Tag archives for Data Validation
The Challenge of Creating Meaningful Analysis
A common anecdote these days is that “Data is the new Oil”. However, an old adage that still rings true is “garbage in, garbage out”. Poor data quality can adversely impact business decision-making processes and consequently result in poor organizational performance in crucial areas like operational processes, customer experience, and market analysis. In order to ...
Top 3 Data Hygiene Practices in Trading
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 ...
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 by ...
Using ZEMA to Validate Data Quality
Data is often the lifeline of a corporation. It comprises the most integral component of any entity due to its ability to directly influence crucial business decisions. Therefore, it is extremely important to consider the quality of the data being utilized to establish critical processes. Having the ability to distinguish between the successes and ...
Data Integrity: The Missing Piece to Data Collection
With such an abundance of raw data in the financial, energy, and commodities industries, there’s still one piece of the data collection puzzle that often gets overlooked – data integrity. Data integrity is something everybody needs, but can be difficult to define, let alone achieve.
Problems Companies Face
By the very nature of the industry, data is ...
Traders: Learn How To Simplify The Curve Entry Process
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Imagine you’re a trader working on a number of different analyses of the energy market every day. Part of your analyses involves the creation of forward curves, before pushing them onto a database and using them in a downstream system. A lot of the job involves copying and pasting content from one spreadsheet to another ...
A New Cloud Exchange to Launch onto The Commodity Market
If you think about how much data plays a role in your daily life, whether you’re on your phone or working on a report, imagine how dependent you really are when it comes to virtual data. As we become more and more digitalized as a society, it doesn’t come as much of a surprise that ...
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 each ...
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 ...
