Latest news with #IndustrialAI
Zawya
5 days ago
- Business
- Zawya
IFS appoints Kriti Sharma as CEO of Nexus Black
Strategic appointments strengthen IFS's leadership in Industrial AI and fast-track the delivery of contextual, agentic solutions for complex industries Dubai, United Arab Emirates – IFS, the leading provider of enterprise cloud and Industrial AI software, today announced the appointment of Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS's commitment to Industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it serves. Sharma is a globally recognized AI leader with a strong track record in building enterprise AI products and scaling responsible AI initiatives. She joins IFS from Thomson Reuters, where she served as Chief Product Officer for LegalTech, leading major AI transformations. She previously held senior AI roles at Sage Group and GfK, and is a non-executive board member of Rightmove PLC. Her work has been recognized by Forbes 30 Under 30, the UK Prime Minister's Points of Light award, and the United Nations, where she was named a Young Leader for her contributions to ethical and inclusive AI. As CEO of Nexus Black, IFS's AI innovation accelerator launched earlier this year, Sharma will lead the design and delivery of domain-specific, agentic AI for industries such as manufacturing, energy, aerospace, and construction. She will work closely with customers to deliver practical, scalable applications that solve complex, high-value, industry-specific challenges. Kriti Sharma, CEO of IFS Nexus Black, said: 'GenAI was just the starting line. The real opportunity lies beyond generic tools. The revolution happens with contextual, agentic AI that solves deeply complex, industry-specific problems. From predicting critical asset failures to optimizing global supply chains, with Nexus Black we're not just building AI – we're building intelligence that works in the real world.' Joining Sharma is Nick Vandivere, appointed Chief Innovation Officer, Nexus Black. Vandivere also joins from Thomson Reuters and will lead the expansion of IFS's Industrial AI pipeline. He will focus on frontier use cases and strategic technology investments, working closely with Sharma to accelerate agentic AI delivery across the IFS Cloud platform. Mark Moffat, CEO of IFS, said: 'This is a critical moment in our AI journey. We're not just exploring what's possible, we're building what's needed. With Kriti at the helm of Nexus Black and an exceptional team of leaders driving innovation across our business, IFS is uniquely positioned to deliver Industrial AI that is contextual, agentic, and deeply relevant to the industries we serve.' These appointments reflect IFS's continued investment in delivering intelligent automation, real-time decision-making, and AI agents purpose-built to solve the challenges of industries that maintain critical infrastructure and services. -Ends- About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit to learn why. IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe Director of Corporate & Executive Communications NORTH AMERICA / LATAM: Mairi Morgan Director of Corporate & Executive Communications
Yahoo
08-07-2025
- Business
- Yahoo
IFS appoints Kriti Sharma as CEO of Nexus Black and expands AI leadership team to accelerate Industrial and Agentic AI innovation
Strategic appointments strengthen IFS's leadership in Industrial AI and fast-track the delivery of contextual, agentic solutions for complex industries LONDON, July 8, 2025 /PRNewswire/ -- IFS, the leading provider of enterprise cloud and Industrial AI software, today announced the appointment of Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS's commitment to Industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it is a globally recognized AI leader with a strong track record in building enterprise AI products and scaling responsible AI initiatives. She joins IFS from Thomson Reuters, where she served as Chief Product Officer for LegalTech, leading major AI transformations. She previously held senior AI roles at Sage Group and GfK, and is a non-executive board member of Rightmove PLC. Her work has been recognized by Forbes 30 Under 30, the UK Prime Minister's Points of Light award, and the United Nations, where she was named a Young Leader for her contributions to ethical and inclusive CEO of Nexus Black, IFS's AI innovation accelerator launched earlier this year, Sharma will lead the design and delivery of domain-specific, agentic AI for industries such as manufacturing, energy, aerospace, and construction. She will work closely with customers to deliver practical, scalable applications that solve complex, high-value, industry-specific Sharma, CEO of IFS Nexus Black, said: "GenAI was just the starting line. The real opportunity lies beyond generic tools. The revolution happens with contextual, agentic AI that solves deeply complex, industry-specific problems. From predicting critical asset failures to optimizing global supply chains, with Nexus Black we're not just building AI – we're building intelligence that works in the real world."Joining Sharma is Nick Vandivere, appointed Chief Innovation Officer, Nexus Black. Vandivere also joins from Thomson Reuters and will lead the expansion of IFS's Industrial AI pipeline. He will focus on frontier use cases and strategic technology investments, working closely with Sharma to accelerate agentic AI delivery across the IFS Cloud Moffat, CEO of IFS, said: "This is a critical moment in our AI journey. We're not just exploring what's possible, we're building what's needed. With Kriti at the helm of Nexus Black and an exceptional team of leaders driving innovation across our business, IFS is uniquely positioned to deliver Industrial AI that is contextual, agentic, and deeply relevant to the industries we serve."These appointments reflect IFS's continued investment in delivering intelligent automation, real-time decision-making, and AI agents purpose-built to solve the challenges of industries that maintain critical infrastructure and services. IFS Press Contacts:EUROPE / MEA / APJ:Adam GillbeDirector of Corporate & Executive AMERICA / LATAM:Mairi MorganDirector of Corporate & Executive This information was brought to you by Cision The following files are available for download: press release kriti View original content: SOURCE IFS Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tahawul Tech
