The NRX Blog
Poor Quality Data Costing Trillions
$3.1 trillion. That is how much IBM estimates the yearly cost of poor quality data. This is despite companies spending billions already to maintain their data. According to the Harvard Business Review, what makes up that mammoth figure is the “Hidden Data Factory” in...
Fix That Bad Data!
For many asset-intensive companies, complete and accurate data is a recipe for success. However, while your asset and maintenance data may be complete and accurate, it will start to rust as assets are upgraded or decommissioned. If the master data is not constantly...
Don’t let your maintenance documents work you!
Asset-intensive companies often have a hard time finding maintenance documents in their enterprise document management systems. Integration between maintenance processes that are based on EAM/CMMS workflows and document management systems can be difficult. Many...
Mastering Asset Master Data
Although it sounds easy, tracking equipment maintenance is not easy. Maintenance becomes very daunting when you have poor quality EAM/CMMS asset master data. Poor data makes it very hard for maintenance personnel to do their job as well. Every year, companies spend...
Excel? Great For Crunching Numbers!
MS Excel is a great tool for crunching numbers. But you shouldn't be using it for asset management. Most of the time, standard spreadsheet formats are used as a way to load key data into operational EAM systems. Although standard spreadsheet formats are great at...
Poor Data: Stop The Virus
Many asset-intensive organizations depend on the data in their EAM or CMMS systems to drive the maintenance practices that keep their business running efficiently. When you have poor data quality that is incomplete and inaccurate it affects your company as a whole....
Stop struggling with equipment tags
Managing huge numbers of equipment tags to identify and track assets can be a lot of work. That’s why so many companies struggle with their equipment tag management. Unfortunately, some of the processes used by companies today have resulted in inconsistent, duplicate,...
Searching for spare parts has never been this easy…or fast
For asset-intensive companies, finding and ordering spare parts is a hassle. Maintenance personnel need to be able to easily figure out what spare parts are required when equipment breaks down or requires routine maintenance. Companies struggle with finding and...
Get on the RDS-PP and KKS Bandwagon
Today, RDS-PP and KKS are the go to for power generation companies that want to adopt proper standards. This is a classification system that will allow for systematic and accurate classification of all parts of a power generation plant. This identification system...
Better Maintenance BOMs = Better Company
When Asset-Intensive companies need to order parts maintenance BOMs, usually maintenance workers have to track vendor maintenance documents or the spare parts list and manually figure out what is needed. There are endless possibilities but very few effective solutions...