base data are the basis. Also for Industry 4.0 - at least that's what the Lünendonk study found. However, the reality looks a little different.
On the road to digitalisation, not only fancy software updates are needed, but also solid master data quality.
Sounds obvious? Many of the surveyed companies see things differently. 54 percent consider themselves to be mediocre or poorly positioned in a „data-driven“ way. Over half also consider the quality of their master data to be so-so. However, half of those surveyed also rate their master data as improved compared to before. And at least 58 percent see themselves well-equipped with their ITProcesses as well positioned - but again only 15 per cent with their Master data.
The study makers analyse the differences and consequences in the Lünendonk study on the basis of the results.
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IFRS & HGB with SAP Business One
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SAP Business One - Reporting
Balance confirmation in SAP Business One