Allegro Study: 94 Percent of Commodity Businesses Believe Advanced Analytics are Key to Future Growth

Commodity businesses turn to advanced analytics to manage explosive amounts of data as they face changes in price volatility, geopolitics, and regulatory requirements SINGAPORE, September 12, 2018 – Commodity volatility is increasing at an alarming rate, forcing market participants to adopt new business strategies and implement innovative technologies that enable fast and agile responses to perpetual changes. Because of this trend, Allegro Development Corp., the world’s leading commodity management software provider, recently conducted primary research of 145 Asia-Pacific based commodity executives on their near-term plans for combatting market volatility. This survey found the following noteworthy statistics: 94% cite that advanced analytics are key to future growth 84% say they are planning to improve their organizations’ analytics capabilities within the next 3 years 77% cite price volatility and geopolitical uncertainty as their largest areas of concern in regards to trading strategy and operations 73% report their risk management solutions are not robust enough to meet current volatile market requirements Businesses across the globe are faced with dramatically increasing price volatility and geopolitical uncertainty. Supply sources are being disrupted now more than ever as importers such as the US are becoming top exporters and the energy mix changing due to more liquefied… continue reading

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