SOFTWARE company IFS expects to generate revenue expansion in the double digits this year and is looking to benefit from growth in the manufacturing and aerospace industries.
Sridharan Arumugam, vice president for Southeast Asia at IFS, a Sweden-based developer of enterprise software, said it had identified Thailand as having the highest growth potential for its enterprise resource planning (ERP) solutions and platform services in the Asia Pacific region – beating Singapore and Malaysia.
The firm also announced its IFS Applications 10 offering, to run on its Aurena platform, for the Thai market.
The company has more than 8,500 users, with around 150 customers, in the region.
For the Thai market, it has cooperated with partners, such as NEC, provides its solutions in support of Japanese customers,
“Thailand offers high potential and continuing growth for our business,” Arumugam said.
“The top customers in Thailand are in the manufacturing, aerospace and automotive industries.”
He said that the launch of IFS Applications 10, for the Aurena platform, comes as a new version of its enterprise applications suites.
Built to help customers capitalise on disruptive industry trends such as automation and connected devices under the Internet of Things, as well as servitisation, the new version helps companies connect their business to a digital backbone.
It features the IFS Aurena Bot that empowers users to interact with the system via voice or textual input in an intuitive and efficient way, Arumugam said.
It also supports process manufacturing including new and extended capabilities for traceability, quality management, recipe and formula management, batch balancing, rework and trade management, he said.
It is available as a managed service in the cloud, as software as a service (SaaS) and on premises. It also supports various platforms, including desktop PC, tablet, smartphone and notebook.
Arumugam said the company believes that artificial intelligence and the Internet of Things will be important innovations that drive the service industry in 2018.