For Oil & Gas companies, the core benefits of MDM, based on PIDX and UNSPSC are amplified in three key areas:

1. Insights – deriving business insights using analytics
2. Compliance – adherence to compliance rules, and
3. Operations – improving day-to-day business operations

An effective MDM solution, based on industry standards such as PIDX and UNSPSC, will power everything from better decision-making, increased operational effectiveness, improved customer satisfaction, and higher revenue and profits.