In the energy sector, it's common for companies to have amassed mountains of paper over the years, whether through acquisitions or ongoing business operations. Searching for, reporting on, and interpreting this information can be slow and painful. Making fast, informed project decisions while verifying and processing file data is even more challenging. Moreover, a lack of transparency into agreement expirations and contract obligations puts companies and projects at risk.
This is the unfortunate reality of data storage today. As the amount of data increases, so does the time your teams spend searching for it. It’s hidden in storage rooms, computers, and desks. And once you’ve tracked it down, you’re dealing with various formats. This makes it extremely difficult to secure, manage, and consume. Digitizing your information not only organizes it and makes it easier for your stakeholders to access, but it also secures your sensitive information.
You have an overwhelming amount of data, and questions like these are flooding out:
Digitizing your data offers numerous benefits beyond just organization and security:
If you've got storage rooms full of paper land agreements and project files, you can maximize their value by improving how you store them.
It may seem like an expensive undertaking but not doing it will cost your organization even more over time. When you factor in the labor and expertise needed to do it internally and then compare it to the costs of outsourcing, you’ll wonder why you even hesitated. Here are some tips when researching service providers:
Embracing digitization is not just about keeping up with the times; it's about transforming how you manage and leverage your data to drive better business outcomes. By partnering with the right service providers, you can ensure that your information is not only secure and accessible but also optimized for strategic decision-making. Don't let your valuable data remain hidden and underutilized. Migrate from paper to polygons.
About Pandell & Whitestar
Pandell and Whitestar provide a full suite of financial and land acquisition, management, and geospatial data solutions that enable renewables, utilities, natural resources, and pipeline companies to efficiently plan, track and manage their business operations more efficiently.