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Home > PPDM Services > Compliance: Business Drivers

Business Drivers

Each principal sector within the energy industry should be interested in PPDM Compliance for good business reasons:

  1. Energy Companies - PPDM Compliance provides a reference for the company to measure its own database installation. This enables better understanding of how PPDM Compliant can be integrated with existing data structures and minimizes the resources Energy Companies expend upon data mapping between multiple database implementations.
     
  2. Software Developers - Conformance to PPDM standards limits the risk in software development and improves time-to-market availability of the product. By building PPDM Compliant software, companies expand their market and increase sales to include customers who see value in having compliant software. Compliance to PPDM definitions provides additional business opportunities to form profitable partnerships to share risk between multiple vendors and provide better, more complete solutions to their Energy customers.
     
  3. Data Vendors - Provision of data and loaders using PPDM standard definitions increases return on investment through cost reduction (fewer data formats), added value (e.g. remote database access), and increased sales (larger market).
     
  4. Governments and Regulatory Agencies - A single uniform structure for receipt of reports reduces administrative costs for both the regulators and the operating companies. Moreover, consistent definitions lead to fewer data errors and omissions.
     
  5. Consulting Organizations - Software and business consulting efforts which includes a PPDM Compliance component enables consultants to deliver a higher quality integrated solution to their clients with reduced risk, cost and elapsed time than non-compliant solutions with comparable functionality. New business opportunities will become available to generate expanded, custom, and integrated functionality for clients using PPDM Compliant database as basis.