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The need for data enrichment services
What are the benefits of data enrichment services
The data enrichment process uncovered
What Makes Enrichment with Sharecat Data Services Different?
The value of verified “manufacturer”, “part number”, and “model number” fields in ERP and CMMS systems
Are you ready to transform your data?FAQs - Data Enrichment
FAQs - Data Enrichment
Reliable, straight forward data cleansing services from a proven specialist
Cleansing And Cleaning a Wide Range of Data
How We Do It: The Sharecat Data Cleansing and Formatting Process
Low-Quality Data is a Problem You Can't Afford
Gain a Competitive Advantage With Our Data Cleansing Solutions
Why Pick Sharecat for Data Cleansing
FAQs - Data Cleansing
Data cataloging vs data entry
Reliable data cataloging results in accurate data
What are the benefits of using a data cataloging service?
Data Cataloging: The Sharecat approach
Gain the advantage with data cataloging
Are you ready to transform your data?
FAQs - Data Cataloging
You can't have great data without data standardisation
Data standardiastion is not "one size fits all"
Sharecat actively participates in various initiatives for complex and heavy industries
The Sharecat Data Standardisation Process
Our services help you overcome Data Standardisation Challenges
Benefits of Successful Data Standardisation
FAQs - Data Standardisation
The importance of sufficient, reliable data grows every day as operations become more dependent on data and the systems that use it.
This means that data enrichment is a critical element for master data management for all owners/operators in heavy and complex industries.
The quality of your data affects your operations and ability to make decisions. Yet, it is normal for companies to need more complete data in ERP and CMMS systems in heavy and complex industries.
We know from experience that most companies have 60% or more of their equipment, tag/ functional location records that are missing information in ERP and CMMS systems. Never mind that any existing information typically also contains errors in addition (see also our data cleansing services).
As an example, each of the records below is incomplete highlighted by the red colouring. Incomplete data is often not uniform. It blocks and restricts your day-to-day operations and your ability to analyse and use what should be a valuable resource.
Item 1
Item 2
Item 3
Emerson Fisher
Fisher
Fisher C
Fisher Controls
Fisher Controls
Fisher Controls
Without sufficient data, your operations systems cannot deliver the value that they should. This means that data enrichment often presents significant potential for improvement that can be achieved in the short term.
Data enrichment services enhance your existing data with external information that adds depth and context. This means you gain new, relevant information that you didn’t have before, either by filling in the blanks or adding missing fields and data.
Specialist data enrichment services offer a path to high-quality data. Through access to a range of information sources not commercially available, together with specialist tools and expert analysis, services for data enrichment ensure you have the most accurate and complete information in your ERP and CMMS systems for your facilities and assets.
Importantly, data enrichment services provide you with the benefits of enriched data without diverting valuable resources away from your core company functions, and at a lower cost.
Manufactuer
Caterpli
ar
Caterpillar
Manufactuer
Part Number
Rosemount
305I
TG3A2B21KE7M6T1P8Q4Q8C4C5
Fisher Controls
3051TG3A2B21KE7M6T1P8Q4Q8C4C5
The benefits of data enrichment start with improved data quality, which extends and amplifies to include:
With a richer dataset, businesses can optimise their operational processes. Enriched data enables automation and functionality to work as it should in your ERP and CMMS systems, allowing your teams to focus on higher-value activities that require human expertise and your systems to deliver the value intended. In return, time-consuming and lower-risk activities get automated, allowing you to spend your resources in a better manner.
By enriching data with relevant external sources, organisations gain access to a broader context for their data, enabling more reliable data analysis and decision-making.
Enriched context empowers your team and systems to identify and interrogate patterns, trends, and correlations for more deeply informed decisions that align with your objectives and operations goals, such as optimising automated ordering, minimising inventories, reducing lead time and more.
A more complete overview of data for your assets and facilities reduces the risk of all types, whether operational, safety, legal or financial. A comprehensive view helps identify potential risks and vulnerabilities and apply strategies and actions to mitigate them.
For compliance, the challenge is ever-changing, with regulatory requirements becoming more complex across the world. Stringent rules and laws require maintaining accurate, up-to-date data to be available to prove compliance, which requires data enrichment as part of ongoing maintenance of your data.
Our process, developed over 30 years of operation, standardises data formats for consistency, adds missing input, and expands the number of fields. All of which makes your data more useful, valuable, and actionable.
Our data enrichment process includes steps that are tuned and adjusted based on your specific needs, which can be grouped as follows:
· We review the data structure and standards applied and configure our systems accordingly.
· We load your existing data into our proprietary tools to quickly process and identify missing data based on field type and input requirements.
· We create and share with you a detailed statistical overview showing the areas of weakness in your data.
· We recommend the fields where enrichment will give the most value and in which order to define with you the enrichment scope of work and plan for how to proceed.
· Our team creates work packs and begins the enrichment process, using automation and specialist tools to identify validated data available from our data sources, such as our data lake of over 1 million verified equipment and parts records, and other relevant such as the source data.
· Before delivery, all enriched data is subject to a range of automated checks to identify any possible errors for further quality assurance evaluation by an expert. Only once all items are checked, amended if required and approved is the data then delivered in the agreed format and processed to load into your ERP or CMMS system.
· As part of delivery, we also provide a detailed statistical comparison of the completeness and quality of your data before and after the enrichment activities to enable a datum to monitor against and also for defining further scopes as required.
· We fix the problem for you at a lower cost than if you did it yourself or used a traditional management consultant.
· If something is delivered that is wrong due to our data processing, we will fix it for free.
· For data held in ERP and CMMS systems.
· Extensive experience working with owner/operators and their supply chain for over 30 years.
· A proven execution model, combining subject matter experts together with specialist proprietary tools.
· Verified and structured information ready for use that is unique to Sharecat Data Services.
· Verified and normalised manufacturer names, parts and model numbers.
A key element of what makes us different is our understanding of the issues and details. This is why we know the value and impact of having verified manufacturer name, part number and model number data.
If you know that your data is the actual manufacturer and a true part number/model number, then it is the foundation to identify errors, enable automated ordering, conduct commonality analysis and inventory optimisation, analyse installed performance….and so much more.
This is why a unique element we include is enriching data using our database of normalised supplier/manufacturer names and verified part and model numbers. Enabling you to know when your data is a verified manufacturer or not.
If you’re ready, we’d love to talk to you to find out if Sharecat Data Services is the right partner to help remove restrictions and unlock value through making your data more reliable and accurate.
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