The latest news, events and case studies from Sharecat

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Building data strength in complex & heavy industries is what we live for.

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The types of Information & Data we handle, process and deliver:

Types of Information & Data

• Material / Item master data

• Inventory data

• Tag master indices

• Equipment lists.

• Maintenance and criticality data

• Bill of Materials (BoM)

• Spare parts lists (SPIR / SPIL)

• Spares commonality overviews

• Supplier Documentation

• Purchasing frequency data

• Short & long text descriptions

• Reference data libraries / Class Libraries

• Relationships – plant & equipment hierarchies, document

links.

Data Standards we utilise:

Standards & Definitions

We can help select and apply the best standard, or

combiantion of standards, for your operations.

Our broad experience with standards includes:

• CFIHOS (Capital Facilities Information Handover

Specification. )

• eClass:

• IEC standards (e.g IEC CDD, IEC 61355 and IEC 60050)

• ISO 15926

• NORSOK

• PIDX

• POSC Caesar

• READI TIRC

• UNSPSC

• Asset Administration Shell & its Sub-models

• VDI 2770

Find out more at our Data Standardisation Services page.

Industry Initiatives

Industry Initiatives

We are active participants in a range of industry initiatives,

working together with our customers:

• CFIHOS (Capital Facilities Information Handover

   Specification – JIP 36) and JIP 33 (Joint Industry Programme

   33) groups led by IOGP

• Digital Data Chain Consortium, focused on improvements

   for equipment and parts information for the chemical,

   process and pharmaceutical industries

• DEXPI aims to develop a common data exchange standard

   for the process industry.

• EqHub, an industry initiative in Norway led by Offshore Norge

Find out more at our Data Standardisation Services page.

Typical customer systems
that we work in:

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Latest News, Info & Guides

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Case Studies
December 9, 2024
Spares Data and SPIR / SPIL Forms - Challenges & Guidance
Case Studies
November 5, 2024
MRO Inventory Optimisation & Data Management Services
Events
October 6, 2024
CFIHOS Annual Meeting 2024
News
September 2, 2024
Sharecat Data Services celebrates 10 Years in Malaysia

Bad data can be a catastrophe waiting to happen.

The problem with bad material, plant and asset data is that it is often the first domino which leads to further problems, large and small. At best it causes daily headaches, wastage and inefficiency in operations; at worst loss of life and loss of production. In all cases revenue suffers. The longer bad plant data resides in a system, the more inevitable it becomes that issues will compound over time.

The weak link in the data may be known, but for every known gap there are normally many more unknown. Any of them, at any point in time, may cause a breakage. One day, the breakage could be catastrophic, causing an existential threat. The question is, how can businesses take action to insulate their operations from risk and protect themselves from forthcoming catastrophe?

Consequences and potential ramifications of bad data

Catastrophic failure
Catastrophic impact on
environment, people, business
H&S
incidents
Major impact on 
people and business
Forced shutdown
Major loss
of revenue
Operational
delays
Loss of
revenue
Inefficient
inventory
Wasted and 
stranded capital
Increased
overheads
Increased 
costs
Material
wastage
Poor
sustainability
High-impact immediate pain
Low-impact future pain

Data as the catalyst for improved sustainability

To move towards a more circular and sustainable business you need accurate data to make informed decisions. The value of existing materials, equipment and products can be recovered but only if you have the information available.

Minimise downtime and overhaul = Lower costs and increased revenue
Faster turnaround and reuse of assets = Minimise excess stock and improve environmental circularity
Minimise need for materials = Reduce waste and transport

Graph for improved sustainability

Scope 2

Indirect
From (purchased) energy

Emissions due to use of power purchased from others

Expertise supported by technology means:

✓ Fewer revisions and submissions
✓ Fewer emails
✓ Reuse of information
✓ Smaller teams
✓ More efficient projects

Scope 3

Indirect
From the supply chain

Emissions due to procurement/sale, use and disposal of products

High quality information and improved processes can lead to:

✓ Less equipment & parts bought
✓ Reduced transport & storage
✓ Reduced materials to dispose at end of life
✓ Reuse information = reduced submissions