“Agile” and “digital transformation” are different concepts but work hand-in-hand to help businesses improve their operations. These terms are more than simple marketing buzzwords; they provide a new way of looking at your existing processes and technologies as well as of assessing what changes could be made to improve them. A true agile digital transformation is as much about transforming the organisation as it is about technology.
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Utility companies and power generators have access to a wide range of software solutions that can help them improve operational efficiency and process data faster, from generation optimisation to logistics scheduling. With many software products offered by a wide range of vendors, and new options emerging regularly, it can be difficult to know which technologies are necessary, which are no longer as effective as they used to be and which would not add value if implemented.
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Collaboration is an essential ingredient for success in the digital age, as we explored in a recent whitepaper. But for the business to work better through collaboration between teams, their technology also needs to be collaborative. With many different business functions all using technologies that meet their specific needs, and every organisation using unique processes, one single commodity management platform cannot power every aspect of this collaboration.
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Biomass power generation provides many benefits to producers and consumers. But as with any fuel type, it has its own unique challenges, whether in a unit converted from the use of coal or in a purpose-built biomass facility.
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Earlier this month, Gen10 representatives joined a record number of energy trading and operations experts at ETOT 2019, Europe’s leading operations and technology summit. The key takeaway from both Gen10 CEO Richard Williamson’s panel and the summit in general, was that collaboration and standardisation are crucial for industry progress.
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Gen10 are happy to announce that we will once again be sponsoring ETOT. This year marks the 11th annual Energy Trading Operations and Technology Conference in London on 10-11 October.
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With the complexity of the oil industry and the myriad software systems which underpin it, software upgrades, integrations and replacements have traditionally been characterised as a painful, slow and expensive process and it is no wonder that it has been avoided or postponed if at all possible.
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Reducing operational risk, improving reporting & compliance and bringing operating costs down are some of the most important challenges faced by organisations across the biomass-to-bioenergy supply chain.
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Every commodity business is different depending on your supply chain position, commodity and internal processes. Gen10 understand how important it is to support these differences in our technology, and we have developed our entire approach to ensure any Gen10 apps you implement have the flexibility to work with the realities of your day-to-day activities.
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Organisations using legacy CTRM and ETRM technology are often missing out on a wide range of business opportunities due to a lack of agility and poorer data visibility than their competitors. As margins continue to decrease, creating faster trade cycles and generating more value from every trade are more important than ever, and it is the organisations undergoing digital transformation that stand to create this value.
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