Energy and Commodities

  • 1689

    Building an Enterprise AI Platform for Today and Tomorrow

    When designing and implementing AI solutions, organizations face important questions around the type of AI to choose and which platform to use. What most quickly discover is that no single technology solution can handle it all. How can organizations navigate the fast-changing landscape without missing today’s opportunities? And, how can they enable rapid innovation by empowering their AI community through self-service tools and resources?

  • 1647

    Powering Predictions in Congestion Trading: A new era for analytics

    In the world of power trading, the ability to predict congestion demand, and price accurately has become a vital competitive differentiator. Across the sector, decreased volatility has led to more organizations pursuing a greater number of smaller opportunities—and it’s clear that traditional approaches are no longer enough.

  • 1522

    Target Information Model: Mastering data architecture to enable digital transformation

    Nicolas Papadakos highlights the crucial role of a target information model (TIM), serving as not only a data management and storage foundational guideline, but also the underlying communication and collaboration structure of the entire organization.

  • 1441

    TOO MANY ‘EGGS’ IN ONE CLOUD: Building a pragmatic multi-cloud strategy

    For most, partnering with a single cloud provider will fall short in mitigating risk, optimally supporting diverse systems and data, and addressing regulatory requirements. In this article, Abhishek Bhattacharya and Sean O’Donnell discuss how success ultimately hinges on how an organization crafts—and operationalizes—a multi-cloud strategy around its unique needs.

  • 1184

    AGRICULTURE: an industry ripe for disruption

    The growing demand for agricultural products is increasing the complexity of production, trading and risk management amid continued price volatility that is being driven by a variety of macroeconomic and environmental factors. As the agricultural industry enters an era of digital agriculture, firms today are making the transition from “price takers” to “price optimizers” while facing ever-increasing risk as they strive to gain more from their existing assets and optimize their supply chains. Jake Riley and Pranjal Srivastava explain how innovative firms are taking advantage of technology to leverage the disruption in agriculture by essentially creating a new class of [...]
  • 962

    Silicon Valley Meets Houston: the emergence of collaboration in energy markets

    Business utilities, a new breed of company in the energy market, are poised to tackle severe inefficiencies that have plagued the sector for decades. Energy players that recognize the potential of these emerging models can, and will, wield a competitive edge. But are large energy companies standing in their own way? In this article, Rashed Haq highlights how the energy markets can take inspiration from Silicon Valley to establish collaborative business models that unlock unimaginable opportunities. Download the PDF In today’s energy marketplace, businesses are feeling intense economic and regulatory pressure on many fronts. There is pressure in terms of [...]
  • 250

    SHIPPING ANALYTICS: improving business growth, competitive advantage and risk mitigation

    Data analytics is driving incremental value for ship owners and charterers by influencing decisions across the various business functions of the marine business—such as voyage management, vessel operations and manning, as well as chartering and third-party risk assessment. As information collection and integration throughout the shipping value chain continues to evolve, shipping companies are beginning to harness data to make a range of decisions, from managing routine activities to improving operations and driving strategic decisions focused on transforming the business. In this article, Kunal Bahl presents analytics use cases that show how charterers and ship owners can utilize the power [...]
  • 198

    ENERGY INTELLIGENCE: the key to competitive advantage in the volatile LNG market

    Today’s liquefied natural gas (LNG) industry faces extreme price volatility and uncertainty in supply and demand. The recent oil price bust, continued growth of LNG spot trades over the last decade, and an increase in the number of LNG exporters and importers across the globe have added more complexity to the process of identifying the right market (for maximum profit) in which to trade LNG. As a result, firms that are interested in remaining competitive and protecting profits have begun to critically evaluate their business processes and the technology that enables them. Many are exploring ways to become more efficient, [...]
  • 136

    DIGITAL CUSTOMER ENGAGEMENT: the key to long-term success for utilities

    Power utility businesses around the world are rapidly waking up to the enormous changes taking place in the global energy market. Stronger environmental policies, increased competition, empowered customers and evolving demographics add to the factors compelling the traditional electric utility industry to shift to a more competitive model. In this article, Yugant Sethi and Alakshendra Theophilus discuss the changing utility market, the benefits of digital transformation and the challenges many utilities are facing with their digital initiatives. THE CHANGING STATE OF POWER UTILITIES The traditional services model for utilities was one in which customers had little interaction with their energy [...]
  • 467

    CHOOSING AN APPROACH TO ANALYTICS: is a single technology platform the right investment?

    There is virtually no debate about the business value of analytics. Effective analytics provide insights into what happened, why it happened and what is likely to happen in the future, as well as the factors that could help shape different outcomes. But when it comes to the “how” of analytics—including which technology platform(s) will be used to support them—there is far less clarity. In this article, Abhishek Bhattacharya explores some of the fundamental challenges of building an analytics capability, including the pros and cons of investing in an all-encompassing technology platform. THE BUILDING BLOCKS OF SUCCESSFUL ANALYTICS Although technology platforms [...]