The data requirements of energy and commodity markets are complex and constantly evolving; finding ways to efficiently manage, organize, and store data are among the most significant challenges businesses face today. To address this challenge, many companies are confronted with the difficult choice of either building their own software solutions from scratch or buying an […]
Clean data plays a vital role in businesses’ decision making processes, as it helps organizations save time and improve efficiency. Data cleansing or data scrubbing is the process of detecting and correcting or removing corrupt or inaccurate records from a record set, table, or database. The inconsistencies detected or removed may have been originally caused […]
Data is often the lifeline of a corporation. It comprises the most integral component of any entity due to its ability to directly influence crucial business decisions. Therefore, it is extremely important to consider the quality of the data being utilized to establish critical processes. Having the ability to distinguish between the successes and failures […]
Since energy products are the backbone of the economy and are widely used by all sectors, the general belief is that a rise in energy commodity prices in translates to an increase in the price of non-energy commodities, such as metals and agricultural products. To assess the validity of this common belief, we’ll review two […]
Californians love their cars and have a reputation for being environmentally conscious, so it is no surprise that the state leads the nation in green vehicle purchases. According to the Detroit News, roughly 50,000 electric vehicles (EVs) were sold in the U.S. in 2012. California accounted for just under one-third of those sales. In 2013, […]
The amount of data that companies can draw upon is overwhelming. Many market participants within the energy, commodity, and financial industries need help determining which data sets to draw upon to address and, in some cases, identify pressing business issues that need resolving. When attempting to manage high volumes of data, market participants tend to focus […]
Forecasting is an essential part of running a business, and historical data is a vital component of forecasting. Done correctly, forecasting helps a company plan ahead and increase its chances of remaining profitable. When it comes to data, the challenge for many companies today is finding a way to analyze abundant amounts of data in […]
We were most fortunate to be invited to sponsor and participate in Triple Point’s Global User Conference, Focal Point, which took place recently in New York, NY. Myself and Shilpa Mullan, our Sales Director based in New York, attended the event. I really appreciated taking part in the Thought Leadership panel, which allowed the panelists […]
This is the Part Two of Three in our series on the NYISO market. In the Part One, titled ‘The Need for Enterprise Data Management in the NYISO’, Ian gave an operational overview of NYISO as an independent system operator. In today’s blog, we’ll take a look at different products and reports available in NYISO […]
More than 1.8 trillion gigabytes of information was created in 2011, and the amount is expected to grow by a factor of 50 before 2020 (IDC Digital Universe Study). The cost to organizations of storing this information is projected to increase from US$379.9 million in 2011 to nearly US$6 billion in 2016 (IDC). With the […]
