Weighing the Options: Build an Internal EDM System or Get ZEMA
The Role of Enterprise Data Management in Energy and Commodities Industries
Many large integrated oil and natural gas firms, commodity firms, and power utilities rely on an Enterprise Data Management (EDM) system to acquire the data required for their trade and risk
management (ETRM/ CTRM), enterprise resource planning (ERP), business intelligence (BI), visualization, and accounting and settlement systems. These systems require significant volumes of data. For example, a modern ETRM may require hundreds of discrete data reports containing time series, including energy brokerage data, information from price reporting agencies, and internal operational data about proprietary crack spreads, forward price curves, and more. Power firms must have access to nodal ISO feeds, plant operational data, and metering data.