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    THE BUSINESS TRANSFORMATION IMPERATIVE: change now or become obsolete

    The financial services landscape is changing faster than at any time in history. The FinTech revolution is creating an entirely new breed of competitor that is forcing “the establishment” to look closely at themselves and determine how they can transform to continue to be leaders in tomorrow’s marketplace. Goldman Sachs estimates that $4.7 trillion worth of revenue is at stake and could be claimed by new entrants to the financial services space if today’s market leaders do not adapt and change. While this is a concern for most CEOs, it is also a great opportunity. In this article, Josh Sutton [...]

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  • 250

    SHIPPING ANALYTICS: improving business growth, competitive advantage and risk mitigation

    Data analytics is driving incremental value for ship owners and charterers by influencing decisions across the various business functions of the marine business—such as voyage management, vessel operations and manning, as well as chartering and third-party risk assessment. As information collection and integration throughout the shipping value chain continues to evolve, shipping companies are beginning to harness data to make a range of decisions, from managing routine activities to improving operations and driving strategic decisions focused on transforming the business. In this article, Kunal Bahl presents analytics use cases that show how charterers and ship owners can utilize the power [...]

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  • 198

    ENERGY INTELLIGENCE: the key to competitive advantage in the volatile LNG market

    Today’s liquefied natural gas (LNG) industry faces extreme price volatility and uncertainty in supply and demand. The recent oil price bust, continued growth of LNG spot trades over the last decade, and an increase in the number of LNG exporters and importers across the globe have added more complexity to the process of identifying the right market (for maximum profit) in which to trade LNG. As a result, firms that are interested in remaining competitive and protecting profits have begun to critically evaluate their business processes and the technology that enables them. Many are exploring ways to become more efficient, [...]

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  • 179

    PREDICTIVE ANALYTICS IN INTEGRITY MANAGEMENT: a ‘smarter’ way to maintain physical assets

    Safe and reliable transportation of products is the backbone of pipeline companies. In order to avoid costly and hazardous product leaks, pipeline companies spend considerable amounts of money to maintain the integrity of their assets. Ensuring the integrity of assets, such as pipes, pumping units, meters and valves, requires a robust maintenance strategy that minimizes asset/ equipment failures. In this article, Ashish Tyagi and Jay Rajagopal discuss how predictive analytics can help make asset integrity management more reliable and cost-effective. TRADITIONAL APPROACHES TO INTEGRITY MANAGEMENT Some people who own cars are so hard pressed for time that they neglect to [...]

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  • 161

    DATA QUALITY FOR ANALYTICS: clean input drives better decisions

    Organizations are increasingly relying on analytics and advanced data visualization techniques to deliver incremental business value. However, when their efforts are hampered by data quality issues, the credibility of their entire analytics strategy comes into question. Because analytics traditionally is seen as a presentation of a broad landscape of data points, it is often assumed that data quality issues can be ignored since they would not impact broader trends. But should bad data be ignored to allow analytics to proceed? Or should they stall to enable data quality issues to be addressed? In this article, Niko Papadakos, Mohit Sharma, Mohit [...]

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  • 151

    MANAGING AN ANALYTICS PROGRAM: the three key factors for success

    Analytics programs bring a different level of execution and delivery complexity involving many unknowns and constant changes. In this article, Barbara Thorne-Thomsen, Cassandra Howard and Shahed Haq discuss the three key challenges for developing an analytics project, plus three key success factors for making them work. Many companies recognize that they have opportunities to use data and analytics to enhance productivity, improve decision-making capabilities and gain a competitive advantage. However, managing and executing an analytics program can be challenging. It requires setting a strategy; drawing a detailed roadmap for investing in assets such as technology, tools and data sets; and [...]

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  • 136

    DIGITAL CUSTOMER ENGAGEMENT: the key to long-term success for utilities

    Power utility businesses around the world are rapidly waking up to the enormous changes taking place in the global energy market. Stronger environmental policies, increased competition, empowered customers and evolving demographics add to the factors compelling the traditional electric utility industry to shift to a more competitive model. In this article, Yugant Sethi and Alakshendra Theophilus discuss the changing utility market, the benefits of digital transformation and the challenges many utilities are facing with their digital initiatives. THE CHANGING STATE OF POWER UTILITIES The traditional services model for utilities was one in which customers had little interaction with their energy [...]

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