Energy

Risk is prevalent in the energy sector. Reliable data is key to mitigating different risk factors. Providing the necessary access to decision-making partners decreases the likelihood of making misinformed choices. Even the risk of plant shut-downs is diminished with spare-parts data visibility.

To prepare for the future, energy firms need access to reliable data and long-term forecasts for key economic and energy demand drivers. Projecting peak demand, determining capacity needs from these demand forecasts, incorporating insights into operational efficiencies help companies balance output with the market.

Determining the best course of action in capital-intensive situations requires extensive access to information from both external and internal data sources. A comprehensive, company-wide data quality management solution ensures that data sources are connected, to holistically manage the business using the most reliable data possible.

Asset Master provides the ability to manage assets and equipment records to create a golden record to ensure consistent tagging across inbound systems. It does this by collecting data from EPC, Engineering, Asset Registers or Data sheets.

Material Master is a comprehensive data management solution to handle parts and assemblies. It handles the classification, relationships and descriptions of various parts to improve standardization.

Vendor Master provides a comprehensive, convenient and reliable system for enterprises to keep track of their vendors and suppliers by standardizing vendor information across business units through mergers and acquisitions and across geographies.