Energy markets have always been complex and nuanced, but the climate change crisis has created new challenges that we must navigate to build a resilient energy transition that can withstand disruptions and adapt to deliver a sustainable low-carbon future.
ZE will be one of the sponsors at the Energy Risk USA starting from May 4-5, 2022. Aiman El-Ramly, Chief Business Officer at ZE will be on the panel on virtual day on May 4th.
At ZE we offer data from over 14,000 market reports from over 1,400 unique data providers.
Our solutions connect you with relevant data, cutting through the noise to deliver the signal you’re looking for
As an end-to-end data management platform, we’ll integrate crucial data into your workflow in a seamless, native way.
Designed to automatically streamline and simplify all your data needs with efficiency and ease
ZE has an award-winning solution, ZEMA, that offers a complete end-to-end automated data, analytics, and integration services for energy and commodity industries.
Accurate data is vital and an effective data management solution, is a crucial piece of deploying the IT systems that run business applications and provide analytical information to make smarter risk management, trading, and operational decision-making.
Maximize your margins. Accelerate greater productivity and ROI by being able to do more with less. Have the competitive advantage through an efficient integrated IT and analytic infrastructure with in-depth market insights.
Your mission to your organization is to deliver the most value, securing a competitive advantage in the market by capturing and analyzing data. With the right sources, limitless access to data, the right tools, and the right service, ZE delivers the value you're looking for when critical business, trading, risk management decisions are demanded on an enterprise-wide basis.
A complete aggregated data and analytics platform that breaks down your data silos.
We're here to help you scale with the support you need.
We're fully optimized for data automation, making time-wasting repetitive tasks a thing of the past.
We do. We believe in what we make, so we run on our award wining ZE Cloud too.
We're dedicating to providing you with personalized service from real people. Book a discovery call with ZEMA expert.
ZEMA automates the entire data pipeline for you. From the collection from thousands of sources to the downstream system integration and everything in between. Business critical data processes, such as validation, transformation, data modeling, data automation, curve management, publishing, reporting etc., can be easily configured and automated with ZEMA so your users can spend more time on their jobs and less time wrangling data.
"Our driver for bringing in ZEMA was to replace our incumbent system. We evaluated several data management vendors to ensure that Energy New England (ENE) was implementing the solution that best balanced functionality, cost-effectiveness, and professional support. ENE manages over 700 MW of load, 500 MW of generation and $300 million in structured transactions annually. Not only has ZEMA helped ENE streamline a number of our work and reporting processes for our clients, we also have a versatile tool that will grow with our evolving needs and are working with a vendor that we can trust."
Tim Hebert,
Senior Vice-President Energy Operations
"With ZEMA, we achieved our ambitious targets to improve business operations by offering a solution which is integrating various data types in a centralized platform with value adding analysis capabilities. Our data is now more accessible, to both users and downstream applications."
Ulrich Endlich,
IT Service Manager
"We replaced our data management system with ZEMA facilitating risk monitoring through improved data management, better integration, and forward curve building capabilities. We are pleased to be working with ZE."
Alex Zhukovsky,
Director Quantitative Risk and Financial Reporting
"Once we became aware of the robust functionality of ZEMA, it was clear that ZEMA was best suited to provide front-mid-back office integration. ZEMA’s forward curve capabilities are unique in this industry. In addition to a superior product, ZE’s customer service and responsiveness have been outstanding."
Sue Craig,
IT Commercial Manager
"IIR’s strength in asset supply intelligence, connected with ZEMA’s robust platform, and other key trading data, allows the user to get the most accurate view of the market for past, current and future energy fundamentals, and thus make better more profitable trading decisions."
Paul Copello,
President
"Argus and ZE have a long established relationship and outstanding track record of collaboration. Together we deliver highly valuable market insights in a scalable, secure environment allowing our clients to focus on what they do best."
Andrew Bolton,
Senior Manager - Global Partnership
Find us at trade shows, seminars, and other events. Learn how we can integrate with your sucess strategy.
Find a ZE or ZEMA-related event near you soon.
Hilton Rotterdam, The Netherlands & Online Access
May 23, 2022
Wenatchee, WA
July 12, 2022
Virtual
October 12, 2022
We're making headlines. Here's what you hear about ZE and ZEMA in the news.
