IFS has announced that it will be participating in the Asset Integrity and Process Safety Conference & Exhibition at King Abdullah Cultural Center- Jubail, Kingdom of Saudi Arabia, on 3 – 4 May 2023. The company will present its latest additions to IFS Cloud and demonstrate how IFS’s solutions can help to educate the Middle East market on the value of Asset Integrity and the benefits of implementing an effective Asset Integrity program.
“Asset Integrity is crucial for ensuring the safe and efficient operation of industrial assets. It is not only important for safe operations but also for regulatory compliance”, said Nils J. van der Zijl, General Manager of EAM at IFS. “We offer comprehensive Asset Integrity solutions that can help energy & resources companies to manage their assets throughout their entire lifecycle, improve asset performance, and reduce risk. We are also looking forward to participating in the event and meeting existing and potential customers to expand our outreach in the region.”
IFS will be showcasing the use of IFS Cloud Intelligent Asset Performance Management to detect anomalies and upcoming failures, based on time series of data and Machine Learning. Alongside, IFS will also highlight its best-in-class Maintenance Planning & Scheduling, an AI-based maintenance optimization solution that runs while being integrated with third-party EAM systems. It supports customers in constantly optimizing their maintenance plans in alignment with their production plans.
Additionally, IFS will introduce the use of IFS Cloud’s WISE (What-If-Scenario-Explorer) to showcase the simulation and comparison of various maintenance strategy scenarios and assess their related risk and opportunity. “Aging assets with high operational cost, legacy-based infrastructure and systems, and a lack of digital transformation in traditional industries are a few of the crucial challenges the industry faces today. Our latest solutions will ultimately support organizations in achieving the desired business resilience to ensure alignment with their corporate objectives,” Nils added.