Energy and non-energy commodity markets are evolving into data-driven markets. When a trader needs to make an important business decision in a timely manner, he or she will need to collect then manipulate available market or internal data, using it as the fuel for the decision-making engine. There is no doubt that data quality is […]
Businesses are overwhelmed by an ever-increasing volume of incoming data. As Foreign Affairs reports, “Today, there is enough information in the world to give every person alive 320 times as much of it as historians think was stored in the Library of Alexandria’s entire collection—an estimated 1,200 exabytes’ worth.”[1] With data collection and analysis becoming […]
Clean data plays a vital role in businesses’ decision making processes, as it helps organizations save time and improve efficiency. Data cleansing or data scrubbing is the process of detecting and correcting or removing corrupt or inaccurate records from a record set, table, or database. The inconsistencies detected or removed may have been originally caused […]