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Role of Manufacturing CFO 4.0 Indispensable as Industry Accelerates Digital Transformation Efforts

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SYSPRO has today announced new research, which reveals that the role of CFO 4.0 within the manufacturing sector will be crucial as the industry shifts towards increased digital transformation in the ‘new normal’. The study, which was conducted in October 2020 and led by SYSPRO, assessed the sentiment amongst senior level Chief Financial Officers within manufacturing sectors across the US, CanadaAfrica and Asia Pacific (including Australia).

Key findings outlined in the SYSPRO 2020 Manufacturing CFO 4.0 Survey Report include the return of business confidence, the rise a more robust role for the CFO within an increasingly digitised manufacturing sector and the acceleration of Industry 4.0 as a means to overcome future disruptions.

The Imminent Return of Business Confidence

When asked about how their business had fared during the pandemic, 47% of businesses indicated that their enterprise had fared well. This pattern was particularly pronounced in the Asia Pacific region, where 75% of respondents gave an answer of between three and five in terms of how they had fared during the pandemic.

The ability for businesses to weather the COVID-19 storm was particularly prevalent amongst manufacturers involved in the production/distribution of essential goods such as Food & Beverage (25%) during lockdowns as well as those who has the ability to augment their existing digital activities and adapt to ecommerce models.

Drilling down further into the data, size of an organisation also played a vital role in determining its ability to survive the pandemic. Companies with 51+ employees were significantly more likely to report having fared as well as, or better than, expected.

The levels of optimism uncovered by our survey suggest that CFOs – who are increasingly responsible for risk management in their organisations, now see COVID-19 as manageable in a business context, rather than terminal.

The report also indicated an overall return of business confidence, where almost 50 percent of businesses have already recovered or expect to do so by the end of 2020. A further 30 percent expected to return to pre-pandemic trading conditions by the end of Q2 2021.

CFOs in Manufacturing to Play a Vital Role in Recuperation

The study revealed that CFOs will be instrumental in engineering the bounce-back. When asked how they plan to boost their business in the upturn, almost 83 percent of businesses identified cost-cutting including the curbing discretionary spending and reducing overheads as a strategy. Over 70 percent of businesses also indicated that they would be exploring new revenue models with the aim for increased customer engagement through digital channels.

When asked about their immediate priorities for 2021, 70 percent indicated that they would prioritise the maintenance of margins and 67 percent identified the need to manage cashflow, both traditional CFO functions.

Surprisingly; however, the study also revealed that in addition to playing a traditional function, CFOs will also be expected to make informed technology investment decisions as a way of ensuring the interconnectedness of all aspects of manufacturing operations, as well as leveraging Business Intelligence to acquire and assess data that can then be used as the basis for strategic decisions.

The Acceleration of Industry 4.0

While Industry 4.0 has been around for a number of years, the expanded scope of the CFO role will contribute to the acceleration of digital transformation. When asked about areas of technological investment, only 19.3 percent of respondents confirmed that they would replace ageing machinery in 2021. Rather, the emphasis is on investing in technology to make manufacturing smarter and less vulnerable to future disruptions.

In fact, over 52 percent of businesses identified the investment in enterprise technology such as ERP, BI and CRM as a key strategic focus area. The goal here is better clarity and transparency of information across the business to enable enhanced decision-making in real-time. According to Sanjay Galal, CFO, SYSPRO Asia Pacific, “Enterprise Resource Planning and Business Intelligence were identified as vital, thanks to their information-gathering, processing and analysis capabilities. In uncertain trading conditions, better, more accurate and more timeous data allows for smarter decision making, as well as supporting strategic decisions through trend identification and assessment.”

The study goes on to reveal that 44% of respondents singled out warehouse and advanced manufacturing process automation as a key focus area. This is to some extent a decision that has been imposed on manufacturing concerns by the pandemic, but it also suggests a longer-term outlook in which many current human roles will be replaced in the name of both efficiency and safety.

“The challenge for the CFO 4.0 will be to continue to deliver financial leadership whilst also focusing on more strategic and operational aspects. In preparing for the role of CFO 4.0, businesses need to embrace technology, empower people through upskilling initiatives and have a clear business case for Industry 4.0.” concludes Sanjay.

Artificial Intelligence

Vehicle Armor Materials Market worth $9.3 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, March 19, 2024 /PRNewswire/ — The report “Vehicle Armor Materials Market by Type (Metals & Alloys, Ceramics, Composites, Fiberglass, Aramid Fibers), Application (Defense, Para Military, Police, Security Agencies, Personal), and Region (North America, Europe, APAC, ROW) – Global Forecast to 2029”, is projected to reach USD 9.3 billion by 2029, at a CAGR of 6.7% from USD 6.7 billion in 2024.

