Today, corporate boards and executives understand the importance of data and analytics for improved business performance. However, most of the data in enterprises is of poor quality, hence the majority of the data and analytics fail. To improve the quality of data, more than 80% of...
The latest United Nations Standard Products and Services Code® (UNSPSC) code set Version 26 has been published at www.unspsc.org Griha Software Technologies has analysed the impact of updates on the latest version. Supply chain decision makers also need to plan for any category changes across their...
Management guru Peter Drucker is often quoted as having said, “You can't manage what you can't measure.” Because of this, data and analytics (D&A) provide the necessary visibility required for businesses to measure and manage their performance. Measurements like KPIs (key performance indicators) drive business behavior, results...
Enterprise Resource Planning (ERP) solutions are necessary for organizations across all sizes and industry verticals to help the decision-makers take a comprehensive look at all the aspects of the business, identify the key profitable improvements, and make more informed decisions. But an ERP implementation is not...
According to data management research by Experian, 69% of the respondent organizations believe that inaccurate data undermines their capacity to offer an excellent customer experience. Business leaders worldwide have now realized the importance of using clean data to drive their enterprises' success. To meet their expectations,...
Now more than ever, the oil and gas production needs to focus on accurate data management strategies. The industry is expected to attain immense growth as the future promises new technological possibilities and an increase in demand. Already known to rely on data-driven assets, it’s...
Irrespective of the expanse of the manufacturing process, the Bill of Materials (BOM) plays a vital role in production. All companies – large or small – use the BOM as a guide and list of their final purchases. BOM is involved in every step of...
The world has become receptive to the use of data science and analytics technologies. Oil and gas companies are no different and have been using advanced technologies for data-driven decision-making. These companies can improve production by 6-8% with the adequate use of data technologies. These...
For over two decades, organizations have been accumulating data and building systems to store, manage, and analyze it. Along the way, they've created several governance frameworks competent enough to facilitate some level of control over the data in their possession. However, as the data's sophistication...
Consider this: Businesses spend approximately $50 billion every year in unplanned maintenance Up to 30% of all manufacturing deaths are related to a maintenance activity. Because of unplanned downtime, factories lose 5% and 20% of their productive capacity. The one solution that could potentially solve all these problems is...
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