Managing Data & Knowledge: Oil, gas industry makes advances in managing data, knowledge

Oil and gas companies continue making strides in better managing both data and knowledge. Gains in managing and retaining institutional knowledge are evident amid a backdrop of some formidable challenges. These include:A workforce fast approaching retirement age. With the loss of these workers over the next decade, many industry sources fear the loss of vital institutional knowledge.Competition for workers from outside industries. Oil and gas companies are finding themselves with a new challenge: to remain technologically competitive with other high-tech jobs.Dispersing knowledge. Companies are taking it upon themselves to train and develop employees.Consolidations. With all companies kee...

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