Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced that Eka was awarded IT and Software Solution of the Year - Business Intelligence Category by Corporate Vision magazine. The company was recognized for its groundbreaking 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 shine a spotlight on the brightest, best performing and most deserving companies and individuals from around the business world. Corporate Vision recognizes outstanding achievement, game-changing innovation, and stellar performance, and all of their 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 analyzes 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 analyze all available data to deliver unprecedented business intelligence to commodity market participants.