Making technology count in a C/ETRM world

As businesses grow, so does their need for modern, agile and cost-effective commodity/energy trading risk management (C/ETRM) solutions. Pioneer Solutions explores how its next-generation, highly configurable C/ETRM systems take advantage of the latest technology to deliver the functionality to do more with less The digital transformation of the C/ETRM space is one of the hottest topics right now for industry participants. Digitisation – the process of converting information from an analogue into a digital, computer-readable format – is increasing the efficiency of business processes across different companies in the commodity/energy space, and it has been happening apace. In this new world of digital transformation, forward-looking trading companies are leveraging automation to accomplish what their competitors are still performing manually in C/ETRM, and it is yielding many use cases and advantages for businesses. Those changes now span such areas as artificial intelligence (AI), machine learning, robotic process automation (RPA) and digitisation itself. AI has been around since the 1950s, while machine learning is a more recent trend. It can be considered a current application of AI based around the idea of allowing machines to access data and letting them learn for themselves, as opposed to rules-based systems prepared by humans – which is seen more traditionally as AI.… continue reading

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Source: CTRM Center

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