Companies today manage and maintain master data from business partners in multiple instances in various in-house IT systems — and do the same with their own master data in thirdparty systems. Each company has to invest a great deal of time and money in ensuring this data is of good quality. This is due to the high number of data sets created in the process — which amount to several million in the case of major corporations. In addition to this, suppliers have to submit hundreds of certificates year after year to customers such as car manufacturers. Sustainability certificates have recently become increasingly important, too. In practice, this usually results in a considerable amount of manual work on both sides that is very time consuming and prone to errors. The team responsible for the strategic advance engineering project “Economy of Things” (EoT) at Bosch Research is working with partners on an innovative concept that aims to tackle these very issues.
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