Empowering business users through easy integration with OSDU™ data platform

Although there is growing recognition today that data is a strategic asset, many business users are not taking full advantage of their organization’s data estates because they do not have a complete picture of the data at their provision and data governance framework in place. .

In 2021, we released a SaaS-based data dictionary to address these challenges by providing a web interface that allows users to see what data is available within their organization. The portal includes important data governance metadata, such as how data is defined, where it comes from, who owns it, and who modified it. The data dictionary complements our well-established data-independent workflow automation platform, Enterprise Data Management (EDM) for Energy.

Thanks to the data dictionary, users can browse their own repositories to better understand the underlying structures without having to understand the different terms of the data model. The data dictionary describes connected repositories in a common language, presented with comprehensive metadata descriptions that clarify terms and provide in-depth understanding of concepts for business users. For example, the data dictionary can map BH_Latitude in one data model and Bot_Hole_Lat in another data model to Bottom Hole Latitude in a way that a business user understands.

OSDU-Forum

The new features we’ve delivered through the Data Dictionary are particularly important in the context of the exciting work being done by the OSDU Forum to increase data interoperability between E&P companies.

The OSDU Forum is dedicated to building an open-source, standards-based, technology-neutral data platform that will enable innovation, industrialize data management, and enable organizations to quickly commercialize new products.

With the resulting launch of the OSDU Data Platform, businesses are beginning to accept that data structures don’t have to be proprietary and that leveraging a common platform will allow them to make business decisions more efficiently. enlightened.

Widespread adoption of the OSDU Data Platform will allow operators to focus on making decisions, knowing that high-quality data is seamlessly available to all connected platforms for analysis.

Manage transition

Whether deciding to invest in a specific enterprise data lake or to leverage the broader OSDU data platform support, operators must create a plan to manage the transition in the least disruptive way. their day-to-day operations while ensuring the transparency of the process.

The combination of our EDM and Data Dictionary offerings provides an integrated solution to facilitate this transition to the OSDU data platform. EDM enables connectivity, data quality, and data mastery between subscription and local data sources to provide a consistent, corrected view of data.

Starting with today’s hybrid environments, EDM can easily connect and provide visibility into all data across on-premises and cloud-based systems. EDM can then be used to automate the process of consolidating and cleansing data assets to prepare both data and metadata for introduction into frameworks such as the OSDU Data Platform.

Users can continue to work in their specialist applications throughout the transition, with EDM acting as a mastering and ETL tool between on-premises systems and the new data platform, while providing full process transparency .

As new SaaS applications are created, EDM can be extended to perform data conditioning and workflow automation directly on new data repositories. This ensures that decisions are made based on comprehensive data of known quality from on-premises and cloud-based applications.

Throughout this process, our data dictionary provides the glue to examine and understand the context around each of the data repositories, giving users greater visibility into their data. As mentioned, the Data Dictionary portal includes valuable data governance metadata.

Because the data dictionary leverages metadata that already exists in the EDM platform, it can provide rapid deployment for existing customers. A business glossary mapping feature supports the integration of data sources from systems outside of EDM, creating a view of the organization’s entire data estate.

In this way, our EDM and Data Dictionary offerings complement the OSDU Data Platform, enabling common understanding of data between business and technology users and streamlining data migration to the cloud.

Find out how we are helping organizations adopt the OSDU Data Platform



Posted on February 15, 2022 by Benin ChelinskyDirector, Product Manager, Energy EDM, IHS Markit

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Kay SutterAssociate Director, Product Management, Energy EDM, IHS Markit

IHS Markit provides industry-leading data, software and technology platforms and managed services to meet some of the toughest challenges in financial markets. We help our clients better understand complex markets, reduce risk, operate more efficiently and comply with financial regulations.


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