Information Management Solutions for the Energy Industry
Information Management Solutions for the Energy Industry
We are evolving with you
As a service provider for 70 years, we’ve watched the energy industry evolve information systems from physical records to digitized documents to knowledge management platforms. All along the way we have evolved with you and now we’re solving a broader range of problems and protecting more assets than ever before.
- We’re collaborating with you to connect cross-discipline workflows that depend on a wide variety of physical and digital data (e.g. scientific datasets, financial analyses, engineering diagrams, maintenance procedures, regulatory standards)
- We’re enabling intelligent business processes that help you better understand the cost structures, profitability and ROI associated with producing assets and facility operations
- And we’re giving you the ability to claim green electricity consumption from our 100% renewable energy powered data centers
Our focus is innovation. Our outcome is transformative. It’s a powerful partnership that’s really just getting started.
InSight for Energy
Iron Mountain InSight® is a Content Services Platform (CSP) that unlocks the potential of the information you already have distributed throughout your operations. We combine our expertise in content analytics, data management and information governance with advanced Machine Learning (ML) and Artificial Intelligence (AI) to allow you to mine your data and uncover new revenue stream opportunities and cost savings.
Iron Mountain InSight® brings new levels of intelligence to everything from financial analyses to seismic surveys to well headers to as-built documents and engineering diagrams. With no special training, your team can quickly find, aggregate and understand a wide array of artifacts in the right context for your business.
Oil and Gas
Oil and gas is an industry in transition — not only with the entrance of new energy but even within the core business itself. Current economics and sustainability expectations put enormous pressure on oil and gas leaders to fundamentally rethink business models and adapt new ways of working. At Iron Mountain, we’ve built modern new capabilities on a foundation of products and services long trusted by major oil and gas companies around the globe. You will find our classic reliability and security at the heart of every new offering as we adapt with you to be partners in innovation and progress in this age of transformation.
Oil and Gas Use Cases
Challenge
Economic and sociopolitical pressures are causing a shift in priorities. There is less emphasis on new discoveries and reserves to drive valuation. The focus is now on two broad objectives: 1) creating the right mix of producing assets (including traditional and new energy), and 2) getting more value from each asset on the books. These objectives intensify dependence on a wide array of documents, records and other artifacts which must be located, analyzed and understood in a variety of new contexts.
Capabilities
- Evaluate large data sets, such as well data from over 500 offshore wells
- Zero in on specific geographic location, instantly obtain relevant documents and fine tune the results
- Target properties, search for similarities based on document appearance and save a Smart Collection
- Use AI to automatically classify documents and extract key metadata from physical and digital assets
Value
- Speed up the processes behind strategic portfolio actions such as mergers, acquisitions, divestitures and decommissions
- Improve understanding, reduce uncertainty and strengthen confidence when analyzing scenarios and making decisions
Challenge
The global push for improved ESG (Environmental, Social & Governance) standards has created a rapidly growing regulatory landscape with variations from one country to the next. The traditional means of managing compliance for documents and records is too slow and cumbersome for today’s dynamic world. Operators must be able to swiftly assess new requirements, identify necessary measures, and monitor ongoing compliance while being good stewards of the environment.
Capabilities
- Fully researched, continuously updated records retention and data privacy requirements with automated tools to apply information governance policy directly to your content
- Identify and dispose of redundant, obsolete or trivial (ROT) content and IT assets in an environmentally responsible way
- Claim green electricity consumption from our 100% renewable energy powered data centers
Value
- Reduce risk of non-compliance due to outdated information or incorrect understanding of requirements
- Easily prepare for audits, execute MOC processes and manage compliance training content
- Save on legal research and information storage costs and reduce risk by confidently disposing of information when it’s no longer required
- Cost-effectively achieve your renewable energy, carbon reduction and other sustainability goals
Solutions to Help:
- Content Classification Service for Physical and Electronic Records
Challenge
Whether it’s a producing well or a pipeline or a refinery, each oil and gas sector depends on highly complex, expensive equipment and facilities. The engineering, installation and ongoing maintenance of these assets involves a massive collection of specifications, diagrams, procedures and records. These artifacts are critical to many business activities and widely known to be scattered across systems and silos. Employees in all sectors spend much of their time just trying to locate documents and understand the information they find in them.