The growth of the vehicle armor materials market is propelled by a confluence of factors that highlight the evolving demands of modern security and defense requirements. At the forefront, increasing geopolitical tensions and the proliferation of asymmetric warfare have heightened the need for enhanced protective measures for military and civilian vehicles alike. Nations around the world are investing in advanced armor solutions to safeguard personnel and assets against a diverse array of threats, including ballistic, blast, and improvised explosive devices (IEDs). This necessity has catalyzed significant research and development efforts aimed at creating materials that offer superior protection without compromising vehicle performance, leading to innovations in lightweight composites, ceramics, and high-strength alloys. Technological advancements play a pivotal role, enabling the development of materials that provide improved ballistic resistance, durability, and multi-threat protection. The drive for lighter, more efficient armor solutions reflects the dual need for mobility and security, particularly in military contexts where operational flexibility and fuel efficiency are crucial. Moreover, the civilian sector’s growing interest in personal security has expanded the market for armored vehicles, further stimulating demand for advanced armor materials. Regulatory frameworks and defense spending also significantly influence market dynamics. Governments and international bodies are implementing stringent safety standards and investing in modernization programs for defense forces, which, in turn, drives the procurement of vehicles equipped with the latest armor technologies. Additionally, the push towards standardization and interoperability in defense procurement across alliances like NATO encourages the adoption of advanced materials that meet these unified standards. Environmental considerations are increasingly becoming a factor in the development and selection of armor materials, as stakeholders seek sustainable options that reduce the environmental impact of manufacturing and disposal. This shift towards eco-friendly materials aligns with broader global initiatives to combat climate change and promotes the integration of green technologies in the defense sector. In essence, the growth of the vehicle armor materials market is driven by a complex interplay of security needs, technological innovation, economic factors, and environmental considerations. Together, these elements underscore the market’s response to the pressing demands for protection in an uncertain world, ensuring continued investment and development in the field of advanced armor materials.
Browse in-depth TOC on “Vehicle Armor Materials Market”
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“Defense by application is projected to be the largest, in terms of value, during the forecast period.”
The defense sector stands as the largest market for vehicle armor materials due to several key factors that uniquely position it as the primary driver of demand within the industry. Firstly, defense organizations worldwide prioritize the protection of military personnel and assets, necessitating the deployment of armored vehicles equipped with advanced protective solutions. The nature of modern warfare, characterized by asymmetrical threats, guerrilla tactics, and the proliferation of sophisticated weaponry, underscores the critical importance of effective armor materials in safeguarding against ballistic, blast, and improvised explosive device (IED) threats. Furthermore, defense budgets allocated by governments and international organizations prioritize investments in vehicle armor materials as part of broader defense modernization efforts. With significant financial resources dedicated to enhancing military capabilities and ensuring force readiness, defense procurement programs drive substantial demand for state-of-the-art armor technologies. This sustained investment enables defense contractors and material suppliers to innovate and develop advanced armor materials that meet the stringent requirements of military specifications and standards. The defense sector’s prominence in the vehicle armor materials market is also underscored by its unique operational requirements and mission profiles. Military vehicles must withstand a wide range of threats while maintaining mobility, agility, and operational effectiveness in diverse environments. This necessitates the use of lightweight yet durable materials that offer superior protection without compromising vehicle performance. Additionally, the need for interoperability and compatibility with existing vehicle platforms further drives demand for armor materials that can be seamlessly integrated into various defense systems and vehicle architectures. Moreover, the defense sector serves as a catalyst for technological innovation and research in armor materials. Defense contractors collaborate with leading material scientists, research institutions, and technology companies to develop cutting-edge solutions that push the boundaries of material science and engineering. These collaborative efforts result in continuous advancements in armor materials, including lightweight composites, advanced ceramics, and high-strength alloys, which not only enhance protection but also contribute to overall vehicle performance and survivability.
“Paramilitary by application is projected to be the second largest, in terms of value, during the forecast period.”
The paramilitary sector emerges as the second largest segment in the vehicle armor materials market due to several significant factors that reflect its distinct operational needs and security challenges. Firstly, paramilitary organizations, including law enforcement agencies, border security forces, and private security firms, face a wide range of threats like those encountered by military forces. These threats include armed attacks, insurgent activities, organized crime, and terrorism, necessitating the deployment of armored vehicles equipped with advanced protective solutions. Paramilitary organizations often operate in high-risk environments where the risk of encountering ballistic and blast threats is prevalent. As such, there is a growing recognition of the importance of vehicle armor materials in ensuring the safety and security of personnel engaged in law enforcement and security operations. This awareness drives the demand for armored vehicles specifically tailored to paramilitary requirements, such as armored personnel carriers, riot control vehicles, and convoy protection vehicles, among others. Moreover, the increasing frequency and severity of security incidents globally have prompted paramilitary organizations to invest in enhancing their protective capabilities. This includes procuring armored vehicles and outfitting existing vehicles with advanced armor materials to mitigate risks and improve operational effectiveness. The paramilitary sector’s focus on rapid response and crisis management further underscores the need for agile and adaptable armor solutions that can withstand diverse threats while maintaining mobility and situational awareness. Additionally, regulatory and safety standards play a crucial role in driving demand within the paramilitary segment. Governments and regulatory bodies impose stringent requirements on law enforcement and security agencies to ensure the safety and well-being of personnel and civilians during operations. Compliance with these standards necessitates the adoption of certified armor materials that meet or exceed established safety and performance criteria, driving demand for high-quality armor solutions within the paramilitary sector. Furthermore, the paramilitary sector benefits from technological advancements and innovations in armor materials developed for military applications. Many of the materials and technologies initially developed for military use are adapted and applied to paramilitary vehicles, providing paramilitary organizations with access to state-of-the-art armor solutions that offer superior protection and performance.
