Managing data to develop quality nature-based projects is no easy feat. The process involves collecting, aggregating and reporting on vast quantities of complex operational and spatial datasets.
Common data management challenges for teams setting up nature-based solutions (NBS) include:
In this blog post we dive into these challenges and explore how poor data management is limiting quality NBS project portfolios from achieving scale.
There has never been a better time to collect data on the world’s natural ecosystems. Teams restoring nature can access a growing marketplace of remote sensing innovation. Despite the obvious opportunities that satellite imaging, flux towers and LIDAR imagery delivers, consolidating disparate sources of information in one place is difficult.
Without a simple management system to support in collecting this information, project managers are forced to manually aggregate and handle nature data. This process can lead to unnecessary human errors, an unacceptable outcome in a market that demands accuracy, transparency and traceability on project performance.
Nature-based project data comes in all shapes and sizes. From geospatial data to carbon credit inventories, NBS datasets are vast and diverse. Facing a ‘death by a thousand spreadsheets’, teams are cobbling together ad-hoc workarounds using excel, file storage systems and workflow management software to take control of their data.
Value is lost in siloed data sitting across discrete databases. With critical information remaining unretrievable and unsearchable, frustration can emerge for teams looking to extract insights to support better project decision making. NBS project developers struggle to streamline operations, limiting their ability to achieve results when resources are constrained.
ESG reporting requirements are a moving goal post. NBS project investors and buyers are demanding bespoke reporting insights that align with their own internal ESG objectives or disclosure obligations. Stakeholders require different types and granularities of data, leaving NBS project developers struggling to keep up.
To attract investment at scale, NBS project developers must build trust with the private sector by delivering transparent updates with the same reporting rigour demanded for financial information. This new era in reporting expects dynamic reporting and a clear audit trail of project events - creating new reporting burden for teams restoring nature.
As demand for quality nature-based projects accelerates around the world, so too do calls for solutions that support the teams working to deliver them. Purpose built data management systems for nature-based projects are emerging to help teams unlock the value and insights sitting in nature-data by:
If you’re curious about how we can help your team manage nature-based project data, schedule a demo. We’d love to hear your feedback!
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