TORONTO – Managing data has become a critical concern in the exploration community, according to a global survey report released by Geosoft Inc.
When Geosoft conducted a similar survey in 2011, only 18% of respondents identified managing exploration data a matter of “critical importance.” Now 44% of them do, with another 38% regarding it as a “top five issue.”
Data was collected from 415 organizations around the globe. The 693 respondents represented a cross-section of roles within resource and energy exploration companies, industry service providers, government and educational institutions. More than 60% were from the mineral resources industry, with the remainder coming from energy (11%), government (9%), educational organizations (5%), and other sectors.
Some key findings:
In summary, the report found that there is a growing need for effective data management in the exploration community in order to attract investors and improve discovery rates. Although organizations are getting better at centralizing their data on a single platform, more work needs to be done to increase data accessibility, reduce duplication, smooth workflows, and lessen dependency on experts.
The survey report is available at Geosoft.com/eims-survey-2013.