Prospecta

Author Archives: optumeit_admin

What are taxonomies in spares and asset management and why it is imperative for companies to institutionalize its framework.

What on Earth Are Taxonomies in Management of Spares and Assets: Do We Need It? What If We Don’t Have Them?

Ok, before we go into Taxonomies, let’s define Spares, shall we? Spares or MROs (short for Maintenance, Repair, and Operations items) comprise components and consumables that contribute to the production of finished goods. The nature of these items (e.g., lubricants, … Read More

Hard Talk About Data Quality

Truth bomb #1: A Gartner survey found that 60% of companies weren’t aware that bad data had impacted their bottom line as they weren’t measuring it in the first place. Poor data quality led to 15 million dollars in losses … Read More

Active and Passive Governance Done Right

“Data is the new oil” has transformed the way modern enterprises perceive and approach data. But amassing petabytes of data would be for naught if these data go unchecked and ungoverned. That’s why you need to have data governance. While … Read More

Incorporating Data Strategy into SAP S/4HANA Migration

In this highly volatile economic climate, companies can’t afford to stand on the sidelines while their competitors jump on the digital business bandwagon. It’s the only way to stay relevant and withstand future challenges in this Digital Era. One crucial … Read More

SAP S/4HANA Migration Benefits: Technology, Business, and Data Perspectives

Digitalization of enterprise platforms has been a hot topic for years now in keeping with the advent of Industry 4.0 and emerging technologies like Internet of Things (IoT), machine learning (ML), artificial intelligence (AI), and blockchain. S/4HANA is SAP’s answer … Read More

Getting Up Close and Personal with Data Migration

In this day and age where information grows and changes at the speed of the internet, data is touted as the new currency. Hence, data-related activities such as migration shouldn’t be taken lightly. It can serve as a stimulus for … Read More

Data Enrichment: Looking Under the Hood

Establishing a data-driven culture isn’t just about having confidence and trust in data. It’s also about taking steps to ensure data is continually usable and relevant. While data governance is an important component to address this, there’s another crucial data … Read More

Empowering Data Culture

SAP Insider Interviews Ranjan Bakshi CEO Prospecta MDO In Today’s volatile data world, Data integrity has become one of the most crucial tools for Enterprises as they embark on their journey to become agile and resilient organization. “New business models, … Read More

Futurum reports how Master Data Online from has improved Operational efficiency in Supply Chain

50% of organizations use a computerized maintenance management system. The remaining 50% rely on manufacturing scheduling systems, computerized calendars or even just a paper schedule … Read More

MDO Plant Maintenance

Plant Maintenance Systems Large facilities like refineries or power plants are only as productive as their weakest link. Plant maintenance systems help ensure the right equipment is in the right place, with the correct maintenance routines, supported by thousands of … Read More