02-07-2025
- Business
- Tahawul Tech
IFS aims to launch an industrial AI workforce via new acquisition
IFS, the leading provider of enterprise cloud and Industrial AI software, recently announced the acquisition of TheLoops, a cutting-edge innovator in autonomous AI agent technology. By applying TheLoops agentic capabilities in the industrial setting, IFS becomes the first vendor to offer an AI Agentic platform built specifically for the mission-critical assets and processes industries rely on. IFS's acquisition of TheLoops marks a shift from enterprise software that tracks work to software that does the work. It's the first enterprise-grade AI agent platform designed to deliver resilience, productivity, and measurable ROI – not as a co-pilot, but as a co-worker – while keeping security and governance in check from day one. Mark Moffat, Chief Executive Officer, IFS, commented: 'The opportunity AI presents to mission-critical industries is immense, but needs to be structured around real value capture. The agentic capabilities that TheLoops provides our customers will enable them to transform their processes, operational efficiency and how they differentiate in the Moments of Service they provide their customers'. He continued: 'Our customers can leverage intelligent digital teammates who understand their business from day one, agents that speak their industrial language, follow their rules, and operate securely in their workflows. With TheLoops, we're providing a platform that makes Industrial AI agentic, actionable, and available – at scale. This is IFS extending its lead in Industrial AI'. TheLoops acquisition turbocharges the IFS solution, delivering a multi-agent environment where autonomous AI agents are not only composable and governed but also semantically aware of their operating environment. By embedding these AI agents across its industrial suite, IFS is creating a digital workforce purpose-built for regulated, asset-intensive sectors. Combining TheLoops AI agent platform with the IFS industry knowledge creates agents that: Understand the semantics of an industry and business; Participate in real enterprise workflows side-by-side with humans; Adhere to customer-defined security, data access, and compliance standards; Collaborate with specialized agents across integrated domains. The result is a new era of automation, where intelligent agents continuously search, reason, and act to streamline operations, increase capacity, and free up skilled workers for higher-value tasks. It goes beyond traditional AI's pattern recognition and prediction to enable truly autonomous decision-making and execution. Somya Kapoor, CEO, TheLoops, said: 'At TheLoops, our mission has always been to deliver AI that drives action, not just insight. By joining forces with IFS, we're taking that vision to a whole new level. Together, we're delivering AI autonomous agents that understand the real-world complexity of industrial environments – what work needs to be done, how to do it, and how to do it securely, ethically, and at scale. This isn't experimental; it's transformational. I'm incredibly excited to bring this innovation to customers around the world'. Aly Pinder, Research Vice President, Aftermarket Services Strategies, IDC: 'AI is disrupting our world, but nowhere is the potential impact more pronounced than in the Industrial setting. IFS's acquisition of TheLoops is addressing a huge opportunity for asset intensive and service obsessed industries, where agentic decision making will enable organisations to rethink their digital workforce, so they can improve the way they serve their own customers. IFS is well-positioned to lead this shift in each of the industries it serves – bringing intelligent automation that's not just smart, but situationally aware and operationally impactful'. Image Credit: IFS & TheLoops
Zawya
23-06-2025
- Business
- Zawya
IFS appoints Shawn Juister as President, Energy & Resources
Dubai, United Arab Emirates – IFS, the leading provider of enterprise cloud and Industrial AI software, today announced the appointment of Shawn Juister as President, Energy & Resources, reflecting IFS's strong growth in the sector and new product investment. Juister has joined the IFS executive leadership team, bringing more than 20 years of experience to the company. With this appointment, IFS continues to strengthen its focus on the Energy & Resources (E&R) sector, which includes asset-intensive and service-centric customers in Energy and related industries. Juister will be responsible for driving accelerated growth in the sector, deepening customer value, and executing IFS's ambitious E&R product roadmap. Juister has previously held global leadership positions across software, energy, and asset-intensive industries. He brings deep experience in enterprise software and commercial transformation, including senior roles at Hitachi Energy and RPM Global, where he delivered significant revenue growth and led major go-to-market and SaaS transitions. 'Shawn is an accomplished software executive with a track record of scaling enterprise businesses and delivering commercial transformation,' said Max Roberts, Chief Operating Officer at IFS. 'His leadership will be instrumental as we double down on our momentum in Energy & Resources, following landmark customer wins such as Total Energies, and as we bring our next-generation AI-powered industry solutions to market.' Shawn Juister, President, Energy & Resources, IFS, added: 'Now is a very exciting time to join IFS. The company is extending its leadership and investment in solutions tailored for the energy industry in parallel with the energy sector undergoing major strategic and digital transformation. I am looking forward to working with our customers to capitalize on the opportunities for growth.' About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector.
