Download the Master Data in the Energy Sector eBook
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