Data Governance is a process-based structure that leverages an Approval Workflow system. The effectiveness and efficiency of the Data Governance Model depends on some critical factors. So, what supporting factors come into play in practical Data Governance deployments? We underscore ‘practical’ since our perspective on Data Governance is that it
Data Governance represents the symbiotic existence of IT and business–aligned to improve the overall business process. It unifies the compartmentalized information across various departments in an organization to boost data sharing by all concerned. The information sharing results in advantages such as: • Revenue growth • Cost rationalization •
Often overlooked, providing efficient access to, and maintaining the accuracy of, the material master is pivotal to operational success and protecting your data investment. Data Governance has emerged as the point of convergence for people, technology, and process to manage the crucial data (information) of an enterprise. This is a
Utilities face many challenges with their business and operations. In a highly asset intensive industry with a geographically disparate asset base, implementing operational and maintenance standards and practices is necessary to continually improve the balance between asset reliability and costs. They require uninterrupted supply of adequate and cost-effective materials
Just like any other industry, the customer is the raison d’être of the electric utility industry. Electricity is a basic need and the potential customer base of a utility company is limited only by the total population of the region they serve. In the last few years, these customers
The electric utility industry is under constant pressure to explore new and more efficient ways to cut costs and increase production capacities for a secure, reliable and affordable supply. It’s been an uphill battle for a decade, and it keeps getting tougher. Aging infrastructures is getting costlier to replace, making
The criticality of electricity cannot be overstated and neither can the effects of the ongoing transformation in the electric utility industry. Worldwide, energy companies are in the midst of mega transitions, forced to rethink how they operate and how they will make good on their obligations over the long
Implementing a companywide MDM strategy is not a simple undertaking even during normal times. Add in an M&A transaction and the work gets trickier. Fortunately, the benefits — particularly the multiplying effect it will have on the M&A deal’s ROI — make it worth the effort. Over the
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