Zawya
02-06-2025
- Business
- Zawya
IFS Cloud 25R1 Release accelerates path to value from Industrial AI
Dubai, United Arab Emirates – IFS, the leading provider of enterprise cloud and Industrial AI software, unveiled new Industrial AI-powered features introduced with into the latest IFS Cloud 25R1 release. With Industrial AI and sustainability at its core, this new release incorporates agentic industrial AI capabilities that enable customers in asset and service-intensive industries to rapidly drive value from Industrial AI at scale. With 200+ AI-based capabilities now available in IFS Cloud, customers can automate workflows and leverage industrial agents throughout the entire asset lifecycle and across manufacturing processes – from supply chain augmentation, through to critical service capabilities. New capabilities include: Forecasting and Inventory Replenishment helps customers accelerate demand planning and inventory replenishment for spare parts, so they can optimize global and centralized stock management. It calculates safety stock, reorder points, and optimal lot sizes for parts used in the maintenance process from service and asset part demand. XD Integration and Visualization unlocks deeper insights by bringing 2D or 3D data into IFS Cloud, accelerated by AI-powered data mapping. Early visibility empowers proactive decision-making across maintenance and engineering teams, paving the way for more efficient and maintainable assets. Technicians visualize parts requiring attention within 3D models overlaid with maintenance information like open work orders, while engineering teams benefit from graphical performance data and real-time alerts to address asset maintenance faster. AI Data and Work Generation from Documents saves time and effort. It extracts data and recommendations from third-party contractor maintenance reports improving follow-up maintenance work identification and next steps. Summarized Supply Chain Events transforms unstructured data into valuable insights, so customers have better sight across their critical supply and production processes. At a time where countries, industries and businesses are evaluating how they can navigate macroeconomic swings, this level of insight can provide control and resilience that has not previously been achievable. Copilot for Sales Quotation enhances customer service efficiency, boosts sales through better recommendations, and increases revenue by reducing order errors and improving productivity. Copilot for Shipment Order improves supply chain matrix with automated and flexible freight selection enhances sales team productivity and customer services. Copilot for Customer Order enhances supply chain analysis leveraging AI to summarize important events related to orders in supply chain scenarios. Provides deeper insights and speeds up decision-making leading to better service and improved stakeholder communication. Operation Time Prediction improves operational efficiency, reduces delay costs, and enhances customer satisfaction by using AI/ML to predict shop order operation times and identify potential delay risks. Early identification helps prevent delays, mitigate their impact, uncover systematic issues, and enable adjustments to planned data. Emissions Management in IFS Cloud supports Scope 1 and 2 emissions, management and reporting allowing customers to calculate emissions and accurately track progress against 160,000+ verified emissions factors (thanks to IFS's global partnership with Climatiq). Christian Pedersen, Chief Product Officer, IFS, commented: 'IFS's ability to deliver AI in the industrial setting is rooted in solving real, complex industrial challenges. isn't speculative; it's already helping the world's largest industrial companies navigate and lead at a time where supply chains and production have been challenged. The company's consistent growth and increasing number of real-world AI capabilities show the enduring value to customers who are choosing IFS over monolithic giants due to our specialized focus, inherent agentic capabilities, and agile integration of AI advancements. 'This targeted approach allows us to offer tailored solutions that align closely with the unique challenges and requirements of these complex industries. This is embodied by the new features available in 25R1. Our mission is to power the next industrial revolution with AI, and I am proud of the impactful advancements we are bringing to customers in 25R1.' As the regulatory and geopolitical landscape evolves, IFS Cloud enables enterprises to anticipate disruption, optimize planning and production cycles, and strengthen operational resilience while meeting sustainability goals, profitably. IFS has made an introductory offer available until the end of June offering customers a risk-free way to track and see the value from AI on performance and operational efficiency with minimal effort. A 12-month subscription provides access to all of the Use Cases in IFS Cloud, as well as initial consumption tokens to get started. is made available with monitored AI consumption across the business and with standardized consumption rates removing the risk of variable costs affecting the bottom line. About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that service, power, and protect our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector.
