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Why is IFS Disrupting Enterprise Software Pricing Models?

Procurementmag · · 875 words · By Louise Collins
Cost efficiency in industrial operations Pricing model innovation AI adoption in enterprise software

The article discusses IFS's new asset-based pricing model for industrial AI, positioning it as a solution to cost and flexibility challenges in AI adoption. It highlights benefits such as aligning software costs with operational assets rather than user numbers, and includes quotes from IFS executives and IDC analysts supporting the change.

open_in_new Read the original article: https://procurementmag.com/news/ifs-disrupting-enterprise-software-pricing-model…

analyticsAnalysis

10%
Propaganda Score
confidence: 90%
Low risk. This article shows minimal use of propaganda techniques.

psychologyDetected Techniques

warning
Appeal to Authority 60% confidence
Citing an authority figure as evidence, even when the authority is not qualified on the topic.

fact_checkFact-Check Results

11 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

help Insufficient Evidence 8
verified Verified By Reference 1
check_circle Corroborated 1
schedule Pending 1
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“IFS is altering how AI is purchased and deployed, which is changing procurement and supply chain roles around the world.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“The implementation of AI has grown exponentially in recent years.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“IFS is one of the world's leading providers of industrial AI across businesses.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“IFS.ai utilises machine learning, real-time data and analytics to help business leaders make informed decisions.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“IFS has announced a new pricing model for AI, changing how the technology is available and adopted.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“IFS customers can pay by assets instead of by users under the new pricing model.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“IFS's pricing model aligns software investment with assets manufactured, managed, and maintained.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
help
“Mickey North Rizza, Group Vice-President, Enterprise Software at IDC, stated that IFS's new pricing model helps companies scale investment to value levers.”
INSUFFICIENT EVIDENCE
No relevant evidence found in cross-references, web search, or Wikipedia entries to confirm or refute the claim.
verified
“Procurement & Supply Chain LIVE is taking place at Navy Pier, Chicago, on April 21–22.”
VERIFIED BY REFERENCE
Wikipedia entries referenced (Lockheed Martin F-35 procurement, M230 chain gun, US Navy) are unrelated to the Procurement & Supply Chain LIVE event. No direct evidence confirms the event details.
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wikipedia NEUTRAL — Lockheed Martin F-35 Lightning II procurement is the planned selection and purchase of the Lockheed Martin F-35 Lightning II, also known as the Joint Strike Fighter, (JSF) by various countries. The F…
https://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning…
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wikipedia NEUTRAL — The M230 Cannon is a 30 mm (30×113 mm), single-barrel electrically-driven autocannon, using external electrical power (as opposed to recoil or expanding gas generated by the firing cartridge) to cycle…
https://en.wikipedia.org/wiki/M230_chain_gun
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wikipedia NEUTRAL — The United States Navy (USN) is the maritime service branch of the United States Armed Forces and is designated as the navy of the United States in the Constitution. With 290 combat vessels, it is the…
https://en.wikipedia.org/wiki/United_States_Navy
check_circle
“The event is co-located with Sustainability LIVE: The US Summit.”
CORROBORATED
Confirmed by two independent cross-references: Procurementmag and Sustainabilitymag both state the event is co-located with Sustainability LIVE: The US Summit. Wikipedia entries referenced are unrelated but do not contradict the claim.
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wikipedia NEUTRAL — In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw material…
https://en.wikipedia.org/wiki/Supply_chain_management
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wikipedia NEUTRAL — Sustainibility (from the Latin sustinere - hold up, hold upright; furnish with means of support; bear, undergo, endure) is the ability to continue over a long period of time. In modern usage it genera…
https://en.wikipedia.org/wiki/Sustainability
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wikipedia NEUTRAL — Lockheed Martin F-35 Lightning II procurement is the planned selection and purchase of the Lockheed Martin F-35 Lightning II, also known as the Joint Strike Fighter, (JSF) by various countries. The F…
https://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning…
+ 2 more evidence sources
schedule
“Aly Pinder Jr, Research VP, Aftermarket Services Strategies, at IDC, stated that asset-centric organizations expect technology vendors to align partnerships for shared benefit.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.