FIS Modern Banking Platform
Advance your bank with a modern core platform.
July 06, 2018
The accelerating expansion of horizontal drilling and hydraulic fracturing techniques, together with that of renewable energy sources such as wind turbines and solar panels, have launched the North American gas and power market into the foreground of global energy production. Not only has this led to an increased reliance on natural gas over coal, but it has prompted massive investment in gas procurement and transportation solutions. From physical operations to abstract economics, energy trading is undergoing a major overhaul.
This has put energy and commodity companies in a precarious position. On one hand, they are facing a new world of opportunity, here for the taking. On the other, those whose systems are incapable of processing the voluminous influx of information from sources both old and new are at risk. Among other things, price correlations have become exponentially more complex, making it increasingly difficult for traders to maintain profitability. Fortunately, however, there are a number of modern technologies that could help companies keep pace with the changes, and even fundamentally disrupt the industry itself.
The next piece of good news is that FIS is about to release a major report detailing these technologies. The report will include authoritative insights on:
1) Cloud computing
2) Artificial Intelligence (e.g., machine learning and robotic process automation)
3) Distributed ledger technology (e.g., blockchain)
Though initially promising, these technologies represent uncharted territory, and offer the potential for both success and failure. But the core concepts behind them are sure to be the stepping stones for future development of the gas and power market in North America. Any serious energy or commodity company would thus be well served to stay informed about the potentially disruptive impact these technologies could have on individual businesses, and the market in general. Stand by for the full white paper, coming up soon. For more information, visit https://www.fisglobal.com. And get ready to rise with FIS!
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