Eka recently co-hosted a webinar, Commodity Risk and Analytics: Keys to Success, with partner GlobalView, the leading provider of enterprise-wide market data solutions for the commodity industries.
The webinar covered key challenges facing today’s commodities companies and the need for advanced analytics to mitigate risk and increase efficiency. Featured speaker Bruce Colquhoun, Senior Business Development Manager at GlobalView, discussed the importance of achieving a holistic view of data with better information management.
“Ensuring that an organization’s data needs are met is easier said than done,” saidColquhoun. “Trading organizations need to make complex, strategic decisions using real-time and historical data from many sources, both market as well as proprietary and operational, and this data comes in many different formats.”Eka Executive Vice President and Chief Marketing Officer, Michael Schwartz, discussed the need for faster, fact-based decision making and a modern analytics solution built for the future of commodities companies.
With lower commodity prices, it is increasingly difficult for these organizations to manage risk and volatility while balancing the need to drive efficiencies and manage costs to protect margins. During these times, having the right systems and practices in place is critical to ensure continued success and profitability.
Most companies have already invested in ERP, CTRM, ETRM, Treasury, CRM, Accounting, Business Intelligence, etc., but still rely on spreadsheets to get to answers. However, these traditional solutions (spreadsheets and transaction systems), are not meant to be analytics systems, so customizing them will end up being more expensive and less effective. In order to make meaningful and timely decisions, commodities companies need an advanced analytics solution that allows users to connect all of their data sources, process large data sets quickly, and discover the answers to key business questions.
View this recorded webinar to learn:
- How real-time analytics can provide answers to critical business questions
- How to blend multiple sources of data for meaningful analytics
- How to achieve a holistic view of data across an enterprise
- How to use scenario analysis and optimization to make the right decisions at the right time
If spreadsheets are still your decision making tool, then you need to watch this webinar!