How ERP data becomes the perfect teammate

My colleagues and I bett the results of the Bundesliga soccer matches. I'm not currently excelling. This article is not directly about soccer, but about important players in a company - the ERP data.

The Value of Company Data in the Age of Artificial Intelligence

Decisions are made on the basis of the data in ERP systems. When we ask our customers whether they trust the data in the ERP and how they assess the data quality in the ERP system, the discussion becomes challenging. Trust in the data is often negligible. The ERP is a “juggernaut”. When it comes to data, people get creative. Instead of taking care of data completeness and data quality in the ERP, Excel lists are fed in parallel. What this means for a company needs no further explanation. In the context of digitalization, this is devastating. Competitiveness suffers greatly. It never ceases to amaze us that the mindset in ERP projects is far too little data-driven. Thinking in terms of “data” has a liberating effect and can turn many an ERP project completely on its head!

Fill the new ERP system with the old Data?

The migration and update of ERP systems is often approached incorrectly. Of course, the processes in an ERP are important. However, the data in the ERP systems is substantially more important! Imagine ... your company data is stored automatically and in excellent quality in the ERP system - without human intervention. Excellent data to answer business-relevant questions in the shortest possible time. With systematic Data-Mining and Deep-Learning algorithms, this is already reality today. Welcome to the world of Advanced Master Data Management and the Data Driven Company.

Enriching ERP systems with excellent Data in the Age of Artificial Intelligence

If your company also has a lot of product-describing data, the path to almost perfect company data is not far away. Our customers use the Data-Driven Engine to automatically improve data quality and data completeness in ERP systems with automated data enrichment. Product-describing data is analyzed, interpreted and structured using neural networks. Our customers use this data to enrich the ERP systems. This ensures, that the ERP systems, whether new or old, have significantly better data. We call this process GET CLEAN. The Data-Driven Engine systematically processes every new 3D model, 2D drawing, specification to ensure, that every new article is recorded in excellent quality - and fully automated. We call this process STAY CLEAN. You can find out, how we support companies in this process here.

Competitiveness increases significantly

The competitiveness of companies correlates with the quality of their data. Algorithms take over data cleansing and data enrichment. Automated data enrichment significantly increases the “value of company data”. The Impact?

• Spend analyses are finally complete and include all items, because the ERP understands questions such as “show me all painted sheet metal parts with a bend”!
• Category management is on a solid footing, because new articles are assigned to the correct product group based on AI and fully automated.
• Items always contain the correct customs tariff number - because customs tariff numbers are predicted for each item based on AI and of course, automatically.
• ...

The list can be extended at will. In our workshops, we regularly show, how your existing data can be turned into “perfect data” and how Advanced Master Data Management can be profitable for companies at an early stage. Recognize the value of your company data and start with an Advanced Master Data Management project. The ROI will be realized within a few months.