We hear it all too often. A utility company has a massive overload of data, is unsure of how to structure it to find the needed information within the organization and has implemented a variety of ‘supposed solutions’ only to be let down by the results. Key decision makers become frustrated and start to believe that there is ‘no real solution that exists.’ Additionally, to add fuel to the fire many key personnel are approaching retirement age and newer hires don’t have the vast knowledge that those working in the industry for many years do. This emerging problem of knowledge transfer is a common thread throughout many organizations and something that should be addressed now before it comes down to searching for a document and being unable to find it.
There are three key reasons that we have seen on why utilities put off data discovery:
1. Barriers of centralizing the data into one location- Data resides across many databases, and an organization has no idea on where to begin to gather the data in one central location.
2. Costs associated with finding and implementing a solution- Some solutions provide some sticker shock yet with the right solution the costs involved with the solution should far be outweighed by the value it provides. From less down time for a nuclear power plant to higher levels of safety, these metrics are almost priceless.
3. The data is predominately unstructured, and no one solution has been found to address a fully capable search solution- Technology solutions have fallen short in dealing with all of the different types of data (think unstructured, semi-structured and structured). SavantX just doesn’t work with one type of data; it works with ALL types of data!
Investing in a data team isn’t necessary with SavantX, anyone can easily find virtually any document and the passages of interests within the document. Data discovery is now something that can be addressed today instead of putting it off in hopes that the right solution will come along one day… Look no further, the solution is here. It’s called SavantX.
