Materials Master Data in the Era of Industry 4.0
Successfully realizing the benefits of Industry 4.0 requires organizations to break down silos and rework decision-making models. The evolution of how data has been managed in the past to where we are now offers huge potential for materials master data management in Maintenance, Repair and Operations (MRO).
In the early days, organizations had access to some data, managed in various formats, which was distributed across organizational silos. Integrating all sources of data was expensive and lacked automation In addition, leveraging that data was laborious and could only be used to make very limited decisions.