ZE PowerGroup (ZE) co-host at Mid-C is pleased to announce Chairman Glick from the Federal Energy Regulatory Commission (FERC) as a virtual keynote speaker at the 25th annual Mid-C Seminar. The event will be held in Wenatchee, WA, from July 12-13, 2022. On July 13, attendees will also be able to attend online when Chairman […]
ZE as a global leader in end-to-end data management and analytics technology, received high scores for integrating multiple data sources and the ability to aggregate data from varied sources and deliver it in flexible formats. According to the Vendor Analysis report, the Chartis RiskTech Quadrant® report, ZE was well-placed in the said criterion due to […]
ZE PowerGroup (ZE) is pleased to announce its new placement of 8th place in the Chartis Research 2022 Chartis Energy50 Rankings for top Energy Fintech firms across the globe. To cement its unique positioning, Chartis Research selected ZE as the winner in the Cross-Market Data Management solutions category. ZE is the sole single-technology solution provider […]
Read our blog to learn more about ZE, ZEMA, and how we're revolutionizing the market for our clients around the world.
Success in the modern energy and commodity industry requires companies to adopt a proactive, data-driven approach. The COVID-19 pandemic created an environment of volatility in commodity markets, pushing companies to transform their energy supply chain into a strategic value chain through cost efficiency and enhanced processes. Many companies have adopted data automation and analytics tools to gain a competitive edge.
Here are the top 10+ things energy and commodity businesses should know about data automation in order to get ahead of the competition.
Automating your data and digital processes can help unlock 40% to 75% in cost savings. You may think of 15-20% direct cost saving as a reasonable median estimate (assuming a client starts from little automation, lots of silos, etc.).
Data automation gives a clear view of cost and ownership and helps devise plans to maximize efficiency in the following areas.
Data automation strengthens security, drives compliance, reduces risk, and helps companies stay on top of regulatory requirements. Ultimately, this frees up a lot of time, which businesses can invest in more critical matters.
Companies can break down data silos and yield relevant, contextualized data with data automation. This helps streamline business processes and saves time.
Data automation empowers decision-making across the business. Companies can convert data into actionable knowledge to make profitable decisions and achieve short and long-term goals.
Data automation tools help track data usage to manage and optimize licenses subscriptions. Companies can save millions of dollars this way.
Intelligent automation tools allow companies to simplify and improve the accuracy of their processes, including Independent Price Verification and Mark-to-Market Trader Marks.
Data automation tools distinguish sources (where you can pull data from) and destinations (where you can push data). They enable you to determine a push and pull integration that fits your workflow.
Alongside cost savings, data automation helps integrate resilience and optionality in various business areas. It improves your ability to identify vulnerabilities, such as a plant located in an unstable country and routes going through extreme weather, as well as your aptness to generate options to optimize maintenance and discover how much faster you can run some equipment.
The more data-driven a company is, the bolder the decisions it’ll make to scale the business.
Data automation tools play an integral role in the success of ambitious transformation plans like decarbonization. These tools make it easy for businesses to implement tasks, assess early momentum, and track their progress and benefits.
Automation tools can help protect and provide immediate complete backup for enterprise data. This proves helpful when a company gets hacked.
ZEMA is an award-winning data management, integration, and analytics platform. It provides industry-best end-to-end management solutions and ensures 100% transparency and risk mitigation. We also have an award-winning ZE Cloud solution for Data Management in the Cloud.
Companies in the energy and commodity markets may anticipate likely resistance to the notion that the nuances of one’s job can be codified. However, with the proper involvement of experts and control consultants and ZEMA integration in existing processes, remarkable efficiency and cost savings can be achieved.
The post Data Automation and Business Operations Excellence in Energy and Commodities Markets: 10+ Things You Should Know appeared first on Blogs by data management Experts & Analysts | ZE.
Timely decision-making for businesses operating in data-intensive industries requires investing in creating viable support systems to help them make well-informed and impactful decisions. Businesses operating in industries like energy, commodities, agriculture, shipping, mining, insurance, finance, renewable energy, oil and gas, and utilities require data support systems that offer high-quality and timely data, which can directly influence your decision-making process as they directly impact the outcome of business operations.
Establishing the appropriate infrastructure for an in-house data management system that provides you with a steady and organized stream of critical data presents several challenges. The advent of managed data services comes with several possible advantages that can help you overcome the obstacles your organization might face in creating such data systems.
This post will discuss the advantages of outsourcing data management services for your organization. We will first introduce you to the challenges of data management that can become obstacles for your organization and the fundamentals of holistic data management solutions.
A better grasp of these aspects will help you understand how ZEMA’s managed data services can help your organization unlock its full potential and drive its growth into a more successful future.
