May 17, 2020

Smart commodity management with Eka Software Solutions

mining
software solutions
EKA Software Solutions
commodit
Dale Benton
2 min
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 t...

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!

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Get in touch with our editor Dale Benton at [email protected]

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May 4, 2021

Axora launches global challenge for digital technology

Axora
Digitalisation
Sustainability
Safety
2 min
Axora, the industrial B2B digital solutions marketplace, has launched 'The Axora Cost-Saving Technology Challenge' to discover game changing innovations

Axora is launching the world’s first international competition to discover new cost-saving digital technology for industrial companies, which can produce rapid benefits within a year.

Axora

The Metals & Mining and Oil & Gas sectors have recently experienced budget cuts of 20% on average, driven by a variety of factors including the global pandemic, slump in demand and price wars. The Axora Cost-Saving Technology Challenge aims to transform these industries by discovering innovative, digital solutions that reduce cost fast and pay for themselves, whilst achieving the same or improved productivity, health and safety and sustainability standards.

Digital Transformation

“While digital solutions can help to get work done quicker and more cost-effectively, they typically require a three-year ROI, and if there’s no flexibility in the budget, a full budget planning cycle is needed to get things moving”, said Dr. Nick Mayhew, Chief Commercial Officer, Axora.

“Yet, extra financial cost is often incurred in delaying digital projects, so customers have asked us to highlight solutions that can have an ‘in year payback’ whereby the cost spent on the solution and deployment will be more than recovered within the budget year - this accelerates the timeline and drives positive business impact, quickly.”

The Axora Cost-Saving Technology Challenge

Axora is keen to learn of any digital cost-saving innovation which: meets the 12-month payback timeframe; can be deployed in any part of the value chain including upstream, downstream or midstream oil and gas, metals processing or mining; and is ready for market. The Axora Cost-Saving Technology Challenge is open to entrepreneurs, start-ups, academics and sector leaders across the world. The competition will be judged by a panel of leading industry experts.

“We’re passionate about supporting our industries and customers through all forms of digital transformation and the cost-saving solutions we are searching for could also provide a lifeline to many mining and metals and oil and gas companies in the current economic climate,” added Dr. Mayhew.

Improving productivity, safety and sustainability

Up to ten finalists will be chosen to pitch their solutions at a digital pitch day later this year, after which Axora will validate the ROI models and vet the solutions. The winner will receive the ‘Axora Market Accelerator’ sales and marketing package worth £10,000. This includes a two-hour workshop, promotion through Axora’s thought leadership content and inclusion into its digital demand engines, providing the opportunity for the winning solution to benefit thousands of industrial companies. Entries are open until May 31. Full details of the competition including terms and conditions can be found here.

To learn more about the Axora B2B digital solutions marketplace read our feature in the latest issue of Mining Global magazine.

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