How Does ZEMA Provide Clean Data?

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 […]

Flying Under the Radar? The Rise Of Data For Global Electricity Markets

The recent upsurge in new market data for electricity markets outside of the US looks like it could be one to watch. Ever since deregulation of electricity markets first happened in the mid-nineties, it’s been fascinating to see how the marketplace has evolved in the US; not least with the introduction of hundreds of thousands of granular data feeds into the system […]

Clarifying the Data Cleansing Process

I sit in a lot of sales calls and I was recently in a meeting with a prospective client in which we were asked if we “cleanse” market data as part of our service offering. This is a question that I hear a lot and unfortunately is an indication that there is a good deal of confusion within the market about what data cleansing really means. In this case, what the client was really asking was whether we correct market data that is issued from data vendors such as Platts, GFI, Argus, ICE, etc. The short answer to this question is “no” we don’t “cleanse” market data in this context and truth be told, nobody should be or is allowed to independently change 3rd party market data on behalf of the client. There is however, a process for handling data issues and errors.

Industry Leading Data Management and Analysis Software Systems: Some Terms

ZE PowerGroup® provides robust data management and analysis software tools that help corporations with their trade and risk related activities. These tools have been developed across a wide range of customer types as related to energy and commodities. The ZEMA software tools enable superior decision support for corporations by providing powerful management and analysis capabilities […]