The manner in which your organization captures, stores, distributes, and analyzes data, presents the most significant challenges for your organization. Let’s take a quick look at the five challenges your organization should address:
Your organization can acquire critical data through various sources, including internally within the company and through external data vendors. It creates multi-faceted datasets, and each data stream supplies its own set of standards. Efficiently handling enormous amounts of data with different standards has become a significant challenge. Adequate data automation measures can minimize the lag and resources spent on acquiring, organizing, and utilizing crucial data.
And IDC study showed that 2011 saw 1.8 trillion gigabytes of data being produced – a figure expected to grow by 50 times by year-end 2021. The sheer volume of data being produced and accumulated requires extensive monitoring and validation, necessitating intelligent data management systems that can make order out of chaos. Provided that your organization has access to a data management system capable of processing significant volumes of data, you can have access to more intelligence, giving your organization a competitive edge.
Working with data vendors comes with several challenges, including inconsistencies. Data vendors are also working to evolve and improve different aspects of their businesses, requiring the need to change their data formats or periodic downtimes to enact those changes. Short notice announcements regarding format changes or no announcements can present challenges for your business.
Additionally, data vendors may revise the data they accumulate if they determine that initial values are not accurate. Rechecking the data sources from your vendor to keep track of revisions repeatedly can result in the data vendor flagging your organization and eliminating a valuable data stream. Working with an experienced managed data services provider can help you circumvent this obstacle.
Analyzing and using data obtained from vendors that may be inconsistent or inaccurate altogether can prove to be devastating for your organization. Spending enormous resources on over-analyzing inaccurate data could hamper your company’s decision-making systems, especially if the experts you are working with cannot identify any abnormalities.
Intelligent data management systems that can navigate complex data and create meaningful analyses can mitigate the time- and labor-intensive process of removing inaccuracies and help you maximize the benefits of accurate and clean data streams.
The final goal for organizations using data management systems is to accumulate multi-faceted datasets and integrate them into business intelligence tools, trade and risk applications, custom applications, and other operational aspects. The data collected by your organization must meet your internal systems requirements for successful and effective integration into your business processes.
The right data management solution should ideally provide you with a wide range of integration points so you can use the necessary technology to make sense of all the data for meaningful and timely decisions.
Effective and intelligent data management systems can address these challenges. Remember that a data management system does more than merely capture data. It is responsible for organizing and analyzing multi-faceted datasets to allow your organization to use the data for timely and effective decision-making.
The fundamentals of holistic data management solutions include entire workflows for:
Understanding the challenges of data management for organizations and the fundamentals that can create an effective and complete data management solution might already present you with a clearer picture of the advantages of outsourcing data management services.
Gartner predicts that 90% of corporate strategies will explicitly mention information as a critical asset for organizations, and analytics will become an essential competency for them.
The right managed data services that can accumulate, organize, analyze, process, effectively distribute, and integrate enormous volumes of multi-faceted datasets presents you with several advantages, including:
Eliminating the resource- and labor-intensive aspects of data management through an effective managed data service solution can free up enough resources to rapidly expand output and scale up your organization.
Transparent fee structures with data management solution providers help you better track your organizational expenses for data management and control those costs. No longer having to worry about unforeseen expenditure in that regard can free up your team to focus on garnering in-house talent and resources to grow your organization.
Several industries, including energy, commodities, agriculture, shipping, mining, insurance, finance, renewable energy, oil and gas, and utilities, require high standards to comply with the storage and sharing of sensitive data. Not fulfilling these compliance standards can result in exorbitant fines.
Failing to meet the compliance standards also exposes your organization to the threat of data attacks. According to a 2021 report from IBM and the Ponemon Institute, the average cost of a data breach can be as high as $4.24 million. Outsourcing data management to experts who can understand how to identify and implement the necessary data security can help you avoid these challenges.
Compliance extends beyond meeting data security standards. Your organization must also meet the most updated tax regulations. Avoiding tax penalties and finding new tax incentives is another advantage of outsourcing data management services.
Making structural changes in your organization can be challenging in the advanced stages of your organization’s development. Another advantage of outsourcing data management services is the ability to identify a clear road map for timely decision-making to enact structural changes.
A remote workforce infrastructure has become the new normal since the onset of COVID-19 for organizations across most industries. The flexibility of a remote workforce comes with the challenge of enforcing better security measures to protect data at work and other locations.
Managing data security in the office presents you with direct control over the use of devices and wireless networks, but what about securing data at other locations while ensuring security? The right managed data service provider empowers your remote workforce by providing adequate data security through encryption, threat management, and virtualization wherever necessary.
