IFS has announced a definitive agreement to acquire Falkonry, Inc., a California-based industrial AI software company. This acquisition positions IFS to be able to provide AI-generated anomaly detection to drive automation and optimization of processes and workflows across its entire platform.
Falkonry's automated, high-speed data analysis caters to the manufacturing and defense industries. Its self-learning solution continuously monitors large volumes of data for assets, machines, systems, and industrial processes to discover and analyze unusual behavior and causes of failures.
The addition of Falkonry's self-learning anomaly detection solution furthers IFS's strategy to use AI pervasively to provide end-to-end intelligent insights in EAM across ERP, MES, PSO, FSM, and ESM technology to increase people and asset productivity.
This acquisition follows IFS's recent acquisition of Poka, a provider of connected worker technology. The combination of Falkonry and Poka with IFS Cloud positions IFS as a vendor for organizations wanting to establish progressive and effective Smart Factories of the future.