2021 Commodity Traders: Systems slowing down move to renewables?
December 22, 2020
2020 has seen record profits as commodity traders took advantage of pandemic-induced volatility. 2021 will be different: Yes, a new strain of the virus will drive short term volatility, but they bigger macro question is the speed at which the industry moves into renewables; it appears to us that we have reached a tipping point.
Consequently then, in 2021 agility will be the key when taking advantage expected gains coming from renewables – but businesses without unified back-office systems may fail to execute with enough speed to truly reap the benefits.
We are currently working with commodity traders and we see the same problem: there are silos of good working systems and processes, but often these silos are not well connected. This results in manual work-arounds which are costly, slow and make robust data collection and analytics harder. Our approach is to use Intelligent Glue (a small portfolio of automation tools) to connect and enhance these systems/processes – this is less risky and quicker than wholesale rip & replace.
Example of projects
• Automating data collection from large number of sources
• Implementation of flexible data warehouse in the cloud
• Real-time data visualisation for management and trading
• Robotic process automation removing repetitive manual work
• Machine Learning to extract data from complex PDF documents
We support commodity traders by delivering intelligent automation solutions and better data. Our obsession is world-class implementation, using world-class tools.
Want to discuss how Intelligent Glue can help you automate? Get in touch:
For over 10 years www.pskinetic.com has delivered intelligent automation to customers ranging from large multinationals to mid-size enterprises. We use a number of leading automation and reporting tools, including www.appian.com, www.blueprism.com and PowerBI. Our headquarters is in London and we have a team in India.
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