Automating administrative functions has rapidly become the norm across all industries. It is critical to know your options and devise an effective strategy to schedule and share information through everything from voice assistants to integrated data centers. The right managed data service provider can facilitate setting up a system to automate and streamline administrative processes.
Outsourcing data management services to the right managed service provider also entitles your organization to benefit from their expertise in a rapidly changing environment. New technology advancements and features to innovate business processes keep springing up. Keeping track of innovative new technologies and features becomes possible when working with managed data service providers who stay atop the latest trends.
ZEMA is a platform that has proven itself as an effective managed data services provider in several data-intensive industries, including energy, commodities, agriculture, shipping, mining, insurance, finance, renewable energy, oil and gas, and utilities.
ZEMA can empower your business through its end-to-end data management solution and cloud analytics solutions to minimize organizational risks and maximize self-service data insights through access to a comprehensive and intelligent data management system. Consider booking a demo with ZEMA to learn more about the platform that has decreased the risk of data-driven decision-making through automated data collection, secure centralization, cloud analytics, dynamic analytics, automation of workflows and processes, and integration with third-party applications.
The post Advantages of Outsourcing Data Management Services appeared first on Blogs by data management Experts & Analysts | ZE.
Whether you are in Energy, Commodities, Agriculture, Mining, Shipping or a Market participant within a data-driven organization, you often find yourself overwhelmed by large volume of data that needs to be managed and analyzed. Further, the data is continuing to grow at an exponential rate; for example, the natural gas market alone can produce more than half a million data points on a daily basis.
Taking the time to manage vast amounts of data isn’t easy. It’s onerous, costly, and although it is not a core business focus, it is very time-consuming. Many organizations don’t have the resources required to undertake the task of managing high volumes of data. On the other hand, some organizations are expending valuable resources downloading market data from public and vendor source sites manually through custom ad hoc or segregated processes, normalizing this data, and distributing it to the right users to make informed decisions. All of these processes must occur before decision makers can even begin making sense of the data.
In order for data to be useful, market participants must be able to trust the quality of data they receive and quality is difficult to ascertain when data is collected and stored manually. System inefficiencies, interrupted flows of data, and human error can completely undermine the analysis process.
The Data Management Challenge
In order to get a handle on your business’ data needs it is important to establish what data you require from the outset. For example, if you need to create forward curves, you may need to access historical spot prices or exchange prices to complete the task. Ensuring that you’re working the correct data from the beginning will save you more time when it comes to making sense of the curve.
Another data challenge facing many businesses involved with data analysis is that they typically gather vast volumes of data from disparate sources in a myriad of formats; data may be published as a URL, PDF, CSV, or Excel file, for example. Some sources are made available to the public, while others must be purchased from private vendors. Different sources require different extraction and formation methods. The ability to collect data from any source in any format and granularity, validate this data, and integrate it with end users’ systems is the Holy Grail for business analysts, traders and risk managers alike.
Not the least of these data management concerns is that in many cases, the brightest minds in an organization may be spending hours collecting and normalizing data rather than analyzing it. Resources are typically very costly. Without centralized data, all data generated from varied systems becomes overwhelming and practically unusable in its raw form. Storing data long-term can be challenging; most normalized data ends up in data log files discarded on a regular basis.
Developing a database that ensures data is centralized and easy to access throughout the organization is essential for businesses with cost reduction and efficiency in mind. However, most organizations lack the necessary IT bandwidth or resources to perform such a task.
How can your company reduce the resources spent locating, collecting and normalizing data, and instead focus more energy on using that data to guide business critical decisions?
The Powerful, Integrated Solution
With the right data management solution, you can overcome the challenges associated with managing large amounts of data. At ZE PowerGroup, we have developed an award winning data management and analytics solution, ZEMA
. ZEMA is an enterprise data management and integration platform that offers advanced capabilities to meet specific data management requirements for analysts, traders and risk managers. ZEMA’s powerful automated data capturing application, Data Manager automatically captures, schedules, standardizes and stores tremendous volumes of data from multiple data providers across all industries worldwide, and pushes this data into one centralized database. ZEMA collects data from any source, in any format, and under any schedule.
ZEMA ensures the integrity of data is known by assuring data being collected is timely and accurate through automated data checking and validation procedures, enabling end-users to make rapid, consistent, and effective decisions.
To see how the ZEMA can empower your organization, book a personalized discovery call, watch our video or download our brochure.
The post More Data, More Problems: One Solution appeared first on Blogs by data management Experts & Analysts | ZE.
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ZE DataWatch is a report comprised of data updates and expectations for energy and commodity markets.
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