While the majority in the energy sector believe that changes taking place are creating exciting opportunities, many are finding it hard to understand developments such as Blockchain, Cloud and Big Data, according to new research by ETRM vendor, Contigo. The company’s new ‘Future of Energy Trading’ research also found that more than half of respondents believe many trading businesses do not have the systems in place to meet all the demands of the changing energy market place, and it uncovered their views on the most important changes likely to take place over the coming years. The European focused, UK based ETRM provider, Contigo, researched the views of energy traders, senior managers, consultants and IT managers working in organisations including energy retailers, energy wholesalers, consultancies and energy generators in Europe and the UK. The research resulted in the company creating a white paper on the changes impacting on energy trading and what businesses need to consider in order to future-proof their systems; from pricing volatility, to the move to day ahead and intraday trading, innovations such as Cloud, Blockchain and Big Data, as well as regulatory changes. The white paper outlines the changes that businesses can respond to and take advantage… continue reading
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Source: CTRM Center