3 Ways Petroleum Companies Can Improve Data Collection and Compliance with Mobile Forms
Oil and gas companies operate in a data-intensive industry that requires fast and flexible data processing to support continuous monitoring, analysis, and response to the complex systems that power today’s world. Petroleum production and distribution are subject to numerous compliance and regulatory practices, which mandate that companies record their operations in real time with meticulous detail. As competition and consumer demand grow, it is important to ensure your business has both efficient and sustainable data practices.
Here are three ways petroleum companies can improve their data collection and compliance with mobile data collection.
1. Ensure Timely and Accurate Data
Typically in the oil and gas industry, field techs work in remote locations. This can hinder communications between the field and the office. Paper-based or Internet-reliant data collection result in long turn around times between when information is captured and when it can be analyzed and acted on. This means that office staff are not staying up to date with the most relevant data. By automating the way information is captured, management can receive information in real time. This gives staff immediate insight into field operations and the ability to take steps for quick corrective action when needed.
Additionally, manual data collection can result in inaccurate data. When reporting isn’t consistent due to missing information, illegible handwriting, or simple recording errors this can be extremely impactful on the business as a whole. Automating this process eliminates these issues by ensuring information collected is consistent and correct.
2. Data Source Consolidation
Consolidating data collection on a centralized platform helps petroleum companies meet compliance standards and regulatory requirements. Data in the petroleum industry changes rapidly, and without seamless data integration, companies face an uphill battle meeting these burdensome requirements. When companies have multiple methods to capture information, forms get lost and data isn’t always accurate. Streamlining the way information is gathered ensures consistency in the reporting and reduces the risk for lost data. This is how mobile form automation solves problems for oil and gas companies. It is essential for companies with multiple production sites running simultaneously to be able to streamline and integrate the collection of data from their locations.
Optimizing work processes at the production sites of energy producers makes businesses more efficient and effective. Electronic data collection allows energy producers to collect data at work sites across the world, and share it, in real time, with other sites and with a central headquarters. Not only does this make regulatory compliance easier, it serves to enhance a company’s ability to make predictions, properly support its operations, cut waste, and respond to problems more quickly and effectively.
3. Data-Driven Business Decisions
Mobile data collection and automation allow for better analysis of a company’s data. In an industry that is ever-changing, companies need to be able to respond to changes in their operations, and changes in the industry as quickly as possible. Real-time visibility into company productivity is a necessity for any company that wants to be at the cutting edge of the industry. Today, keeping up with your data is an essential part of staying a step ahead of the competition.
The potential applications of electronic data collection in the petroleum sector are nearly endless. Users can input data of all kinds, and share across the platform instantly. Users can also collect signatures, take photographs, and capture GPS locations. Mobile forms are designed to fit the specific and unique needs of a company and can be used to make practically any business operation more efficient. Efficient and effective data collection is vital, not only to keep up with regulatory and compliance requirements of the industry but also to contend with the competition.
Now you can easily modernize the way you are capturing information on or off-site. Whether you are looking to improve your data handling processes or improve insight into your field operations, we hope you consider using GoCanvas as your data collection tool. Sign up for GoCanvas free and give our platform a try today!
Interested in learning more? Check out how NRG saved over $20,000 by switching to GoCanvas!