Market Perspectives

The annual Ventana Research Digital Innovation Awards showcase advances in the productivity and potential of business applications, as well as technology that contributes significantly to the improved processes and performance of an enterprise. Our goal is to recognize technology and providers that have introduced noteworthy digital innovations to advance business and IT.

Ventana Research has awarded IFS for IFS Cloud and IFS.ai its prestigious 2024 Operations and Supply Chain Digital Innovation Award. This award is given to the provider that best exemplifies innovation in the technologies that support the operations or service/supply chain. All finalists in the areas of Operations and Supply Chain are considered for this award.

The demand for more agile and workflow-oriented approaches has rapidly become a priority for every enterprise. A new generation of innovative digital technology is now available for enterprises to use to optimize the operations and supply chain, aligning it to customer demand and the fulfillment of products and services. Utilizing this technology can dramatically improve the value of products and services; failing to embrace them can decrease it. The effective application and use of analytics, collaboration, machine learning (ML), planning and Internet of Things (IoT) can increase the agility of the supply chain across sourcing, manufacturing, distribution and logistics to ensure full value is realized from the inventory of products.

Ventana Research selected IFS for the 17th Annual Operations and Supply Chain Digital Innovation Award for its IFS.ai, which integrates AI directly into its IFS Cloud offering. This facilitates the ability of enterprises to achieve the benefits from practical applications of AI to accelerate informed decision-making, promote productivity and achieve operational performance gains. Its IFS.ai Copilot affords an improved user experience and individual performance by providing timely knowledge and guidance in handling tasks. The software is able to apply ML to the IoT to find ways to streamline processes and their use of people, assets and services. It can improve capacity utilization, accelerate throughput and improve yields.

IFS software offers a comprehensive suite of enterprise solutions designed to streamline and optimize business operations across various industries. It manages core business processes such as finance, HR, supply chain and manufacturing through its Enterprise Resource Planning (ERP) module. Additionally, it helps enterprises maintain and manage their physical assets with Enterprise Asset Management (EAM) and optimizes field service operations through Field Service Management (FSM). The software also enhances customer interactions and relationships via Customer Relationship Management (CRM) and manages employee lifecycle processes, including payroll and talent management, with Human Capital Management (HCM). By integrating these functionalities into a single, cloud-based platform.

Enterprises should find practical ways to accelerate their ability to apply AI to improve their operations and performance. If you have not examined how IFS, IFS Cloud and IFS.ai can help your enterprise, it is well worth your time. Congratulations, IFS, for your continued innovation.