Poor quality data is extraordinarily expensive not only in lost revenue and lost opportunities but also in the increased exposure to risk.
Bethlehem, PA (PRWEB) June 22, 2010
Today, PiLog International (http://www.pilogint.com) announced the release of the PiLog™ Master Data Ontology Manager (PiLog-MDOM™) a landmark software application designed to help companies create, maintain and enforce their corporate business language. The application goes beyond metadata and covers data requirements and corporate classifications, essential to the corporate ontology. The application is available under a software as a service license at an introductory price of $250 per user per month and is designed to complement existing ERP applications and business automation systems.
The PiLog Master Data Ontology Manager (PiLog-MDOM) is integrated with the ECCMA Open Technical Dictionary (eOTD®) as well as the ECCMA Data Requirements Registry (eDRR) and the ECCMA Classification Registry (eCLR) to deliver a unique platform that makes it easy to create, manage and enforce the corporate ontology. The eOTD is the leading international Open Technical Dictionary with over 1 million defined concepts. The eOTD is used to create high quality multilingual descriptions of individuals, organizations, products and services that are essential in today’s business automation systems, from maintenance planning, procurement and inventory management through to spend analysis.
The PiLog Master Data Ontology Manager (PiLog-MDOM) is one of the very first ISO 8000-110:2009 compliant software applications specifically designed to enable companies to measure and maintain ISO 8000 master data quality irrespective of the application they use to manage their master data.
Commenting on the release of the new application Mr. Peter R. Benson the author of the UNSPSC, the first international Spend Analysis classification and the project leader for ISO 8000, said “the release of the PiLog Master Data Ontology Manager brings quality master data within the grasp of all companies regardless of their size and budget or their business automation systems. Quality master data is impossible to achieve without a closely managed and enforced corporate ontology. The PiLog application is easy to use, requires minimal training, is affordable price and can be used with any existing ERP application. Managing the quality of your master data is not a luxury, it is a commercial, regulatory and statutory requirement."
Commenting on the release of the PiLog Master Data Ontology Manager, Dr. Salomon de Jager the CEO of PiLog International said “Poor quality data is extraordinarily expensive not only in lost revenue and lost opportunities but also in the increased exposure to risk. As companies look to minimize risk and improve performance they need better quality data. We provide data quality solutions in the form of data cleansing services and software application that companies use to manage the quality of their data. Just as Lord Kelvin (1824-1907) said so well "If you cannot measure it, you cannot improve it." This application is designed to allow our customers to establish the benchmarks against which they can measure the quality of their master data. At PiLog we see first-hand what differences master data quality can make in a business, from better cost control in the short term to better contracts in the long term, as well as, dramatic savings on expansion projects. The road to better master data quality starts with the development, management and enforcement of a corporate business language, the new PiLog application is designed and priced to allow companies to take the first step towards the goal of creating and maintaining quality master data.”
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