Capabilities
- Use one cloud-based system of record to aggregate data from multiple content sources.
- Use AI to automatically classify documents and extract key metadata from physical and digital assets.
- Quickly find and understand relevant content with our contextual search and integrated viewer.
Value
- Take the excessive labor and mystery out of finding and aggregating information relevant to a given asset.
- Add context and intelligence for faster, more reliable understanding and better decision-making
Challenge
Subsurface data is the lifeblood of the oil and gas industry. Even in times of shifting business priorities, the information accumulated in core samples, well logs and seismic imagery maintains its value to a variety of critical functions. But in a world of financial pressures and leaner budgets oil and gas companies need more efficiency and agility in the way they manage and make use of this valuable knowledge.
Capabilities
- Evaluate procedures, workflows, and information usage with recommendations on how to best store and manage valuable information
- Store geographical core samples and seismic media in purpose built facilities with options for core indexing
- Use AI to automatically classify documents and extract key metadata from physical and digital assets
Value
- Dramatically reduce the time required to find, aggregate and analyze subsurface data for any type of project
- Make the historical knowledge of seasoned veterans accessible to the next generation of workers
- Maximize your available space – and lower your capital and operating cost
Power and Utilities
The power and utilities sector is seeing unprecedented disruption as previously distinct business models converge into a new utility ecosystem. Emerging technologies provide the underpinnings for this transformation and Iron Mountain stands ready with modern new capabilities built on our heritage of reliable, secure information management. And with more than 350MW of data center capacity around the world, we can easily scale and grow with you as your business evolves.
Power and Utilities Use Cases
Challenge
It’s common for utilities to use large, specialized, integrated applications for many core processes to effectively provide water, sewage, gas and/or power to customers. However, much of the industry’s critical information is created and maintained in unstructured content distributed across multiple systems making it difficult to find, use, distill actionable intelligence from and dispose of information when no longer required. For example, when core utility functions such as Customer Service, Call Center Operations and Maintenance don’t know where relevant content like right of ways, easements, service contracts and maintenance records are readily at their fingertips, it can increase cycle times and operational costs and decrease customer satisfaction. Without quick access to this information, providing self-service options to your employees and customers becomes nearly impossible.
Capabilities
- Identify document owners, duplicate content, non-records and content with personally identifiable information (PII) or sensitive data
- Once identified, redundant, obsolete or trivial (ROT) content is deleted or quarantined
- Use one cloud-based system of record to aggregate data from multiple content sources
- Use AI to automatically classify documents and extract key metadata from physical and digital assets
- Quickly find and understand relevant content with our contextual search and integrated viewer
Value
- Know what information you have and find what you need more easily, allowing for better use of employee time and improved service responsiveness
- Take the excessive labor and mystery out of finding and aggregating information relevant to a given document
- Add context and intelligence for faster, more reliable understanding and better decision-making
Challenge
The global push for improved ESG standards has created a rapidly growing regulatory landscape with variations from one country to the next. The traditional means of managing compliance for documents and records is too slow and cumbersome for today’s dynamic world. Beyond meeting compliance requirements, proper record keeping can also help your organization avoid significant business issues. For example, with poor records management, insufficient taxonomies and metadata to find the correct information you need when you need it, you risk incorrect parts getting replaced based on out of date schematics, which in turn can be the cause of natural disasters like wildfires. Utilities must be able to swiftly assess new requirements, identify necessary measures, and monitor ongoing compliance while being good stewards of the environment.
Capabilities
- Fully researched, continuously updated records retention and data privacy requirements with automated tools to apply information governance policy directly to your content
- Identify and dispose of redundant, obsolete or trivial (ROT) content and IT assets in an environmentally responsible way
- Claim green electricity consumption from our 100% renewable energy powered data centers
Value
- Reduce risk of non-compliance due to outdated information or incorrect understanding of requirements
- Save on legal research and information storage costs and reduce risk by confidently disposing of information when it’s no longer required
- Cost-effectively achieve your renewable energy, carbon reduction and other sustainability goals
Services we provide
Information Management
Digital Transformation
Related Resources
Contact Iron Mountain
Our Customer Support section can help provide you with the quickest answers to your questions, or feel free to contact us at your convenience.
Contact Iron Mountain
Our Customer Support section can help provide you with the quickest answers to your questions, or feel free to contact us at your convenience.