Geophysical data compliancy means only using data you are entitled to use for an implicitly defined purpose and timeframe. Geophysical / seismic data is complex, as it is an image of a defined position on the earth. That representation is multi-dimensional, multi-faceted and geographically based consisting of raw and interpretation data. Add to this complexity that the data resides on different media types and is in different formats, stored internally or with an external storage facility and the complexity grows. If the complexity of data isn’t enough, the oil and gas industry is an ever changing and complex environment due to merger and acquisition (M&A) activities, regulatory obligations, contractual laws and obligations to other exploration companies. Let explore how corporations can use technology and process to manage this complex dataset and achieve governance.
As artificial intelligence and big data begin to gain traction and create success in the information management realm, allowing corporations to make more informed and educated decisions, so to the data management processes must adapt and modernize. Data management must change to keep pace with the demand for answers on the legal rights and ethical obligations. Validating data and information within a corporate environment can seem like a monumental endeavor; however, technology can contribute to the greater success of these projects, by providing the ability to sift through large volumes of data, allowing data analytics to provide insight and enable the consistent monitoring of the environment to ensure your company becomes and remains data compliant.