Geosoft Exploration Data Survey

 In Featured, Technology trends and insights
 

Geosoft Survey

Geosoft’s annual Exploration Information Management Survey continues to provide deep insights into management perspectives on the importance and business impact of exploration data management.

Some of Geosoft’s findings include:

  • 85% of respondents, regardless of their role or organization, rank data management as a critical or a top five issue for their exploration group.
  • Managing historical data continues presents the greatest challenge.
  • The majority of respondents would prefer a commercial solution to their data management challenge.
  • Respondents expect better management of data would result in higher discovery rates, improved transparency and lower costs.

One surprise is that a massive 25% of respondents now say that their preferable approach to solving their exploration data management challenges would be the implementation of a commercially-available, cloud-based data management solution.

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