With the speed of change, when seconds and minutes can alter an outcome or opportunity, data has become increasingly valuable to an organization. So, it stands to reason that data governance should be on top of all C-suite leaders’ minds, no matter their enterprise.
Your company may be considering moving to SAP S/4HANA, but pockets of cynicism probably still exist about ERP and its benefits. Building broader support requires listening and addressing concerns. This blog is about one of those topics of cynicism—weak material master descriptions that harm maintenance and supply chain performance in the energy and utilities businesses. I limit my discussion to maintenance, repair, and operations (MRO) material catalogues in the energy and utilities space (where I’m experienced), but I suspect these issues will..
Envision a company that has bad data but perfect process mapping. A company with this setup could lose revenue because inaccurate data may lead to challenges such as higher resource consumption, higher maintenance costs, negative publicity on social media, and lower productivity. The company would need to erase its old data and collect new data, which likely would require spending more time and money. This is a red flag.
This is a guest post from Ella Brand, Big Data Solution Specialist for Product Marketing at SAP.
Accepting that every organization today wants to be data-driven, we should all recognize that data flows are nothing else but business workflows without prose. Efficient data operations are key to the agile management of data in the complex enterprise landscapes we live in nowadays.