DevOps.com

  • Latest
    • Articles
    • Features
    • Most Read
    • News
    • News Releases
  • Topics
    • AI
    • Continuous Delivery
    • Continuous Testing
    • Cloud
    • Culture
    • DataOps
    • DevSecOps
    • Enterprise DevOps
    • Leadership Suite
    • DevOps Practice
    • ROELBOB
    • DevOps Toolbox
    • IT as Code
  • Videos/Podcasts
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
    • DevOps Unbound
  • Webinars
    • Upcoming
    • On-Demand Webinars
  • Library
  • Events
    • Upcoming Events
    • On-Demand Events
  • Sponsored Content
  • Related Sites
    • Techstrong Group
    • Container Journal
    • Security Boulevard
    • Techstrong Research
    • DevOps Chat
    • DevOps Dozen
    • DevOps TV
    • Techstrong TV
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
  • Media Kit
  • About
  • Sponsor
  • AI
  • Cloud
  • Continuous Delivery
  • Continuous Testing
  • DataOps
  • DevSecOps
  • DevOps Onramp
  • Platform Engineering
  • Low-Code/No-Code
  • IT as Code
  • More
    • Application Performance Management/Monitoring
    • Culture
    • Enterprise DevOps
    • ROELBOB
Hot Topics
  • Postman Releases Tool for Building Apps Using APIs
  • What DevOps Leadership Should Look Like
  • Things We Should Acknowledge, Part One: Hiring Sucks
  • HPE to Acquire OpsRamp to Gain AIOps Platform
  • Oracle Makes Java 20 Platform Generally Available

Home » Latest News Releases » Prometheus Group Launches Master Data as a Service

Prometheus Group Launches Master Data as a Service

By: Deborah Schalm on March 31, 2020 1 Comment

Transforming master data governance in the enterprise asset management sector

Recent Posts By Deborah Schalm
  • Exabeam Reinvents Security Analytics with Fusion XDR and Fusion SIEM Cloud Products to Address Security Needs at Scale
  • New Study Reveals Importance of Optimized Strategy for the Selection, Support, and Maintenance of Open Source Software
  • Applitools Integrates With Rally for Fast and Automated Bug Management
More from Deborah Schalm
Related Posts
  • Prometheus Group Launches Master Data as a Service
  • Sysdig Provides the First Cloud-Scale Prometheus Monitoring Offering
  • Grafana Labs Releases Grafana Metrics Enterprise, a Streamlined, Cost-Effective Ways for Organizations to Run Prometheus at Enterprise Scale
    Related Categories
  • Latest News Releases
    Related Topics
  • Prometheus Group
Show more
Show less

Raleigh, NC, MARCH 31, 2020 – Prometheus Group, a leading global provider of asset management operations and optimization software, today announced the introduction of Prometheus Master Data as a Service (MDaaS). The solution provides heavy asset enterprises with all data cleansing and sustainment done as a subscription service and includes a standardized industry taxonomy. This is the first master data governance solution available as a service and will help organizations end the repetitive and expensive cycle of data cleanse and sustainment projects.

Enterprises overlook and underestimate master data management and it can quickly spiral and become an expensive and time-consuming process. Recent research found that 95% of organizations see negative impacts resulting from poor data quality.

Heavy asset organizations are struggling to find an effective way to manage data cleansing and sustainment. With the Prometheus MDaaS service, organizations no longer need to define taxonomies, carry out time-consuming and expensive data cleansing projects, and allocate resources to master data governance.

Maintenance decisions will now be made based on accurate information enabling teams to have increased confidence in their data. This will drive better decisions, including the tracking of equipment reliability and inventory levels of critical spare parts.

“Data governance is a key cog in the march towards predictive maintenance,” said Jeff Kinard, SVP Strategic Partnerships, Prometheus Group. “Our MDaaS platform delivers continuous data cleansing, guaranteeing that master data never becomes dirty. This will transform data governance in the enterprise asset management space allowing companies to focus on their core business rather than having to funnel significant resources to data cleansing and sustainment initiatives. As a result, maintenance will be more efficient and effective, delivering a competitive advantage to asset-intensive organizations.”

