Mundelein, Ill (October 10, 2011) - Utopia, Inc., a leading data consulting and services provider, today announced the release of its landmark enterprise asset management (EAM) white paper, "Mining Hidden Dollars with EAM through Data Quality."
The white paper is the first of its kind to delve into optimization of EAM operations from data collection to data loading. The importance of conducting field asset verification is discussed in addition to how gathering, enhancing, and managing asset data is critical for rigorous spend and maintenance analytics. "Missing, incomplete, and bad data can cause millions of dollars in losses due to unplanned downtime, lost revenues, and regulatory fines," said Peter Aynsley-Hartwell, global vice president, solutions consulting at Utopia. "Our experience in providing solutions to these problems is embodied in this paper."
With the right EAM data strategy and methodology an enterprise can dramatically improve the availability of its manufacturing assets, a key factor in long-term success in heavy industries. By assuring data completeness and timeliness, companies can implement better maintenance strategies, cost-effective spare parts provisioning, and vendor-supply chain optimization. These benefits extend to the evolving environmental and regulatory reporting obligations.
"This white paper provides best practices for assuring EAM success with high quality data," said the author of the paper, Herb Hadley, EAM director of solutions consulting at Utopia. "Further, we show how to collect data from diverse sources, structured and unstructured, using new and innovative methods, and discuss the mechanisms for cleansing and validating the data prior to loading in a company's EAM system."
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ABOUT UTOPIA, INC.
Utopia, Inc. is a global data consulting and services firm employing Utopia's proprietary Enterprise Data Lifecycle Management™ (EDLM™) methodology. Utopia's offerings include strategy development, master data management, data migration, data archiving, data quality, and data governance. Utopia is an SAP® Gold Partner in the SAP Consulting Program for North America. Utopia was named North America Services Partner of the Year 2010 by SAP America, Inc. and a Gartner "Cool Vendor in Application Services, 2011." (i)11
Copyright © 2011 Utopia, Inc., Mundelein, Illinois, USA. All Rights Reserved. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. Other brand and product names are trademarks of their respective companies. (i) Gartner "Cool Vendors in Application Services, 2011" by Susan Tan, Matthew Goldman, Arup Roy, Helen Huntley, Partha Iyengar, Alex Soejarto, Asheesh Raina, April 7, 2011.
JoDee Hale, Global Marketing Manager
jhale [@] utopiainc.com