Smart commodity management with Eka Software Solutions
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, has been crowned the IT and Software Solution of the Year - Business Intelligence Category by Corporate Vision magazine.
The award comes in recognition of the company’s ground-breaking Commodity Analytics Cloud solution, which aggregates information from across the value chain and uses predictive analytics to enable faster, fact-based decision making for commodity market participants.
Corporate Vision is dedicated to working around the clock to uncover the best performing and most deserving companies and individuals from around the business world.
The award seeks to recognise outstanding achievement, game-changing innovation, and stellar performance, and all of the awards are carefully evaluated to provide detailed and in-depth analysis of the very best each market, industry, sector and region has to offer.
Award winners are chosen based on votes gathered from Corporate Vision’s network of respected industry partners and rigorous in-house research. Each award recipient is carefully judged based on their performance over the past 12 months and their commitment to innovation.
“Eka is proud that Commodity Analytics Cloud was voted IT and Software Solution of the Year - Business Intelligence,” said Michael Schwartz, chief marketing officer at Eka.
“Commodity Analytics Cloud offers a level of data integration and analysis far beyond other solutions in the market. Using the power of machine learning and advanced algorithms, Commodity Analytics Cloud analyses data from disparate systems throughout the value chain to provide deeper visibility and insight, enabling our clients to make faster, better, fact-based decisions. Our innovative, app-based platform is easy to use, provides user-defined analytics, and is accessible on any mobile device.”
Commodity Analytics Cloud is an advanced analytics solution that brings commodity-specific analytics to all business users. It quickly processes large volumes of data from different sources – internal systems such as ETRM, CTRM, ERP, CRM, and spreadsheets, plus external sources such as market curves and weather data – providing an end-to-end analysis of the entire enterprise. Commodity Analytics Cloud’s apps span multiple categories including position consolidation, risk, supply chain, P&L evaluation and attribution, procurement, margin analysis, and plan performance.
Commodity Analytics Cloud sales increased over 400 percent in 2016, as commodity market participants turned to advanced analytics to make sense of the volume, variety, and velocity of data generated each day. With the advent of smart machinery, the Internet of Things, and social sharing, companies are overwhelmed by data. Commodity Analytics Cloud’s powerful algorithms analyse all available data to deliver unprecedented business intelligence to commodity market participants.
The January 2017 issue of Mining Global is live!
Get in touch with our editor Dale Benton at [email protected]
Rio Tinto and Alcoa begin construction with ELYSIS tech
Eliminating all direct greenhouse gases from aluminium smelting has taken a major step forward with the start of construction on the first commercial-scale prototype cells of ELYSIS’ inert anode technology, at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec.
ELYSIS has the potential to reduce the carbon footprint of aluminium production
ELYSIS is a joint venture company led by Rio Tinto and Alcoa that is developing a new breakthrough technology, known as inert anode, that eliminates all direct greenhouse gases (GHGs) from the traditional smelting process and instead produces oxygen.
The technology has the potential to transform the aluminium industry, with a significant reduction in its carbon footprint.
The inert anode prototype cells will operate on a commercial scale typical for large modern aluminium smelters, using an electrical current of 450 kiloamperes (kA).
The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry joined representatives from ELYSIS, Rio Tinto and Alcoa to mark the start of construction and announce a further CAD $20mn financial contribution from the Government of Canada to support the project.
The federal government's financial support will enable the creation of a unique commercial size inert anode technology showroom for future customers and will help develop the supply chain by involving local and regional equipment manufacturers and suppliers in the project.
ELYSIS is working to complete the technology demonstration by 2024 followed by the commercialization activities.
ELYSIS technology at a glance:
- The ELYSIS technology addresses the global trend towards producing low carbon footprint products, from mobile phones to cars, planes and building materials.
- The new process will reduce operating costs ofaluminiumsmelters while increasing production capacity. It could be used in both new and existing aluminium smelters.
- In Canada alone, the ELYSIS technology has the potential to reduce GHG emissions by 7 million tons, the equivalent of removing 1.8 million cars from the roads.
- ELYSIS will also sell next-generation anode and cathode materials, which will last more than 30 times longer than traditional components.
Alcoa and Rio Tinto will continue to support the ELYSIS development program alongside the Governments of Canada and Quebec.
ELYSIS is working closely with Alcoa's Technical Center, where the zero-carbon smelting technology was invented, and the Rio Tinto technology design team in France.
Alcoa's Technical Center supports ELYSIS in the manufacture of proprietary materials for the new anodes and cathodes that are essential to the ELYSIS process. The Rio Tinto technology team in France is creating commercial scale designs for the ELYSIS technology.
Vincent Christ, CEO, ELYSIS commented: “This is a great day for ELYSIS. It means that we are becoming the first technology company in the world to build commercial-size inert anode cells. While we refine the technology in our R&D Centre, we start the construction of our prototype cells. This shows our confidence in our process and in the know-how of our team. The combination of ELYSIS' zero CO2 technology and Quebec's renewable energy will be great competitive advantage for the future. I would like to thank the government for its support and all the partners for their commitment.”
Samir Cairae, Rio Tinto Aluminium managing director Atlantic Operations and ELYSIS board member added: “Today marks a real step towards the future of the aluminium industry, by progressing this breakthrough technology to cut carbon emissions. Rio Tinto is committed to supporting its ongoing development here in Quebec where we already use clean hydropower to deliver some of the world’s lowest carbon aluminium. Combining this technology with renewable hydropower holds the promise of zero carbon aluminium smelting.”