K2V Limited

Oil & Energy - , ,

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The Oil & Gas sectors are very adept at recruiting real talent on the basis of skills and capability, often overlooking what candidates actually know. Decision makers need expert knowledge to assist in making company shaping decisions; how can they unlock the breadth and depth of knowledge lying dormant in their organisations without the distortion that comes with the cognitive bias which all humans possess? The K2V (Knowledge to Value) concept was developed from 35 years' experience in the petroleum industry, building and using knowledge to articulate value in basins around the world; improving decision making by collapsing cognitive bias and eradicating perceptual blindness. The industry tends to undervalue knowledge in support of decision making, which K2V achieves by capturing perceptions, removing the non-uniqeness associated with cognitive dissonance. The resulting workstreams involve using Spatial Knowledge Management to harvest knowledge in your organisation by internally crowd sourcing and applying that knowledge simply to collapse cognitive bias through collaborative knowledge sharing or stacking. The methodology not only improves the quality of decision making by unlocking the knowledge lying dormant in your organisation but it fundamentally changes the culture around knowledge: empowering knowledge holders to contribute what they know in a way that rewards and motivates individuals to share what they know. Perceptions are an inevitable part of being human and are important because it is people who make decisions, not data or facts. Technical validation processes are often used to help decision makers narrow their choices, which inevitably deliver single-string solutions (you get what you think you know). We should not be filtering out the diversity of perceptions but embracing them. Spatial knowledge capture allows an organisation to make more effective use of the knowledge available to that organisation.

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