I was a speaker at the Data Management and Document Control conference 2 weeks’s ago. It was a conference aimed at the Oil & Gas industry, and my presentation was primarily focused on Data in Exploration & Production (E&P) segment of the industry. That’s also the segment that brings in the mega big bucks!
The conversations with the participants have validated and strengthened the fact that no matter how we talk about how valuable data is to the organization, how data is the asset of the organization, the truth is most organization SUCKS big time when it comes to data management. The common issues faced in the E&P data management in Oil & Gas are probably quite similar to many other industries. For the more regulated industries such as banking, financial institutions, governments and telecommunications, data management, I would assume, is a tad better.
The fact of the matter is there little technology change in the past decade in data storage, data protection and data movement. There are innovations from a technology point of view but most technology innovations do not address the way data could be better managed, especially from a data consolidation point of view.