Stibo Systems Named a 2015 Most Promising Energy Technology Solution Provider by CIO Review
Stibo
Systems, the global leader in multidomain Master Data Management
(MDM) solutions, today announced that it has been chosen as a 2015 Most
Promising Energy Technology Solution Provider by CIO Review. Energy
companies understand that profits are often linked to their ability to
implement a comprehensive strategy for asset management, including
performance monitoring, predictive maintenance and streamlined
procedures for the provision of service and replacement of parts.
Using Stibo Systems’ MDM solution STEP,
energy companies can ensure that all critical enterprise systems use the
same information by providing a trustworthy library of parts, assets and
their attributes, which can be shared with the multiple systems
responsible for managing the purchase and service of assets. This not
only allows energy companies to identify parts from different vendors
that can be used for a particular application through relationships of
interchangeability and supersession, but also helps to manage the
relationship of parts to markets and locations in which they are used.
“For energy companies, success depends on maintaining high levels of
utilization and operational efficiency, and organizations must find
better ways to manage their capital assets, parts and equipment, as they
are responsible for producing most of the revenue,” said Pradeep
Shankar, editor-in-chief, CIO Review. “Stibo Systems’ technology
provides energy companies with a critical view of all information from a
central repository from which they can also store the latest
information.”
STEP provides a common library of foundational data that supports energy
companies’ objective of creating a comprehensive asset integrity
management strategy. The MDM system enables business rules and workflows
to enforce a consistent process for gathering and maintaining the data
required for asset integrity management and shares that information with
best-in-class point solutions across the enterprise.
“Today, maximizing production and minimizing downtime is paramount for
energy companies to compete on a global scale, and they need to produce
and perform better with the available resources,” said Mikael Lyngsø,
CEO, Stibo Systems. “We are thrilled to be chosen as a 2015 Most
Promising Energy Technology Solution Provider and for being recognized
for helping energy companies increase profits by managing their capital
assets, parts and equipment more effectively.”
About Stibo Systems
Stibo Systems is the global leader in multidomain Master Data Management
(MDM) solutions. Industry leaders rely on Stibo Systems to provide
cross-channel consistency by linking product and customer data,
suppliers and other organizational assets. This enables businesses to
make more effective decisions, improve sales and build shareholder
value. During the last 30 years, Stibo Systems has helped hundreds of
companies to develop a trusted source of operational information. A
privately held subsidiary of the Stibo A/S group, which was originally
founded in 1794, Stibo Systems' corporate headquarters is located in
Aarhus, Denmark. For more information, visit www.stibosystems.com.
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Copyright Business Wire 2015
Source: Business Wire
(December 1, 2015 - 9:30 AM EST)
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