A formal approach to data management is often underestimated and frequently undervalued. Data is the lifeblood of an oil and gas company and having good data management practices can play a major role in helping companies be competitive.
Effective data management is not simply a case of having enough storage capacity and a making sure you have a back-up procedure. Sound data management includes:
- Data governance strategy
- Integration across systems
- Tiered storage approaches
- Quality processes and version control
- Policies to oversee data and avoid duplication
Consequently, achieving these objectives is the result of both systems and process. With regulatory pressures brought to bear data management strategy must be clearly defined, repeatable and auditable, allowing risks to be quantified and ultimately mitigated.
With 15 years’ experience deploying IT solutions for oil and gas companies we know how to develop robust data management strategies, processes and tools for your business whilst delivering all the technology you need to support them.
If you need to turn the spotlight on your data management practices or are considering a review of your strategy please talk to us for impartial domain specific advice.