No one can predict with any certainty what will happen tomorrow. Just ask any company engaged in trading energy commodities. With extreme price volatility the norm, predicting exactly where prices are headed – when they will spike or fall – and reducing risk on each commodity is a challenging task.
To survive, energy companies today are increasingly enhancing traditional risk management with advanced analytics, to deliver real-time information that supports smart assumptions about all future transactions, which in turn helps to mitigate market, credit, regulatory and even reputational risk. Analytics also enable the performance of the retail market, understanding the behaviour of your customers through monitoring retention, attrition and segment profitability.
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