What’s the cost of working with the wrong data or even worse losing data?
Unfortunately for some operations, the answer to this question was learned the hard (and costly) way. Data Disasters are a common scenario in many mining operations, and these data disasters can take many forms. From the seemingly innocuous issue of working on out-of-date data to the more obviously catastrophic losses of data, make no mistake, the way you manage (or mismanage) your data can have serious implications.
Today, we look at five data disaster stories from the field that illustrate just how important it is to manage your data carefully and effectively.
How’d That Get There?
A report gets produced from the wrong resource model and gets posted publicly.
Loss: Over $50,000 in fines
There Goes The Laptop
A Principal Geologist loses laptop during visit to overseas operation containing all models.
Loss: A lot – all the data available for that project, which required the project to start over at the beginning.
Who’s Got It?
Working in a collaborative environment with independency among departments, this operation lacked a good platform for data collaboration.
Loss: 10+ copies of the same project circled around users computers and resulted in numerous hours lost on data transfer while questioning who owned the latest version.
I Quit!
An advanced resource geologist in charge of multiple exploration assets quits and deletes all copies of the resource model existing from the network.
Loss: Months to recover the data and replicate the number exactly.
The Patchwork Quilt of Data
A corporate office in city center is in charge of consolidating all the resource data from multiple sites and for multiple commodities to generate AIF and status reports. The data comes in in multiple formats.
Loss: Process takes many geologists 3 months.
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