White Papers Improving Data Aggregation and Analysis to Address | Page 7

Improving Data Aggregation and Analysis
it’s increasingly common for today’s leading oil trading
companies to track and monitor tens of thousands of
data points daily - including prices, ship movements,
and tank volumes at overseas terminals (up to and in-
cluding drone based monitoring of the floating roofs
A ComTechAdvisory Whitepaper
on storage tanks). While the collection of such data
streams can be daunting in itself, the ability to quick-
ly analyze that collected data for true market insights
can be almost impossible without an advanced analyt-
ics solution.
ACHIEVING VISIBILITY INTO A
CONSTANTLY CHANGING MARKET
Whether driven by technical innovations, such as massive hydraulic fracturing or advances in
renewable energy and energy storage, by regulatory changes allowing exports of domestically
produced crude, or evolving global trading patterns and activities, the North American energy
markets of today have fundamentally changed. Each new market change or innovation creates
additional streams of data, including multitudes of new prices, operational flow data and market
intelligence; and the tools and analytics necessary to compete effectively must change as well.
The impacts of these influences can only be mea-
sured by accurate and timely data, arriving via dozens
or even hundreds of channels, both internal and exter-
nal. Assessing the impacts and adjusting trading de-
cisions to limit downside risks and ensure profitable
operations requires rapid data collection and analysis.
In this environment, any process that creates latency
in your businesses information flow, such as manual
data compilation, complex reconciliations or reports
that require hours or days to run, can and will invari-
ably, result in lower profits, missed opportunities and
increased risks.
EKA’S APPROACH TO ACCELERATING
ANALYTICS AND DECISION MAKING
Eka leverages the latest web-based technologies to aggregate data and information from both
internal and external channels and, via app-based statistical modelling, quickly analyzes data to
provide rapid market insights and identification of opportunities and risks. These apps enable
companies managing crude and refined products, natural gas, natural gas liquids (NGL), lique-
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