In a digital world, data is King, and while energy and commodities have been going through a period of digitalizing for the last several years, there can be no doubt that coming up with data management strategies has also played an important, if not critical, role in those strategies as well. Indeed, this was strongly emphasized in Commodity Technology Advisory’s disruptive technologies research over the last few years, where more than half of all of those questioned in the industry were planning on further investment in data management and data mining. This was also where other new technologies like AI, for example, were thought likely to be applied for data mining purposes along with the use of enhanced visualization techniques.
Since that report was issued, much has already shifted due to industry events and drivers. Increased price volatility, particularly in energy, because of the Russia-Ukraine war and the current stage in the ongoing energy transition, along with digitalization and an increase in spee
