IT good - IM bad - survey
Feature Articles, May  29  2009 (Digital Energy Journal)

- Most oil and gas companies are satisfied with their IT departments, but think there is room for improvement in information management -particularly in how well a company ensures that its information management is kept to an adequate standard across the company, according to a recent survey conducted by Venture Information Management.

Respondents said they were mostly satisfied with their company IT practises - but not satisfied with the way the company was evaluating new applications and hardware.

When it came to information management practises, most companies were satisfied with how they were collecting data in real time, updating it, assessing competitors' innovations, sharing information with partners and providing training.

However they weren't satisfied with how well the company was regulating its data management- making sure that it is good enough, being used properly in business decisions and people know how to organise it.

When asked about their information usage, most people said that there were clear boundaries and expectations between personal and company use of data and information and that there are clear lines of communication between IT, the business and the data/information management organizations.

Again they were mainly disatisfied with regulation of standards and processes for data quality, performance management and practices for sharing of data/information.

"IT is more mature than Information Management practices, behaviour and values," says Alan Pointing of Venture Information Management.

The company is keen to continue surveying the industry at regular intervals to see how things change - and in particular, if information management budgets are cut in the downturn (as they were in the 1990s downturn), or the gradual increase in investment continues.

Take the Venture survey

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