As organizations face increased volatility and risks, and as they take in more data from a growing array of applications and sources, managing data consistency and accuracy is critical.
Getting master data management (MDM), or rather getting your maintenance, repair and operations (MRO) master data “right” and keeping it that way, is fundamental. It requires a strategic mix of data architecture, business processes, governance, an organizational operational model, metrics and more.
With the right foundation, and advances in digitalization and business transformation—including the ability to scale big data in the cloud—leading organizations can leverage data-driven insights to adapt to changing business conditions.
Here, we outline the seven criteria essential for an MDM for MRO solution to produce strong return on investment by helping improve the quality of MRO master data to drive better outcomes for the business.
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