5 Things That Oil Companies Should Regard as “Must Haves” When Choosing Between Public or Private Cloud Data Management Solutions

lori-m-sousa-24794-unsplash.jpg

Photo by Lori M. Sousa on Unsplash

Oil companies are just starting to wake up to the possibilities that public cloud offers.  The arguments that the public cloud is not secure or is too costly are now being washed away.  The benefits that are now available in the public cloud are massive.  Here are 5 things that oil companies should consider as “Must Haves” when choosing their cloud based data management system. 

  1. You must be able to install your own applications within the private cloud offering.
    Today, oil and gas companies want not only access to data, but also access to the data with cloud-based applications that are resident within the same cloud - so that data access and processing can be done within the cloud itself.  This cuts down data transfer requirements and allows work to be done in-situ.  If you need to download your data to your internal network or create tapes to use, process, or share your data – then your private cloud solution is not keeping pace with technology.
     
  2. You must have the ability to share data between users
    The volumes of data created by oil and gas companies tend to be large.  The typical data sharing methodologies of oil and gas industry by creating copies of data on tape or HDD to share with third party companies is slow, costly and terribly inefficient. Collaboration both within oil and gas companies as well as between them, not to mention suppliers is core to the modern distributed cloud.  Data sharing should be as simple and cost effective as hitting a share button and include industry leading security.  If your cloud does not allow data sharing then it is far too restrictive.
     
  3. When you need more resources (Space, Processing Power etc.), then transparent, automated scalability is essential.
    The whole premise of the cloud in my view is scalability.  If your private cloud solution does not scale or requires advance notice of resource allocation, then your cloud is simply not useful in today’s high performance oil and gas sector.  Oil and gas companies tend to be both impatient, while at the same time used to long project turnaround times.  Clouds with scalability for processing and data storage are going to cuts week or months off projects if deployed on a cloud that scales with your needs.
     
  4. If your private cloud isn’t measured, managed, and billed on the basis of what you use, then your private cloud might as well be swapped for on premises infrastructure.
    Use it a lot, then pay for it.  If you don’t use it much, then it should cost less.  If the private cloud is not SaaS, then it is simply going to be more expensive than the public cloud alternatives. 
     
  5. Your private cloud must replicate in an automated fashion to another discrete geography or your data is at risk. 
    Private clouds that require tape backups and couriers to send data to other locations are inefficient, costly, and really are not clouds at all.  They are essentially JBOD’s (Just a bunch of disks (or tapes)) – and that puts data at risk.  Modern public and private clouds automate replication.  If yours does not – then think twice about your cloud solution. 

    To read about the cloud solution provided by Tape Ark that makes use of the latest in cloud technology, then request our white paper on the Open Petroleum Data Lake and the Amazon Web Services page.

 

Comment

Guy Holmes

Guy is a graduate of Geophysics from Macquarie University in Sydney, and has completed a Masters of Business Administration (Technology Management) from Deakin University in Melbourne. 

Guy is a successful leader with a proven track record in the growth of start up and turn around businesses in the IT, medical and information management sectors.

Guy has extensive experience in the oil and gas, minerals, medical, and information management industries in Australia and the Asia Pacific and is a highly regarded entrepreneur.

Guy’s experience includes:

• Sourcing Venture Capital
• Acquisitions and Sales of businesses
• Commercial technology development
• Research and development for internal and external products
• International business development
• Product and service marketing, development, and management
• Multimillion dollar contract negotiations with government and private sectors (International and domestic)
• Development of business and marketing plans, strategy documents , and other executive level documents
• Industry leader in information management, data management, archiving strategies, legacy technology with a particular focus on the management of oil and gas and minerals information and data on a global scale.
• Operational management and refinement to seek maximum profitability
• Grant applications, financing arrangements, and seeking alternative funding

The results that Guy has achieved in his varied roles stand testimony to his abilities to:

• Manage organizational resources to achieve results
• Develop and drive technology solutions to achieve business goals
• Grow businesses that are both start-up and/or stagnant
• Successfully land, negotiate, perform and complete projects both domestically and internationally

Guy has been married for 24 years and has five children. He enjoys playing ice hockey, travel, mountaineering and spending time with his family and reading.