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Learn more about EDM for Energy: Data Hub
Energy firms face significant challenges integrating data from the disparate applications, databases and vendors they rely on and the heterogeneous formats they use. Differences in business rules raise questions about the consistency and quality of data used for everything from geoscience analysis to drilling operations. Meanwhile, changes made to the data in one system may not be reflected in others, leaving users exposed to the risk of basing their decisions on outdated information.
EDM’s Data Hub solution for the energy industry addresses these challenges by consuming, validating, cleansing, transforming and distributing data irrespective of source, format or destination. Replacing often complex, manual, code-based solutions, EDM provides a single data source and improved source-to-destination workflows, giving users confidence in data accuracy, recency and integrity.
With its hub and spoke model, EDM supports business intelligence and data analytics tools, integration with new technologies, multiple data models, and quality assurance. By improving the flow of high-quality, trusted information between sources and consumers, the platform delivers data optimization and a simple pathway to expansion.
EDM can be implemented on premise, in the cloud or leveraged as a fully managed service deployed in the cloud. The latter option enables firms to reduce implementation times, future-proof, optimize expenditure and scale up and down quickly as business needs change.
Replace costly legacy solutions with a single platform that connects data sources to support efficient data management and maximize data value. Automate the process of aggregating, validating, persisting, matching, mastering and distributing data to third-party and proprietary systems.
Track data back to its raw source format with access to an audit trail of changes made to the data through business-driven user interfaces. Improve data governance with deeper visibility into enrichment and mastering workflows.
Select, enrich and use relevant data through workflows with full audit and automated exception management. EDM ensures all users, irrespective of location, are working from the same underlying data, avoiding costly discrepancies and misunderstandings.
EDM is agnostic to both data format and structure, and does not impose a fixed data model. It allows users to add enrichments as required and transform data to provide a consistent comparison.
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If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at S&P Capital IQ Pro or S&P Capital IQ