Harness the new technologies that match your growth ambitions
Data is everywhere – and it’s waiting to be used to drive the development of new business processes and disruptive new business models. Your company’s ability to harness the power of data is the key to future-proof decision-making and the great differentiator of the digital age.
Even more, data is used to power emerging machine-learning platforms that drive truly intelligent business processes with minimal input. However, in this dawning era of digitally made decisions, it’s important to balance the complementary advantages of human and machine.
your company’s ability to harness the power of data is the key to future-proof decision-making and the great differentiator of the digital age
The 4 stages of leveraging data
- Capturing: identifying the appropriate data to track is the first step toward high-impact business intelligence.
- Management and governance: having the data isn’t enough; it also has to be clean, accurate and relevant. A concrete approach to data management and governance is a key step towards real insights.
- Modeling and analytics: raw data is useless. Structuring it in a way that meets your needs is the fast track to unlocking its secrets.
- Consumption: in this final step, data is leveraged using data visualisation, descriptive, predictive and prescriptive approaches, enabling the development of a data-driven organisation.
Sound familiar? Thankfully, there’s a few neat solutions that aren’t as tricky as you might think.
Stuart Querns, Director of Enterprise Asset Management (EAM) at Delaware UK, believes that for refiners and other oil and gas companies the answer lies in the quality of data. In his 2 part series "Optimising oil and gas operations – when to decommission or modernise" he explores the importance of making your information visible, the key factors that influence whether you should decomission or modernise, and the role of technology within Asset Management.
In Part 2 of this series, Stuart Querns, Director of Enterprise Asset Management (EAM) at Delaware UK, discusses the various factors needed when deciding when to decomission or modernise an oil and gas company's assets, as well as disclosing the importance of the role technology plays in giving total visibility when making these decisions.
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