Key features of Prometheus MDaaS include:

  • Standardize and cleanse existing master data: Track and remove duplicates, organize records with standardized taxonomy, and ensure the organization can quickly and easily find any record it needs.
  • Standardize taxonomy across every plant and organization: This enables enterprises to quickly and easily analyze inventory across all locations, helping ensure more effective inventory management, including the sharing of critical spare parts.
  • Ensure the continuous integrity of your data: Any changes or new record requests are handled through a governance workflow that includes checkpoints and approvals tailored to your organization
  • Benefit from being part of the Prometheus aggregate database:

Standardized data allows us to provide important information, including accurate and updated BOMs, optimized maintenance plans and task lists, as well as equipment reliability measurements.

“Customers across all industries and functions complain about a lack of data quality and visibility across their organizations,” said Ann Marie Gray, VP, ASUG. “In particular, the enterprise asset management space must address this issue, given the amount of data it generates. It’s time to rethink how to clean your data, or you won’t be able to benefit from the data-driven decision-making you can achieve from mobile applications, artificial intelligence, and other advancements coming down the road.”

The service is being rolled out to help customers with data governance as part of their SAP S/4HANA transformation.

About Prometheus Group

Prometheus Group is a leading global provider of comprehensive and intuitive plant maintenance operations and optimization software, with a broad platform of solutions addressing the unique idiosyncrasies and requirements of heavy asset operators. Prometheus’ interconnected platform allows changes to be communicated in real-time across an organization, improving manpower efficiency and driving production uptime. The company is trusted by the largest asset-intensive organizations spanning oil & gas, chemical, pulp & paper, mining & metals, and utilities industries across the globe.

Filed Under: Latest News Releases Tagged With: Prometheus Group

« Olive Raises $51M to Accelerate its AI Workforce for Healthcare
Logz.io Launches COVID-19 Dashboard »

Techstrong TV – Live

Click full-screen to enable volume control
Watch latest episodes and shows

Upcoming Webinars

Cache Reserve: Eliminating the Creeping Costs of Egress Fees
Thursday, March 23, 2023 - 1:00 pm EDT
Noise Reduction And Auto-Remediation With AWS And PagerDuty AIOps
Thursday, March 23, 2023 - 3:00 pm EDT
Build Securely by Default With Harness And AWS
Tuesday, March 28, 2023 - 1:00 pm EDT

Sponsored Content

The Google Cloud DevOps Awards: Apply Now!

January 10, 2023 | Brenna Washington

Codenotary Extends Dynamic SBOM Reach to Serverless Computing Platforms

December 9, 2022 | Mike Vizard

Why a Low-Code Platform Should Have Pro-Code Capabilities

March 24, 2021 | Andrew Manby

AWS Well-Architected Framework Elevates Agility

December 17, 2020 | JT Giri

Practical Approaches to Long-Term Cloud-Native Security

December 5, 2019 | Chris Tozzi

Latest from DevOps.com

Postman Releases Tool for Building Apps Using APIs
March 22, 2023 | Mike Vizard
What DevOps Leadership Should Look Like
March 22, 2023 | Sanjay Gidwani
Things We Should Acknowledge, Part One: Hiring Sucks
March 22, 2023 | Don Macvittie
HPE to Acquire OpsRamp to Gain AIOps Platform
March 21, 2023 | Mike Vizard
Oracle Makes Java 20 Platform Generally Available
March 21, 2023 | Mike Vizard

TSTV Podcast

On-Demand Webinars

DevOps.com Webinar ReplaysDevOps.com Webinar Replays

GET THE TOP STORIES OF THE WEEK

Most Read on DevOps.com

Large Organizations Are Embracing AIOps
March 16, 2023 | Mike Vizard
What NetOps Teams Should Know Before Starting Automation Journeys
March 16, 2023 | Yousuf Khan
DevOps Adoption in Salesforce Environments is Advancing
March 16, 2023 | Mike Vizard
Grafana Labs Acquires Pyroscope to Add Code Profiling Capability
March 17, 2023 | Mike Vizard
How Open Source Can Benefit AI Development
March 16, 2023 | Bill Doerrfeld
  • Home
  • About DevOps.com
  • Meet our Authors
  • Write for DevOps.com
  • Media Kit
  • Sponsor Info
  • Copyright
  • TOS
  • Privacy Policy

Powered by Techstrong Group, Inc.

© 2023 ·Techstrong Group, Inc.All rights reserved.