Dynamic Asset Information Management (DAIM) for Midstream and Downstream Energy Enterprises
Complete Information Management Lifecycle Solutions for:
- Digital Job Books
- Digital Data Books
Pipelines and refineries are, by definition, long-lived assets. Those assets are built and maintained for decades and, in most cases, finding information that is two years old is difficult, and ten years old is nearly impossible. Not only does this lead to considerable time wasted as users look to find information about the asset, it can also greatly increase risk to the organization through failed audits, increased unplanned downtime. Ensuring users can locate information generated over decades of time, from construction, through operations and into decommissioning requires a solution that eliminates the problem of stale content, and Dynamic Asset Information Management (DAIM) is the answer.
Eliminate Stale Content by Getting Dynamic
DAIM leverages master data and other information sources including Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP) systems, and Geographic Information Systems (GIS) linked dynamically to content stored in the SharePoint / Office 365. If information related to the asset changes in the source system, the change is automatically translated to the content system, and leveraged by the search interface to ensure that users can find it. The original source information is also captured to ensure compliance with regulatory requirements. Without DAIM, information in the content system becomes stale over time making it difficult or impossible for users to find what they need, leading to losses in productivity and increased risk to the organization.
Benefits of DAIM include:
- Content is always tied to the current definition of the asset
- Dynamic integration with asset master data and other external data sources, including GIS systems, leading to more valuable analytics and improved data quality throughout the asset lifecycle
- Increased efficiency through enhanced search capabilities (faster audits, improved productivity, decreased downtime)
- Greatly reduced time to ingest and begin leveraging information related to acquired or divested assets
- Ease of use, and increased user adoption through zero-click, drag-and-drop interface
- Increased document security due to reduced use of file shares and better document control
- Compliance requirements are met as rules-based retention is automatically applied, reducing risk
- Reduced risk associated to ransomware and file shares
- Reduced document duplication / hoarding due to user frustration
- Reduced risk of users acting on outdated information including outdated procedures
Read the White Paper on how DAIM can help your company drive efficiency and reduce risk around long-lived assets such as wells or pipelines.
Read the Case Study on well master integration benefits for upstream energy companies.
Watch the Recorded Webinar.