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24 Apr 2017 - Company & Industry News by The acQuire Newsroom

The GIM Channel 11: Getting data management right from the start

This week’s GIM Channel episode features Paul Stacey, Founder and President of Map IT. Paul specialises in 2D and 3D project modeling, integration and data management for the mineral exploration and mining industry. With over 20 years of experience in providing the best tools for managing data, Paul is also part of acQuire’s Nova Network, a program which features accredited partners who offer high quality data management services for the natural resources industry.

Paul chats to the GIM Channel about working in both the GIS and GIM fields and why he is passionate about providing data management services to natural resources companies. He discusses why it’s important for companies to structure their data right from the start and some of the GIM challenges faced in early stage projects.

Show Notes

Here are some key take-outs:

We’ve all heard of the acronyms GIS and GIM, but what is the difference between the two? Paul Stacey gives his point of view:

Essentially, GIS is about mapping good data and GIM is about managing data for the sake of the data.

  • The best software packages can be used for data but if a company’s data is no good to start with, then you won’t be able to make sense of it.
  • People sometimes don’t recognize the value of their data until they have lost it or a mistake is made. If you’ve never suffered from bad data you may never realise what a powerful thing it is.
  • As projects become more advanced, it is more important to have data in order. Data can be key for companies to be ready for opportunities, such as a sale. If the data isn’t in order, it can slow down or cause opportunities to be missed. Paul gives a prime example of this occurrence.
  • Data management consultants can have cost benefits for mining and exploration companies. Companies can reduce staffing overheads and use consultant services only when needed. Consultants have broader experience from servicing multiple projects which can benefit their clients.
  • One of the biggest challenges in the minerals industry is financing. One of the solutions of this current challenge is getting data into shape so people can assess and evaluate companies at the right time.
  • Ensuring data is structured is one of the biggest challenges companies face in GIM. Paul explains pressure to maintain structured data usually occurs when the data champion (geologist) leaves the company. If data is not managed in a good system, then data integrity, processes and quality becomes volatile.
  • Data management protocols should be put in place from any project from the first drillhole.

Without structured data management protocols in place, things can go sideways really, really easily.

  • Software tools, like acQuire Neo, make data accessible to management and allow people to access a project’s progress wherever they are.
  • Paul is looking forward to seeing the Nova Network continue to expand, helping the resources industry manage their geological data better from the start.

Here are the links you might need

Have you heard the one about…?

Roy Irvine, from The EMMM Group, explains why the mine resource database is one of the most valuable assets on a mine. Listen here >

Steve Mundell gives insights into the future trends catching his attention. Listen here >

Like what you’ve heard?

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About the Author
The acQuire Newsroom

The acQuire newsroom brings you the latest GIM news for technology and business in the natural resources industry.

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