by   |    |  Estimated reading time: 2 minutes  |  in Aerospace & Defense, Business Agility, Digital Transformation   |  tagged , , , , , ,

In the fast-paced aviation and defense industry, effective enterprise asset management (EAM) can be the difference between success and failure.

A lot can happen in nine years. In the defense arena the F-35 has moved from testing into production and been procured by over ten countries, and the USS Ford went from initial order, through complete construction and final delivery. In commercial aviation, the number of passengers traveling by air increased from 2.2bn in 2008 to 3.6bn currently. During the same timeframe, the industry has begun a period of digital transformation, which has caused a whole shift in the way companies do business.

Staying at the top

Throughout those nine years, IFS has remained the number one vendor of EAM software for the aerospace and defense sector with its leading position confirmed in August for the ninth consecutive year.

In an ever-evolving market, to remain the industry leader for so long requires constant innovation, and that’s exactly what IFS and its aviation and defense customers have been doing.

Advancing equipment and new business models

With the delivery of next-generation equipment came our delivery of the next generation of asset management. The F-35 uses the Autonomic Logistics Information System (ALIS) which takes health-usage monitoring to new heights, while maintenance contracts themselves are shifting to servitization-based agreements. Defense department equipment or commercial aircraft are now being supported by OEMs or third-party MRO providers who are paid according to performance-based contracts, not by the operators of the equipment themselves.

Enterprise asset management takes center stage

The ARC Enterprise Management Global Market Research Study found IFS has continued to increase its A&D market share to 26 percent – 10 percent more than each of the next three competitors. These 2016 figures do not take into account the gains following the acquisition of leading A&D software provider Mxi Technologies in December last year.

“IFS is particularly strong in the aerospace and defense industries worldwide,” explains Ralph Rio, Research Director for Enterprise Software, ARC Advisory Group. “Using its component architecture, IFS selects components that are required for each customer’s business processes and services. This approach allows IFS to provide an EAM solution that fits the client’s specific asset and lifecycle management needs.”

Forward-looking asset management

In the fast-paced aviation and defense industry, effective EAM can be the difference between success and failure. Those who lack the flexibility to adapt to meet digital transformation and new business models risk losing out – a lot can happen in nine years!

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