AVEVA and IFS Partner to Deliver AI-Powered Continuous Asset Decision Intelligence

Industrial enterprises can now connect operational intelligence with enterprise-wide execution, turning real-time asset data into faster, evidence-based decisions, thanks to a new partnership.

Milan, May 19, 2026 – IFS, a leading provider of industrial AI software, announced a partnership with AVEVA, a leader in industrial software. This partnership enables industrial companies with complex operations to align operational intelligence, enterprise-wide execution, and strategic capital planning. At 'AVEVA World' in Milan, CEOs Mark Moffat and Caspar Herzberg announced the first solution from this partnership: 'Continuous Asset Decision Intelligence.' This solution converts real-time operational and asset data into smart decisions for maintenance, investment, and execution across the integrated asset lifecycle, reducing the need for guesswork and enabling more timely, evidence-based outcomes.

Caspar Herzberg, CEO of AVEVA, stated, "Industrial intelligence only becomes reality when you capture the big picture. Through this partnership with IFS, we can connect data and insights from sensors to the boardroom in ways that were previously not possible. The architecture is ready, customer needs are pressing, and the opportunities for AI are now practical."

Mark Moffat, CEO of IFS, added, "IFS helps customers translate asset insights into action across maintenance, service, human resources, and capital planning. By collaborating with AVEVA, we can provide the operational context and enterprise AI needed for customers to decide 'what work to perform,' 'when to perform it,' and whether to 'repair, defer, or replace.'"

A major challenge identified by industry leaders is that operational data often remains siloed within teams, while maintenance history, outage plans, spare parts, and investment priorities are managed separately. This fragmentation makes it difficult to gain a comprehensive view of complex assets, delaying the transition from insight to execution. The partnership provides a consistent decision flow designed to answer these questions, giving everyone in the value chain the information and AI-enhanced insights needed to act with speed and confidence.

Jeffrey Hojlo, IDC Research Vice President, noted, "AVEVA and IFS are addressing one of the biggest challenges in industrial AI: the gap between insight and execution. The closed-loop digital thread enabled by this partnership provides a foundation for generative, agentic, and predictive AI to drive data analysis, enhance knowledge sharing, and improve both planning and risk management."

Craig Resnick, Vice President at ARC Advisory Group, commented, "The appeal of this partnership lies in closing the distance between insight and execution. By linking real-time operational intelligence with enterprise execution and strategic capital planning, 'Continuous Asset Decision Intelligence' converts thousands of data points into a single, evidence-based decision flow. Teams can decide faster and with more confidence. Importantly, an auditable trail of evidence is built from asset status to decision and result, which is increasingly important for boards, investors, and regulators."

For a utility provider operating hundreds of substations, this joint solution can integrate alarms such as temperature rises or dissolved gas abnormalities with context including maintenance history, criticality, spare parts, workforce availability, and capital planning to optimize response. Benefits for customers include maximized capital efficiency, improved reliability through dynamic maintenance strategies, and the construction of auditable, time-stamped chains of evidence for regulatory compliance and board-level reporting.