In the spirit of summer reading- here’s a pretty interesting blog post covering 5 emerging challenges in commodity trading. What similarities/differences/additional challenges apply to power trading? Anything missing here?
https://www.cognite.com/en/blog/commodity-trading-data-challenges
1. Rapid increases in the number and availability of new data sources are accelerating the complexities of managing data and analytics in global markets
2. Reliance on legacy systems means participants in high-paced commodity markets struggle to make data relevant and actionable
3. Participants in commodity markets need to accelerate their data management and digital development just to keep up with technological improvements
4. Existing data solutions in commodity markets are often designed as one-stop single solutions or platforms, with little room to create a proprietary competitive edge
5. Continued growth in market complexities will require that IT platforms and data architectures are designed to remain flexible and agile