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“Metal & Alloys by type segment is projected to be the largest, in terms of value, during the forecast period.”
Metals and alloys constitute the largest segment of the vehicle armor market, playing a foundational role in providing robust protection against ballistic threats and explosions. This dominance is rooted in the long-standing use of metals such as steel, aluminum, and titanium in armor applications, owing to their inherent strength, durability, and versatility. Steel remains a staple material in armored vehicle construction due to its excellent ballistic resistance and cost-effectiveness.
Alloys, which are combinations of metals with other elements, further enhance the performance of armor materials by imparting specific properties such as increased hardness, toughness, and corrosion resistance. Advanced alloy compositions, including high-strength steels and aluminum alloys, enable armor designers to achieve optimal balance between protection and weight, crucial for maintaining vehicle mobility and agility on the battlefield. Moreover, metals and alloys offer flexibility in armor design and manufacturing processes, allowing to produce custom-shaped armor components tailored to fit specific vehicle configurations and protection requirements. This adaptability is essential for addressing diverse threats and operational environments encountered by military and paramilitary forces. Furthermore, metals and alloys are readily available materials with established manufacturing processes, making them accessible and cost-effective options for armor applications. Their widespread use in the automotive and aerospace industries also ensures a mature supply chain and robust quality control standards, contributing to the reliability and performance of armored vehicles. While other materials such as composites and ceramics have gained traction in certain applications, metals and alloys remain the preferred choice for primary armor components, particularly in heavy armored vehicles such as main battle tanks and armored personnel carriers. Their proven performance, reliability, and affordability cement their position as the largest segment of the vehicle armor market, serving as the backbone of protective solutions for military, law enforcement, and civilian vehicles worldwide.
“Asia Pacific is expected to be the fastest growing market for vehicle armor materials during the forecast period, in terms of value.”
The Asia-Pacific region emerges as the fastest-growing region in the vehicle armor materials market due to several key factors that underscore its dynamic economic, geopolitical, and security landscape. Firstly, the region’s rapid economic growth, industrialization, and urbanization have led to increased defense spending among many countries, driven by the need to modernize military capabilities and address emerging security challenges. This substantial investment in defense procurement programs stimulates demand for vehicle armor materials to equip military fleets with advanced protective solutions. Moreover, the Asia-Pacific region is characterized by diverse security threats, including territorial disputes, geopolitical tensions, and transnational terrorism, which necessitate robust protective measures for military and paramilitary forces. Heightened security concerns have prompted governments to prioritize investments in armored vehicles equipped with the latest armor technologies to ensure the safety and security of personnel and assets. Additionally, the rise of asymmetric warfare and non-traditional security threats, such as insurgency, piracy, and cyber-attacks, further drives demand for vehicle armor materials across the Asia-Pacific region. Paramilitary forces and law enforcement agencies increasingly require armored vehicles capable of withstanding ballistic, blast, and improvised explosive device (IED) threats in challenging operational environments. Furthermore, the Asia-Pacific region benefits from a burgeoning automotive industry, which serves as a significant driver of demand for vehicle armor materials. The increasing popularity of armored civilian vehicles, including luxury cars, SUVs, and commercial vehicles, reflects growing concerns over personal security and the protection of high-profile individuals, government officials, and corporate executives in the region.
Additionally, technological advancements and innovations in armor materials play a pivotal role in driving market growth in the Asia-Pacific region. Rapid advancements in material science and engineering enable the development of lightweight composites, advanced ceramics, and high-strength alloys that offer superior ballistic resistance while reducing vehicle weight and improving fuel efficiency — factors that are particularly relevant in the context of military and civilian vehicle applications in the region. Furthermore, government initiatives aimed at fostering domestic defense industries and enhancing self-reliance in defense manufacturing contribute to the growth of the vehicle armor materials market in the Asia-Pacific region. Investments in research and development, technology transfer agreements, and collaborations with international defense contractors facilitate the indigenous production of armor materials and armored vehicles, driving market expansion and innovation.
The key players in this market are DuPont de Nemours, Inc (US), Saint-Gobain SA (France), ATI, Inc. (US), Honeywell International Inc. (US), Teijin Limited (Japan), Alcoa Corporation (US), Tata Steel Limited (India), Ceramtec (Germany), SAAB AB (Sweden), Morgan Advanced Materials (UK) etc.
Browse Adjacent Market: Ceramics and Glass Market Research & Consulting
Related Reports:
Armor Materials Market – Global Forecast to 2027
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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SUSE Strengthens Container Management Portfolio to Help Platform Engineering Teams Manage at Scale, Support AI/ML Workloads

