AVEVA and IFS to Advance AI-Powered Continuous Asset Decision Intelligence

AVEVA and IFS today announced a technology partnership to enable complex industrial organizations to connect operational intelligence, enterprise execution and strategic capital planning. This new solution turns real-time operational and asset data into smarter maintenance, investment, and execution decisions across the integrated asset lifecycle. The benefit for customers is simple: less guesswork and timelier, evidence-based decisions.

“Industrial intelligence only becomes real when you have the complete picture. Our partnership with IFS connects data and insights in powerful new ways, from sensor to boardroom. The architecture is right, the customer need is urgent, and the AI opportunity is now practical. This is what radical collaboration looks like in reality,” said Caspar Herzberg, CEO, AVEVA.

“IFS helps customers turn asset insight into action across maintenance, service, workforce and capital planning. Together with AVEVA, we can give customers the operational context and enterprise AI they need to decide what work to do, when to do it, and whether to repair, defer or replace — with evidence from signal to outcome,” said Mark Moffat, CEO, IFS.

One of the biggest challenges reported by industry leaders is that live operational data often sits with operations teams, while maintenance history, outage plans, spares, crew capacity and investment priorities are elsewhere. That data separation makes it hard to gain a holistic understanding of a complex asset or portfolio, slowing the time it takes to move from insight to action.

A reliability engineer, for example, sees an anomaly, however it falls to the maintenance planner who only has partial information to determine: Is there a fix already in the work plan? Has the asset failed in this same way before, or is this a one-off event? Should we expect similar failures at our other sites? Finally, should we repair, defer or replace?   The AVEVA-IFS partnership is designed to answer those questions in one connected decision flow where every participant in the value chain has the information and AI-enriched insight that they need to act with speed and confidence.