It is OUR data not MY data

here is a lot of interest in advanced analytics to inform better decisions and make additional revenue…

Posted: October 23, 2017

Asset Performance

It is OUR data not MY data

Becoming “Data Driven” is the new consulting buzzword, along with Digital Transformation. It fits well with all the new digital technology that has come on the scene recently. But the first step in being “Data Driven” is that data needs to be seen as a corporate asset. If you look at most companies today, that just isn’t the case.

‘MY data world’ leads to ‘Excel hell’

While you will find hard working information management groups in every company, if you look close enough you will find that a lot of data comes from shadow IT software such as Excel, Access or maybe shared drives. But in whatever form it comes, that data is MY data not a corporate information asset.

If your most trusted and authoritative data source is a personal spreadsheet, you are living in a MY data world—a data universe where analysts must go on the hunt to find the best nuggets. Then they must work to clean up, reprocess, reformat and enrich what they find to suit their individual standards, and carefully squirrel away that data in a personal hiding place for reuse.

This process will usually give you a pretty good result, as long as you have an experienced and dedicated analyst. But if the analyst is away, or transferred to a new assignment or heaven help you, retires or quits, your comfortable world just came to an end.

Worse yet, if you have more than one analyst, you have multiple sets of individual best data stores and different results from competing processes. I used to call this “dueling spreadsheet”. But from a data management’s perspective, it is “Excel Hell.”

Data as a corporate asset

To get to a “Data Driven” culture, you have to start considering data as a corporate asset. Then senior leadership has to reinforce this idea. Just have bosses ask their analysts where they got their raw data from, where they put the results when they complete a project, and reward them when the answer is good enterprise information management practice. 

You can’t just delegate this responsibility to the IT department. Data has to be a business priority, not a technology challenge.
Someone has to figure out what data is important and set the clear definition of those information objects so that comparison and exchange of data is an efficient process. 

Setting the rules

Someone has to set the security rules on what data is confidential and what is not, what data is to be stored and what is to be dumped. Someone has to set the business and technical rules on how to treat the best data. Someone has to agree on what standards are going to be used, whether industry or internally developed ones. 

I am not suggesting that every executive or even engineer learn data models or statistical programming languages. Just that they learn enough, care enough, pay attention enough to make sure their organizations get the message that it is OUR data, and that everyone has a responsibility for everyone to benefit.

Certified data managers in a data-driven culture

Create data steward positions, encourage data managers to get certified and reward accordingly. Set up data governance committees and show up to one every so often to see where the problems are. Then help the committee fix them.

Managers usually are screened off from data quality issues by well-intentioned and very hard working MY data analysts. The data shown to the boss is always the best quality and often comes from the results of overtime work and a shadow source. 

This is not a sustainable solution. This is not the way to create a “Data Driven” culture. This is not the way to get the most of your data investments. And it certainly is not the way to make sure that critical information is shared and used by all the people that it should touch. 

An OUR data world is achievable, but first we have to break some bad MY data habits.

author
Written By
Jim Crompton

Chevron Fellow Emeritus and Founder of Reflections Data Consulting Jim Crompton retired from Chevron in 2013 after almost 37 years with the major International Oil & Gas Company. After moving from Houston to Colorado Springs, Jim established the Reflections Data Consulting LLC to continue his work in data management and analytics for the Exploration and Production industry.

Sign up for our newsletter and get all the latest information straight from the source.

Drive Measurable and Immediate Results to Your Bottom Line with APM 4.0   Get Connected

Related Blog Posts Headline

Stay in the know: Keep up to date on the latest happenings around the industry.

Mining
Mining Strikes Back on Labor Challenges with Digital Technologies

To survive the dramatic demographic shift the mining industry must take steps now to prepare; a critical aspect of that groundwork is a radical change in the ...

Mining
Value Chain Optimisation: Eliminating Silos and Enhancing Operations

A trusted Supply Chain Optimization partner, like AVEVA, can help you take appropriate steps towards unifying your operations and supply chain. The first ...

Mining
Roy Hill: A Digital Mining Transformation & Digital Strategy Success Story

AVEVA has worked closely with Roy Hill to help drive significant achievements for far and continues to work arm-and-arm to further their digital transformation ...

Mining
Waste and Loss Reduction: Digital Mining’s Simplest ROI Story

Know what causes the waste and loss in the mining industry so that you can eliminate that exercise and increase ROI through your digital mining investment.

Mining
10 Reasons Why Integrated Planning and Optimization Solutions are Key to Mining Operational Success

A unified supply chain management solution for mining operations enhances collaboration and minimizes the gap between planned, scheduled and actual results.

Mining
Leveraging Technology to Improve Workforce Competency in Mining, Metals, and Minerals

High cost of doing business tops mining and metals industry challenges. Learn how Operator Training Simulators (OTS) can address these challenges.

Mining
Why Companies Will Sink or Swim with the New Generation of Workforce

The age of the incoming amateur professional is radically changing the dynamic between mining corporations and the way jobs are functioned.

Mining
Shaping Tomorrow’s Mine

Digitalization of mine operations will be a force that transform key aspects at every step of the value chain and positively impact the bottom line.

previous next

Sign up for our newsletter and get all the latest information straight from the source.