For Oil & Gas companies, the core benefits of MDM, based on PIDX and UNSPSC are amplified in three key areas:
- Insights – deriving business insights using analytics
- Compliance – adherence to compliance rules, and
- Operations – improving day-to-day business operations
An effective MDM solution, based on industry standards such as PIDX and UNSPSC, will power everything from better decision-making, increased operational effectiveness, improved customer satisfaction, and higher revenue and profits.
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