Resilience Through Digital Transformation by William Decker

POSTED BY Tammy To ON May 4, 2020 IN Analytics, Blog

To say that COVID-19 has changed the world is an understatement. Sometimes the systems that we rely upon and use everyday will experience such a shock that the underlying structures and interactions are changed forever. Right now we are making our way through a COVID-19 world, but we will move past COVID-19 and we cannot …

How to Simplify Demand Forecasting Using Time Series Analysis

POSTED BY Bernard Wehbe ON January 10, 2020 IN Analytics, Blog, Digital Transformation

If you’re a retailer in the commodities industry, demand forecasting is critical for understanding how much product to purchase wholesale to keep inventory at optimal levels and avoid losing money. But successfully managing data from multiple sources and leveraging it so that you have the most accurate demand forecast can be challenging. You’re probably wondering: How …

Machine Learning Saves Millions By Predicting Crude-Hauler Rejects: Part 2

POSTED BY Thomas Hunt ON August 13, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM

In the first post of this series about crude oil load rejections, we discussed the extent of the problem, its estimated cost to producers and first purchasers, and how rejections can be predicted. These were the highlights: In our sample, first purchasers rejected 2.6% of crude oil loads because of high BS&W. The cost of …

How Data Analytics Transformed the NBA and Can Do the Same for the Energy Industry

POSTED BY Thomas Hunt ON July 16, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, Featured Resource, Uncategorized

After the NBA finals, during which the Toronto Raptors won their first-ever championship, NPR released a podcast about the impact that data analytics had on the game. The following is capSpire’s spin on this topic and its implications for the energy industry. A New Rule The three-point shot was introduced to the NBA in 1979 …

capSpire Discovers How Machine Learning Can Save Millions By Predicting Crude-Hauler Rejects

POSTED BY Thomas Hunt ON April 29, 2019 IN Analytics, Blog, Optimization

First purchasers of crude oil often use tanker trucks to transport crude oil from tanks on well sites (leases) and deliver crude to pipeline injection points (stations). First purchasers may own their own trucks, use third-party haulers, or both. As the first interface between the producer and end users, first purchasers need to test crude …

Risk Analytics Solution for a Refined-Products Marketer

POSTED BY Megan Coger ON February 27, 2019 IN Allegro, Analytics, Blog, E/CTRM

capSpire Resolved Client’s Enterprise-wide Reporting Problems with Risk Analytics A refined-products company’s supply and distribution arm is responsible for purchasing wholesale fuel and transporting the product to the company’s gas stations and other third parties throughout the U.S. by rail, pipeline, truck, barge, and vessel. Despite the rapid growth of the company, personnel within the …

Cloud-Based Enterprise Information Repository and Analytics Solution Redefined How a RightAngle User Derives Insights

POSTED BY Divvayya Kakarla ON January 17, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, RightAngle

A large refined-products retailer in the midstream space experienced a problem that could sound familiar to many other industry players: its existing risk-reporting procedures were largely manual and spreadsheet-driven. Generally, spreadsheets make handling and configuring large volumes of data difficult. But spreadsheets also lack the tools necessary to efficiently analyze daily position and P&L data, …

5 Questions CTRM Analytics Answer: Part 4

POSTED BY Scott Creed ON November 23, 2018 IN Analytics, Blog, Digital Transformation, E/CTRM

Previously, we’ve discussed question 1, question 2, and question 3 that commodity trading and risk management (CTRM) analytics answer. Question 4: Who are my best customers? To better focus marketing initiatives and incentive offerings, reduce risks, and increase revenue, you need to identify who your most reliable and profitable customers are. These customers are the …

How Data Can Be Leveraged to Your Company’s Advantage—and Maybe Even Help You Get Out of a Speeding Ticket

POSTED BY capSpire ON May 31, 2018 IN Analytics, Blog, Digital Transformation, News

You’re driving along the freeway one evening after work, going to meet friends for dinner at a local barbeque restaurant. Stuck in the middle lane behind a lawn-care truck and with an 18-wheeler to your right, you’re coasting along at a steady pace of about 65 miles per hour (mph) to keep up with traffic …

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