Learn how to master your Master Data in the Energy sector
Enterprises across industries are recognizing that harnessing the power of Master Data is a strategic imperative. Having accurate reliable data will improve your analytical capabilities and help improve profitability across various business units.
MDM tools provide significant value for Energy through:
- Improve effectiveness of metrics by improving quality of underlying data which relies on consistent description and categorization of items to prevent duplicates
- Increased compliance with workflow that ensures groups that are responsible for domains or categories have visibility and ownership of data
- Optimized operations by ensuring visibility of master data to improve procurement and decrease chances of plant shutdowns