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New enterprise-grade capabilities added to Rancher Prime 3.0 include enabling platform engineering teams to deliver self-service PaaS; general availability of the Rancher Prime Application Collection; and enhanced AI/ML workload supportOptimized SUSE Edge 3.0 enables security and scalability through open sourcePARIS, March 19, 2024 /PRNewswire/ — SUSE®, the company behind SUSE Linux Enterprise, Rancher Prime, and NeuVector Prime, today announced enhancements across its cloud native and Edge portfolio to enable customers to securely deploy and manage business-critical workloads anywhere. New capabilities in Rancher Prime 3.0, SUSE’s commercial offering of Rancher, the industry’s most widely adopted open source enterprise container management platform, and SUSE Edge 3.0 commit to enabling choice and providing secure platforms through 100 percent open source solutions.

“At SUSE, our commercial and open source users are equally important,” said Peter Smails, general manager of the SUSE Enterprise Container Management business unit.  “As such, our mission is two-fold; we need to deliver the capabilities our enterprise customers require in order to deploy and manage their business critical production workloads, while also continuing to invest in innovation to support and grow our huge community of open source users. Today’s announcement speaks to both.”
Security and Lifecycle Management, Enabling Self-Service PaaS with Rancher PrimeNew capabilities in Rancher Prime 3.0 help platform engineering teams deliver self-service Platform-as-a-Service (PaaS) to their developer communities, and enhanced support for AI workloads.
New Rancher Prime 3.0 enhancements include:
Enhanced secure software supply chain with SLSA certification and software bill-of-materials (SBOM) provides the trusted delivery enterprises need.Updated software lifecycle management delivers consistent, repeatable releases closely aligned with upstream Kubernetes lifecycleGeneral availability of Cluster API and new Cluster Classes enables platform engineering teams to deliver self-service PaaS, allowing them to scale with automation and accelerate code-to-production.General availability of the Rancher Prime Application Collection delivers open source applications through a single, trusted, enterprise-grade distribution platform.Certified Kubernetes distributions RKE2 and K3s have been enhanced to automatically detect/configure the use of NVIDIA’s container runtimes simplifying the deployment of AI/ML workloads.SUSE is also introducing Rancher Enterprise, a single package and price for the entire portfolio of Rancher Prime including multi-cluster management, OS management, VM management, persistent storage, and SUSE’s certified Linux OS, SUSE Linux Enterprise Micro.
Continued Investment in Open Source Innovation and CommunitySUSE continues to invest in open source innovation across its entire cloud native portfolio to support its large community of users.  Key enhancements include:
Harvester 1.3.0: GPU cards support creation of virtual GPUs (vGPUs) allowing users to assign a vGPU to one or more VMs created by Harvester and Arm support in technical preview is now available.Longhorn 1.6.0: The latest update to the Data Engine Version 2.0 technical preview enables seamless performance volume backup and restoration of operations between version one and two data engines.RKE2 and K3s:  NVIDIA GPU support and full Arm support have reached general availability.NeuVector Prime 5.3.0: New features include egress network connection visibility and GitOps automation and expanded support for arm64 architectures.To read a full list of updates see here.
SUSE Edge 3.0 extends the power of open source to the edgeCustomer demands to deliver superior edge experiences are increasing rapidly. According to IDC, 25 percent of enterprise infrastructure spending will be for edge1. SUSE Edge 3.0 is addressing these growing demands by delivering a highly validated, integrated, edge optimized stack.
“Edge is the next frontier of innovation, but many organizations face challenges – knowledge of how to deploy at this scale to resource constraints to technical debt – in accelerating transformation at the edge,” said Keith Basil, general manager of SUSE Edge business unit. “Edge is essentially about pushing business value and compute power to where the customers and the data are, where it does the best good.  SUSE Edge 3.0 is what teams need to deploy edge securely, confidently and at scale, ultimately helping them grow and sustain their competitive advantage.”
Purpose-built for the edge on SUSE’s 100 percent open source foundation, SUSE Edge 3.0 offers:
Fully integrated, cloud native edge platform: Increase efficiency across your edge infrastructure.Enterprise-grade security: Full platform, data center-grade security to every edge device, wherever it is located.Scalability: Easily deploy and manage edge infrastructure, from hundreds to tens of thousands of nodes.”Rancher Prime lets us manage everything that is underneath, all the way down to bare metal, or the edge. There are a number of other solutions out there, some of which may be better on specific parts of the chain, but SUSE Edge is providing the full chain,” said Hans Zenth, Technical Project Manager, R&D at Danelec. “It has actually been a benefit that this is a one-stop shop. It’s only SUSE taking full responsibility for the entire chain.”
Rancher Prime 3.0 and SUSE Edge 3.0 will be generally available in April 2024. To learn more, connect with SUSE at KubeCon Europe 2024 booth G5.
About SUSESUSE is a global leader in innovative, reliable and secure enterprise open source solutions, including SUSE Linux Enterprise, Rancher and NeuVector. More than 60% of the Fortune 500 rely on SUSE to power their mission-critical workloads, enabling them to innovate everywhere – from the data center to the cloud, to the edge and beyond. SUSE puts the “open” back in open source, collaborating with partners and communities to give customers the agility to tackle innovation challenges today and the freedom to evolve their strategy and solutions tomorrow. For more information, visit www.suse.com.
Media [email protected]
1 IDC, Worldwide Edge Enterprise Infrastructure Forecast, 2022-2027 (IDC #US5131392, November 2023)
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IFS Appoints Merlin Knott as President of IFS assyst

