| Time and information are the two hottest | | | | contributions are more interesting). |
| commodities in the Digital Decade. How could 2 | | | | Speed Increases Information Value |
| concepts so simple in nature actually be | | | | Using a handheld to collect information in the oil |
| considered commodities? | | | | and gas industry is far from trivial. This real time |
| In this fast paced world where multi-tasking runs | | | | information actually affects the decisions you and |
| rampant people are running out of "time." There is | | | | your company make on a daily basis. Compare |
| so much to accomplish in 24 hours that we all | | | | how oil and gas companies used to collect and |
| seem to fall short on what we can actually | | | | analyze information (paper-based data collection), |
| complete. We are inundated with information. So, | | | | and how they do it now (handheld data collection). |
| just like you've got a preferred way to take your | | | | Capturing data via a handheld allows you to see |
| coffee you have to make the decision, "How Do | | | | the information within hours of it being collected, |
| You Take Your Information?" Do you prefer | | | | not 2 days later. The expediency of real time |
| information that is a week old or do you want | | | | information is truly valuable. |
| information about something as it's happening? | | | | Using a handheld that provides your calculations |
| That is where the value of easily harnessed, up | | | | immediately and gets feedback from the office |
| to date, credible information ties into the value of | | | | flowing, allows you to make adjustments to |
| time. The pressure has increased for people to | | | | production equipment much quicker. Plus with a |
| gain real time access to the exact information | | | | handheld there is no double data entry so the |
| they need. They need to analyze it and move on | | | | information being analyzed is more accurate. The |
| to the next task. | | | | combination of more timely and credible |
| What Is Your Tolerance For Information | | | | information results in enhanced optimization which |
| Expiration? | | | | positively affects your bottom line. |
| Just as time has an expiration date, so does | | | | Jane's Tech Advice |
| information. The tabloid magazines on the | | | | Take a look at how the world is digesting |
| newsstands these days are waning in popularity | | | | information these days. The timeliness of |
| because online blogs have reported the | | | | information affects its value. You need to figure |
| information contained in the magazines the week | | | | out if your company can wait to optimize or if |
| before and have already moved on to more up | | | | optimizing in real time is going to result in a better |
| to date information. Even with something as trivial | | | | bottom line. Now is the time to decide, "How Do |
| as celebrity gossip people see the increased value | | | | You Take Your Information?" |
| in the most updated information (even if it just | | | | ISSN 1913-5602, HOT Tech Times, Vol. |
| means their coffee break conversation | | | | |