Key Benefits of Industrial Data Migration Services in Oil & Gas Industry

An estimate of around 2.5 quintillion bytes of data was produced globally in a day in 2018. With the wider adoption of the Internet of Things, this has grown at a higher speed ever since. Around 90% of the data we have today was generated in the past 2 years.

The Oil & Gas industry is going to be a major generator of field data. As the industry embraces the technological disruptions caused by I4.0, it is expected to facilitate a gigantic build-up of data—especially from industrial assets like sensors in oil fields and other interconnected devices.

With such a surge in data accumulation, oil and gas industries need to level up their IT resources and adopt various cloud services. In this context, data migration services are playing an important role—the topic of this blog.

Data migration services is a process of transferring data from one location, format, or application to another. This is usually performed at the enterprise level for moving the data to the cloud. It is an imperative and quite hectic process usually handled by data management service providers.

Data is one of the steppingstones that drives the success of any business, irrespective of the industry they belong to. For the oil and gas industry, in particular, real-time, accurate data from interconnected devices like sensors and actuators plays a crucial role.

In this scenario, when most oil and gas companies are either on their way or already using digital resources, data migration becomes an imperative step.

The exploration and production (E&P) data that has been accumulated over the years has long been stored in warehouses or on-premises systems. However, as the industry progresses towards digitization, data migration has become the need of the hour.

Below are some key business benefits of data migration services for the oil and gas sector:

Data migration services often focus on maintaining data integrity. Moving data to an upgraded system with well-planned strategies ensures business continuity while safeguarding data integrity.

Migrating to data centers may have initial costs, but it saves on long-term storage expenses. It reduces the cost of storage maintenance, training, etc. Efficient migration filters out unwanted data, freeing up server space while cutting costs.

Leveraging the expertise of data migration service providers allows minimal disruption to business operations. Your team can focus on business strategy while the migration happens efficiently.

Migrating data to advanced platforms helps upgrade and leverage industry-specific applications. This enables businesses to stay current with technological advancements and boosts operational efficiency.

Migrating to cloud-based or hybrid platforms offers better backup options. It eliminates the risk of losing data due to server failure, providing peace of mind through secure backups.

With automation technologies integrated into data migration services, businesses can enhance productivity. Optimized technologies from upgraded data centers improve operational time and system efficiency.

Maintaining data quality is a key challenge during data management and migration. Oil and gas companies must pay serious attention to managing the following attributes of data:

• Truthfulness – Data must reflect real-world conditions and market realities.
• Completeness – No data should be missing or ambiguous.
• Consistency – Nomenclature and values should be uniform across datasets.
• Timeliness – Data must remain current and accurate over time.

Lack of expertise, poor planning, and weak governance can result in failed or delayed migrations—causing disruptions and financial loss. Especially for large-scale projects, companies often lack access to data preparation tools and the budget to bring in expert assistance.

Data automation is helping overcome many of the above challenges. The emergence of big data, cloud computing, and analytics has made data migration services and data integration services essential for the oil and gas industry’s digital transformation.

These technologies help extract high-quality data and map them accurately to target systems. With Industry 4.0 in full swing, these services play a pivotal role in enabling oil and gas companies to modernize their operations.

Industry 4.0 is the future, and oil & gas companies, like any other industry, must prepare for it. With growing data demands, data migration services from experts at Utthunga help companies implement efficient migration and integration practices.