Reports Disruptive Technologies in Commodity Trading | Page 4

Disruptive Technologies in Commodity Trading Markets 4 A ComTechAdvisory Report Digital Game-changers for the EU Energy Markets The rise of renewables, changing regulations, information overload, real-time trading trends and other factors impacting European power and gas markets are forcing many European Union (EU) power traders to recon- sider how business will be conducted moving forward. Profits are not so easy to come by anymore. Many industry leaders are looking toward technology for answers. Where should they start? 1 2 3 4 Cloud Adoption and Software as a Service (SaaS) Cloud migration and SaaS enable rapid innovation, business agility and a consumption-based business model that makes everything else work at scale. What’s more, cloud computing facilitates “cloud native” applications and program deployment – a non-negotiable in today’s fast-moving digital age. Artificial Intelligence (AI), Machine Learning and Internet of Things These newer developments combine to automate many functions crucial to success in the evolving energy markets. Real-time intraday trading, automated asset scheduling and optimization, smart grid management, and intelligent supply chain monitoring and maintenance are just a few capabilities to consider. Blockchain While not as mature as the other technologies on this list, blockchain is gaining ground in EU energy circles. It enables distributed ledger technology that builds trust between parties through guaranteed transaction security and verification. Pilot programs are now active in exchange platforms involving traders, producers and consumers; in back-office applications; and in connecting microgrids to wholesale markets. Big Data Analytics Big data, AI and analytics are set to transform the industry, with virtual power plants (VPP) being just one recent example. Operators have already applied the technology to combine small and medium-sized electricity producers with flexible consumers in a single VPP that’s automatically monitored and controlled in real time. Drones support the operation, collecting images that help the network during outages. As these technologies and others become mature and accepted across the continent, early-movers can gain a decided advantage. Stay one step ahead by reading our new report Digital Innovation in European Power Trading and rise to meet the future faster. www.fisglobal.com [email protected] © Commodity Technology Advisory LLC, 2018, All Rights Reserved. ©2018 FIS. FIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries. 4