System and method for using data with operation context

A method includes creating a digital description of the well construction system, wherein the digital description of the well construction system describes the locational relationship of components in the well construction system, collecting multiple types of data from a well construction system, and tagging the collected data with an identification indicating at least one of a location of a source of collected data and a component in the well construction system from which the data is collected. The multiple types of data include sensor data collected from one or more sensors disposed along the well construction system and operational state data indicating an on/off status of one or more components in the well construction system.