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Subject: PDT

IFS Launches Compelling Industrial AI Capabilities in Latest Release of IFS Cloud


New functionality in IFS Cloud 24R1 enables companies to superpower how they leverage assets and improve service, drive profitability, and use sustainability as a competitive advantage 

LONDON, May 30, 2024 /PRNewswire/ -- IFS, the leading technology provider of enterprise cloud and industrial AI software, today announced the general availability of its latest IFS Cloud release.

As the only vendor focused on helping asset and service-focused companies leverage the power of Industrial AI, IFS is releasing new AI-powered functionality that enables customers to improve operational effectiveness and profitability.

This May release focuses on three strategic themes, which are supported by a powerful IFS.ai Copilot that helps users better understand and use data from across a company's supply chain and operations.

Powering Potential: Humans and Technology in Harmony

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. Key features and capabilities include:

Driving Profitability: Winning in a Volatile Landscape

Business success hinges not just on potential, but on measurable profitability. This release equips customers to fine-tune global operations, lower costs, reduce waste, and empower the organization to consider new business models. Key features and capabilities include:

Sustainability as a Competitive Edge

IFS Cloud empowers businesses to not only achieve sustainability goals but also emerge as champions of environmental stewardship, which will resonate with stakeholders from consumers to investors. Optimizing resource utilization, minimizing waste, and tracking environmental impact lets customers reduce their carbon footprint. Key features and capabilities include:

Christian Pedersen, Chief Product Officer, at IFS commented: "With this latest release of IFS Cloud, customers will benefit from a new level of meaningful AI capabilities and innovation that is truly relevant to their industry and impactful to their business. The IFS.ai Copilot is the natural next step for IFS Cloud users to engage with and benefit from the AI capabilities we have embedded into IFS Cloud. We're offering so much more than generic AI - our industrial AI approach means customer can effectively manage supply chains and improve their operations. We're creating an environment where technology and human ingenuity come together."

Pedersen added: "At a time where regulation in Europe and the US is making companies take action in how they set and manage their Sustainability commitments, we are offering new AI powered capabilities that both help companies improve their operations and report progress. As we look ahead, it's clear that IFS.ai will continue to be a catalyst for change, driving businesses forward with purpose and passion within the industrial setting. The future is not just bright; it's AI powered, composable, and cloud-enabled, and it's here now."

IFS.ai applied

The new capabilities in 24R1 provide powerful industrial AI functionality, but also packed into the release is new industry-specific tooling. Take for example Aerospace and Defense. New Aircraft Release to Service functionality automatically detects and flags missing mandatory components and overdue maintenance tasks for compliance and risk reduction, and Aircraft Airworthiness Status Insights provides visibility and control of fleet status and aircraft in maintenance to enable aviation operators with additional efficiency and productivity gains. The new release offers similar benefits to customers in other asset and service focused industries.

To find out more about the latest release of IFS Cloud including industry-specific capabilities and enhancements, watch our 24R1 Release Showcase.

CONTACT: 

EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: [email protected]
Phone: +44 7775 114 856

NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: [email protected]
Phone: +44 7918 607 299

This information was brought to you by Cision http://news.cision.com

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