Enterprise Data Management’s (EDM) Rec&Sync solution delivers real-time monitoring, reconciliation and synchronization of oil and gas data across multiple applications and projects. It ensures all users have access to the master data set directly within their application of choice.
EDM for Energy: Rec&Sync
Petro-technical applications and the projects within them are often impacted by data duplication, caused by numerous users having access to, and edit rights for, the same data. This creates several challenges, such as making the latest data changes available to all users and ensuring decisions are based on the correct data set.
Firms spend a significant amount of time and resources manually managing data flows between interpretation, engineering and production applications. They often make extensive use of spreadsheets and proprietary tools to compare data between different data models, identify changed values and assess conformity to standards.
EDM’s Rec&Sync solution helps firms overcome these challenges by monitoring reference data values across applications and within projects, in real time. It identifies and catalogues variances, and enables automated reconciliation between different versions of the same data on both the application and project level. Master attribute values can be synchronized, ensuring all users have access to the master data set directly within their application of choice. All activities within EDM are fully auditable, providing complete insight into corporate data flows and past activity.
EDM can be implemented on premise, on the cloud or leveraged as a fully managed service deployed with our cloud partner, Amazon Web Services (AWS). The latter option enables firms to reduce implementation times, future-proof, cut costs and scale up and down quickly as business needs change.
EDM is agnostic to both data format and structure. It includes connectivity to not only IHS Markit petro-technical solutions (such as Kingdom, Petra and Harmony), but also third-party products and data subscriptions. Data can be easily distributed from EDM to internal and external systems.
The consistency of static and reference data is ensured by conducting real-time monitoring and alerting users when changes are made. Users have access to, and can therefore base their decisions on, the master data set.
Master attribute values are synchronized on both the inter-application project level and intra-application level. Synchronization can be fully automated, with client-defined approval workflows providing complete insight and control.
Users benefit from a centralized view of their data across all projects and applications. An audit trail, full data lineage and history of changes are maintained.
Mr. Amery heads the rapidly growing EDM for Energy business with operations in North America, Europe, the Middle East and Asia. Prior to joining IHS Markit, he held sales management roles at energy and commodity technology firms including Triple Point Technology, Updata and Trayport where he was responsible for client growth and launching new products and services. Before this, he founded his own technology and media company following work at JP Morgan and Schroders Investment Management.
At IHS Markit, she leads a global team of consultants who are responsible for the delivery of software solutions and other types of professional services to IHS Markit customers worldwide in Financial Services, Energy and Maritime & Trade. Ms. Isajenko and her team are passionate about delivering best-in-class customer experience. Through professional services engagements, they help IHS Markit customers improve operational flows; increase the quality and timeliness of reporting; and make efficient decisions based on high-quality data.Prior to joining IHS Markit in 2018 as EMEA Head of Professional Services for EDM, Ms. Isajenko led operations and consulting teams at a number of other software and related vendors.Ms. Isajenko holds a degree in Engineering Informatics from Vilnius Gediminas Technical University in Vilnius, Lithuania.