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LONDON, March 19, 2024 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that it has appointed Merlin Knott as President of the IFS Enterprise Service Management business. The appointment signals the company’s commitment to customer success and growth through new routes-to-market, reflecting the opportunity and value enterprise service management presents.

Following a career leading high-growth enterprise software channel organizations and regional teams including SAP, Cura Software, and MicroStrategy, Knott joined IFS in 2019 to run IFS’s strategically important global Partner and Channel organization. Under his leadership, IFS Partners grew to contribute over 40% of software license revenue and become an ecosystem that helped propel IFS’s growth trajectory.
In his new role leading the IFS assyst team, Knott will continue to focus on supporting our global customer base. He will bring a new dimension to what IFS assyst can offer customers across the IFS eco-system by commercializing IFS’s full suite of service offerings.
IFS assyst transforms how businesses can deliver internal service management including, IT services across their organization, and continue in their journeys to unify operational service management. Spanning enterprise service management, the IFS assyst solutions encompass self-service portals and searchable knowledge bases, dispatch service requests, remote assistance, and service parts availability. They also include field service execution, where users can receive service requests, check feasibility and provide service reports. IFS assyst deliver this while staying true to their commitment to deliver low total cost of ownership, quick time-to-value and a no-fuss experience.
Michael Ouissi, Group Chief Operating Officer, IFS, commented: IFS assyst offers a compelling value proposition for customers across the IFS portfolio and Merlin has the proven track record of being adept at finding routes-to-market that can drive rapid growth. This move signals our intent to increase market share as our competitors simply cannot offer the breadth and depth of our complete service management offering. I am looking forward to working with Merlin on this exciting next stage of growth.”
Merlin Knott, President, IFS assyst, commented: “I am incredibly excited about the opportunity to demonstrate to existing and future customers, the value that IFS assyst can deliver. IFS is the only solutions provider that can deliver comprehensive, end-to-end service solutions to customers across industries. We offer a single platform to deal with a range of customer inquiries, all while keeping the end user fully informed of activities and resolution timeline.”
About IFS
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers-at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
IFS Press Contacts:
MEA& APJ: Adam GillbeCorporate CommunicationsEmail: [email protected]: +44 7775 114 856
USA: Mairi MorganCorporate CommunicationsEmail: [email protected] Phone: +44 7918 607 299
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