Electrical power systems are continuously upgrading into networks with a higher degree of automation capable of identifying and reacting to different events that may trigger undesirable situations. In power systems with decreasing inertia and damping levels, poorly damped oscillations with sustained or growing amplitudes following a disturbance may eventually lead to instability and provoke a major event such as a blackout. Additionally, with the increasing and considerable share of renewable power generation, unprecedented operational challenges shall be considered when proposing protection schemes against unstable electro-mechanical (e.g. ringdown) oscillations. In an emergency situation, islanding operations enable splitting a power network into separate smaller networks to prevent a total blackout. Due to such changes, identifying the underlying types of oscillatory coherency and the islanding protocols are necessary for a continuously updating process to be incorporated into the existing power system monitoring and control tasks. This paper examines the existing evaluation methods and the islanding protocols as well as proposes an updated operational guideline based on the latest data-analytic technologies.