IFS to showcase AI innovations for utility asset management
Leading enterprise software company IFS will be showcasing its latest industrial artificial intelligence (AI) capabilities for asset management at the World Utilities Congress which kicks off tomorrow (May 27) in Abu Dhabi.
At the three-day event, IFS will showcase how it is helping utilities modernise aging infrastructure, enhance operational resilience, and accelerate sustainability goals through a fully integrated Asset Lifecycle Management (ALM) approach.
A key highlight will be IFS's application of Industrial AI in transforming Asset Management. By shifting from reactive maintenance strategies to predictive and prescriptive approaches, IFS's solutions allow utility companies to proactively manage their assets, reduce downtime, optimize investments and boost long-term performance.
Founded in 1983 by five university friends in Sweden, IFS today has grown into a global leader with over 7,000 employees in 80 countries.
Earlier this year, IFS launched its latest release, IFS Cloud 25R1, which brings powerful AI capabilities directly to utility professionals, whether in the field or in the control centre.
This platform is engineered to address the modern challenges faced by energy, water, and infrastructure organizations, helping them manage assets, people, and performance with unprecedented efficiency.
During the three-day event, the Swedish group will also be actively taking part in two key panel discussions.
Vijay Jaswal, CTO, APJMEA will be joining the 'The Next Frontier: Revolutionizing Water Infrastructure with Smart Innovation and Collaboration' panel on May 28 and Andrew Sutherland, Senior Vice President at IFS, will join the 'Driving Scale and Responsible Growth in Carbon Markets' panel on May 29.
With the region's push towards renewable energy, smart grids, and digital transformation, utilities in the Middle East are under increasing pressure to modernise their operations while ensuring service reliability.
IFS is at the forefront of this transition, offering solutions that enable smart asset and workforce management, optimised service delivery, and data-driven decision-making, said its top official.
"With IFS Cloud 25R1, we are putting industrial AI to work in the places it matters most: on the grid, in the pipeline, and out in the field. This release empowers utilities to predict, prevent, and perform at a level never before possible," remarked Jaswal.
"Additionally, utility organisations across the Middle East are facing immense pressure to balance rapid infrastructure expansion, energy transition goals, and service reliability. IFS is committed to supporting these organisations with an integrated platform that ensures they remain competitive, compliant, and aligned with both national visions and global energy targets," he added.
Unlike traditional, fragmented point solutions, IFS unifies critical functions such as Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP), Field Service Management (FSM), Artificial Intelligence Platforms (AIP), and Industrial AI into a single composable platform.
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