects, Criticality Analysis) feature drives optimized asset availability while reducing maintenance costs and mitigating risks. It provides detailed analysis of how an asset might fail, the probability, and consequences of making or adjusting maintenance strategies. AI supports FMECA by unlocking insights from unstructured information such as manuals and maintenance reports to support and refine the analysis.
New Prompt Libraries in Copilot empower users to take the lead with AI by storing contextually relevant prompts, eliminating repetition and boosting productivity.
IFS.ai can take unstructured data from, for example, a new manufacturing customer PO and auto create a new order so the production process can be accelerated. The impact of this new order onto the shop floor can then be modelled and analyzed with the new Manufacturing Scheduling Optimization (MSO) Simulation capability. IFS.ai does the heavy lifting, enabling production managers to improve capacity planning and meet customer demand. Meanwhile, asset managers can use the Simulation capabilities to more accurately predict and plan essential asset maintenance based on different scenarios.
Christian Pedersen, Chief Product Officer at IFS, commented: "All new features and enhancements within IFS Cloud 24R2 are guided by IFS's strategic themes. They are tailored to help customers unleash their full potential – both in terms of operational effectiveness and profitability – by leveraging IFS.ai to unlock and use the secret weapon from across supply chain and operations: their data. IFS is at the forefront and leading the charge with Industrial AI, which is turbocharging the asset and service-intensive industries that power our world. No one else is thinking this way for these hardcore industries."
With the launch of 24R2, over 60 deep industrial AI capabilities are now available. Key use cases include:
Powering your Potential
The power of IFS Cloud extends beyond human potential to asset potential; assets operate optimally, minimizing downtime and extending lifespans, resource utilization is optimized, and operations streamlined.
Driving Profitability
Business success hinges on measurable profitability. IFS Cloud lets customers fine-tune global operations, lower costs, reduce waste and empower the organization to consider new business models.
Making Sustainability a Competitive Advantage
Sustainability is embedded in IFS Cloud to drive meaningful impact as well as giving customers an edge from leveraging data-led insights to optimize operations, reduce waste and support circular manufacturing.
For more information, please visit ifs.ai.
About IFS
IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.
IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.
IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 90+ countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.
IFS Press Contacts:
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: [email protected]
NORTH AMERICA / LATAM:
Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: [email protected]
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