UK-based Gastech News interviewed me in 2015 for a short 5-part Q&A series on how land management and information technologies can be used to maximize activities in the gas industry.
- Part 1: What are your main considerations on land management and information technologies to maximise activities in the natural gas industry?
- Part 2: What are the key challenges to evolve land data management?
- Part 3: How are gas companies transforming their land departments?
- Part 4: What is the most successful data integration approach?
- Part 5: How can companies perform a successful integration between activities related to the volume of land and lease data?
Although the questions focused on the gas industry, the answers apply to the entire oil & gas industry.
Here is Part 4….
What is the most successful data integration approach?
Great question but unfortunately no absolute answer except….depends. Although all gas companies follow the same set of rules, regulations, best practices, etc., even these vary by company size, areas of operations, financial status, economic outlook and so forth. There are many commonalities but each company has different objectives, needs, resources, influences and cultures.
Some IT shops (aka departments) prefer a fully-integrated solution from a single provider, while other ‘best-of-breed’ shops will support interfaces to connect the various dots of technology supplied from multiple providers. Others still will choose to outsource routine and recurring back-office administration tasks to maintain a reduced staff and less servers.
Connectivity from anywhere is increasingly becoming important for companies to be successful with data integration. And the data must appear to integrate seamlessly to the point where any decision maker wouldn’t know (nor should they even care) that the information they are relying on came from disparate systems.
The best data integration approach will be unique for each and every gas company but the most successful ones will be those that turn big data sets into small data.
The Small Data Group sums it up nicely with this explanation: “Small data connects people with timely, meaningful insights (derived from big data and/or “local” sources), organized and packaged – often visually – to be accessible, understandable, and actionable for everyday tasks.”
What’s your opinion? What are the most important elements to be successful with data integration in the oil & gas industry?