EPAM and Microsoft partner on data governance solutions with Microsoft Energy…

EPAM and Microsoft partner on data governance solutions with Microsoft Energy…

This blog was co-authored by Emile Veliyev, Director, OSDU Delivery, EPAM.

The energy industry creates and uses large amounts of highly complex data for important business decisions, e.g. B. where to drill the next set of wells, optimize production and where to lease the next big field. Despite good intentions, the industry is still plagued by large volumes of data that are inconsistent in location, quality and format – much of which cannot be reliably located or used when needed. Even if the data is reliable, it can be locked in application-specific data stores that limit its use. The solution to this dilemma is multifaceted and increasingly includes cloud technology, the OSDU™ Data Platform, modern applications and data governance that focuses on people and their business processes.

Microsoft Energy Data Services is a fully Microsoft-supported data platform that enables efficient data management, standardization, exemption and consumption in energy exploration. The solution is a hyper-scaled data ecosystem leveraging the capabilities of the OSDU data platform, Microsoft’s secure and trusted cloud services, with the deep expertise of our partners.

Cloud and the OSDU data platform

Cloud-based computing is the future – scalable, reliable, secure storage and compute, all managed for you, with many powerful add-on capabilities always at your fingertips. For the energy industry, the Open Group® The OSDU data platform is fast becoming the standard – an open-source, cloud-based data platform that shares data from applications and provides standard data schemas and access protocols that enable both data governance and rapid innovation.

One of the things that EPAM has discovered in providing boot camps for app developers and making the platform available to ourselves and to customers is its high level of complexity. In those earlier days, platform deployment was a multi-step process, with each service deployed and validated separately, which took up to a week. Before we could move on to solving business problems, part of our job was to guide our customers through various technical deployment roadblocks. In addition, it took more days to include pre-formatted example data to test the platform with real data. No longer.

Microsoft Energy Data Services

Microsoft has enterprise-ready the OSDU data platform and pre-packaged it with the necessary features to optimize the data value of energy companies using the Microsoft cloud. EPAM has seen its benefits. As an enterprise-class platform, Microsoft Energy Data Services offers near-one-click deployment. Deployment time has decreased significantly – what used to take several days now takes around 45 minutes! Likewise, the time to read in the sample data is drastically reduced from a week to about an hour! Additionally, the management layer surrounding the platform provides the assured reliability, stability, security, tools, performance, and SLAs required by large enterprises such as large energy companies.

Data governance and modern applications

As previously mentioned, excellent infrastructure alone does not magically solve all data and business problems. Because Microsoft Energy Data Services provides a solid foundation for storing and processing data and building and hosting cloud-native apps aligned with the OSDU technical standard, modern applications and data governance remain to strengthen a data-driven organization.

It’s a daunting task to manually track the multiple ways data enters the organization, the many places it’s stored, and the many ways it’s used, enriched, and duplicated. Improving this requires a team that can show the detailed way all of this is happening today. Modern digital tools are also needed to automate data aggregation, analysis, quality assessment and lineage tracing. Achieving this for large organizations requires people with a broad and deep view – people who understand the business, the types of data, the technology, and how to get the right data in the right formats, in the right place, at the right time , to the right people. This includes application connectors and analytics applications, designed themselves for the modern cloud environment, so that shared data can be seamlessly pushed back and forth to users.

How to work with EPAM on Microsoft Energy Data Services

EPAM brings industry knowledge, technical expertise, tools, frameworks, software vendor relationships and world-class delivery based on the Microsoft Energy Data Services platform. EPAM has developed a DEPS (Document Extraction and Processing System) accelerator that facilitates the development of customizable workflows for the extraction and processing of unstructured data in the form of scanned or digitized document formats. DEPS is based on Azure AI/Machine Learning and deep learning algorithms. It includes interchangeable subsystems for customization, uses pre/post processors for machine learning, validation and extensions for UI verification, training for automated machine learning models, manual labeling and analytics to verify the accuracy of classic optical character recognition (OCR) and text extraction to enhance. DEPS can be customized to handle numerous data types, including both image and text, PDF, XLS, ASCII, and other file formats. Ask more below [email protected].

Microsoft Energy Data Services is a fully managed, enterprise-class OSDU data platform for the energy industry that is efficient, standardized, easy to deploy, and scalable for data management – to collect, aggregate, store, search, and retrieve data. The platform offers the scalability, security, privacy and compliance that our enterprise customers have come to expect. EPAM provides services that deliver the right data, in the right formats, to the right place at the right time, to the right people, including application connectors and analytics applications using data contained within Microsoft Energy Data Services.

Get started with Microsoft Energy Data Services today.

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