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14 Dec 2017

Perfect Master Data- Is It Possible?

December 14, 2017Blog

Asset-intensive companies have many pieces of equipment. When dealing with such large numbers, it is critical that companies have a good way of keeping track of maintenance and master data so that nothing falls through the cracks. When your equipment breaks down, it can result in lost production and millions of dollars in lost income.

Tracking equipment maintenance is not always easy. When you have poor quality EAM/CMMS master data, effective maintenance becomes highly challenging. Your maintenance personnel will have trouble looking through your poor data to properly do their own job. Every year, companies can spend millions of dollars to maintain their equipment and keep them running smoothly.

If high quality EAM/CMMS master data is so important, then why do so many asset-intensive companies struggle with this? Don’t worry, we can help!

Let’s look at the top 3 steps that your company can take to achieve Asset Master Data success!

  1. Build Quality Data for Every New Project

When you begin to build your data for a new project, make sure that the quality of the data is high. That way, you can avoid any potential problems in the future. Our software will allow teams that are responsible for building master data to work within a single environment to build, visualize, and validate data prior to handover. This will allow all maintenance records and related information to live in AssetHub and you will be able to monitor and oversee the project progress at any state of the data build. Our software also prevents work duplication and allows users to reference existing data, best practices and knowledge through the power of an integrated maintenance library.

  1. Standardize & Sustain Data Across All Existing Operations

Sustaining data quality is very difficult and cannot be done in a timely manner using traditional tools or broad-reaching management of change programs. Consequently, post-production data can deteriorate rapidly. As companies experience changes to equipment and processes, existing Asset Data must be able to be updated accordingly. Our solution allows you to validate changes to data against both organizational standards and industry best practices. Without an adequate solution to manage these essential processes, companies are prone to large backlogs of unimplemented change requests, expensive manual processes, duplicate requests with no central visibility, and a lack of automated validation against corporate or industry standards.

  1. Leverage Asset Data Accessible to Decision Makers Across the Enterprise

Even once a solid Asset Data Foundation has been established it can be very difficult to keep it that way. Asset-intensive operations are constantly changing. Companies who do not have tools and processes in place to update their data as a result of these changes can quickly find themselves faced with many problems. Our software allows you to address the root cause of costly and inefficient maintenance practices through the structured governance of enterprise-wide Asset Data. You will also be able to reduce maintenance costs tied to poor data, control exposure to operational risks, and build repeatable processes and reference points that can be leveraged across the enterprise!

Interested in learning more about to build Master Data? Give us a call at 1-877-603-4679 or book a meeting. We would love to help!

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