This website does not support Internet Explorer. Please, switch to Edge, Chrome, or Firefox browser to view this page.

Learn about IE support
Best Practices

Enhancing Data Quality for Strategic Decision-Making with o9 Solutions

O9 mof blog enhancing data quality for strategic decision making header
Published: Reading time: 5 minStijn-Pieter van Houten VP of Industry Solutions
Stijn-Pieter van HoutenVP of Industry Solutions
Published:

In complex areas like business planning and operations, data quality is a critical challenge, directly impacting decision-making and operational efficiency. High-quality data is a fulcrum for effective planning, yet organizations frequently struggle with issues like inaccuracies, inconsistencies, and the integration of unstructured data. o9 addresses these challenges through a comprehensive approach, leveraging its advanced platform to ensure data integrity and reliability. In this blog, we explore how o9 transforms data quality from a perennial challenge into a strategic asset.

Recognizing the foundational role of data quality in planning and decision-making is the first step toward addressing related challenges. o9 Solutions understands that actionable, high-quality data is essential, not just beneficial, for organizations aiming to make informed decisions. The journey toward enhanced data quality begins with a deep dive into the nature of existing data challenges. From inconsistencies within enterprise resource planning (ERP) systems and data silos across departments to the complexities of integrating unstructured data, o9 Solutions tailors its approach to meet these diverse challenges head-on.

Mastering Master Data Management

Central to o9’s strategy is the deployment of its Enterprise Knowledge Graph (EKG), a sophisticated data model that supports robust master data management. This technology creates a unified, accurate representation of an organization's data, equipped with configurable rules for error checking. This system allows for the early detection and correction of inaccuracies, ensuring data across all sources remains reliable and actionable. This proactive stance on error checking and correction is pivotal in maintaining the integrity of planning data, thus fostering trust and reliability in the data used for strategic decisions.

Addressing data cleansing and normalization

Inconsistencies and duplications across data systems pose significant challenges, often leading to planning errors and misinformed decisions. o9’s platform excels in data cleansing and normalization, maintaining a consistent and accurate version of the truth. This process involves aligning data from various sources, resolving discrepancies, and standardizing data formats. For instance, a product might be named differently across systems (e.g., Sku12, SKU12, SKU-12), creating confusion and errors in reporting and analysis. o9 addresses this by mapping transactional data from different systems to a single model, ensuring uniformity and accuracy in the data used for planning and analysis. Additionally, we provide (for example) 'good morning' dashboards directing planners to master data exceptions for easy troubleshooting.

Integrating unstructured data for comprehensive insights

Valuable insights often reside within unstructured data formats. o9 Solutions' platform integrates unstructured data - from emails and documents to social media interactions - with structured data, enriching the ecosystem of decision-making information. This capability ensures organizations benefit from a holistic view, enhancing planning insights with depth and breadth previously unattainable.

Proactively deriving and predicting master data

o9 doesn’t just rectify existing data; it uses transactional data to derive new master data elements and predict future values. This anticipatory approach ensures planning processes are informed by the most current and predictive insights. By applying smart analytics to transactional data, such as purchase orders and goods receipts, o9 can update lead times and other critical planning parameters and predict future values as well. This dynamic approach to master data management significantly enhances responsiveness and strategic alignment, ensuring planning processes are agile and informed by the latest operational realities.

Cultivating continuous improvement and governance

Achieving high data quality is not a one-time goal but a continuous journey requiring ongoing effort and governance. o9 Solutions aids organizations in establishing robust frameworks for data excellence and governance. This includes creating dedicated roles focused on data management, implementing initiatives to educate and work with the business on curating data, and leveraging feedback loops to ensure data visibility and utility are maximized. Through these efforts, o9 not only addresses immediate data quality issues but also lays the groundwork for sustaining high standards of data quality over time. This approach acknowledges that data management is a dynamic process, with new challenges and opportunities continually emerging as businesses evolve.

From challenges to strategic opportunities

By transforming data quality challenges into opportunities for enhanced efficiency, accuracy, and insight, o9 Solutions empowers organizations to leverage their data as a strategic asset. The comprehensive approach taken by o9 addresses the multifaceted nature of data quality issues, ensuring organizations can trust their data to make informed decisions. High-quality data becomes a catalyst for operational excellence and strategic innovation, enabling businesses to navigate the complexities of today’s dynamic market landscape with confidence.

Through our advanced platform and methodologies, o9 ensures that organizations do not merely cope with data quality challenges but thrive by turning these potential obstacles into foundations for informed decision-making and strategic growth. In the realm of planning transformation, the journey toward high-quality data, underpinned by o9's expertise and technology, is integral. It guarantees that organizations can achieve their strategic objectives more effectively, leveraging data quality as a competitive advantage in the digital age.

In conclusion, enhancing data quality is critical to the success of any planning transformation. With o9, businesses have a partner equipped with the tools, expertise, and methodologies to ensure that data quality issues are comprehensively addressed, transforming data from a source of challenge to a strategic enabler of decision-making and operational efficiency.

O9 guide ai ml mockup

Building a superior forecasting model with AI/ML

AI/ML-based forecasting models have become essential. Learn how to build the right planning solutions now.

About the author

Stijn-Pieter van Houten VP of Industry Solutions

Stijn-Pieter van Houten

VP of Industry Solutions

Stijn-Pieter is VP of Industry Solutions at o9 Solutions. He has over 13-year consulting career in Supply Chain Strategy and Transformation and a keen interest in Planning and Control Tower topics.

Resources

View our related articles, white papers, use cases & videos

article4 min

Unifying a Scattered IT Landscape: o9’s Solution for Seamless Integration

by Stijn-Pieter van Houten
O9 mof blog unifying a scattered it landscape o9’s solution for seamless integration header
article9 min

What is Revenue Forecasting?

by o9 Solutions
O9 blog what is revenue forecasting header
video

Why the Future of CPG Supply Chains is Autonomous

52 min
Why the future of cpg supply chains is autonomous thumbnail
article2 min

Cracking the Code: Strategies for Achieving Growth Targets Amidst Consumer Complexity With Francisco Crespo

by Caleb Masters
revenue growth
article6 min

Leading Auto Supplier Drives Responsiveness with IBP and Collaborative Demand Planning

by Zarrin Lilani, Stijn-Pieter van Houten
O9 ibp blog 4 header image
video

Why Tracy Allen Advocates for Women Leadership in Tech

27 min
Why tracy allen advocates for women leadership in tech thumbnail