Technology Innovator Awards 2017

38 Corporate Vision / Technology Innovator Awards 2017 , DataGenic Ltd offers a range of technology and services that challenges the accepted norm of predominately customised datamanagement projects. We spoke to Richard Quigley, Chief Executive Officer, to explore how the innovative range of solutions his firmoffers. Best Commodity Data Management Solutions Provider 2017 Founded in 2002, DataGenic is proud to be recognised by their clients and industry participants as the global leader in commodity data management and decision analytics, having flourished over the years into a multi award- winning platform, with a focus on product innovation and support excellence. The firm’s flexible solutions are deployed at Tier 1 enterprise clients, such as E.ON, Cargill, EDF Energy as well as the SME community. The innovative offering includes a data-agnostic multi-commodity data management platform, business process management, rules-based data quality management and unfettered real- time forward curves construction, all within an intelligent decision framework. Richard discusses the key pillars of DataGenic’s strategy and how they have helped in the success of the company: “Our focus is on servicing energy and commodity market participants. We have remained true to this focus from the outset. The key pillars to our strategy have been anticipating, and adapting to the constantly changing market conditions and requirements, both from a technical and functional perspective, as well as adapting to service level requirements. Our flexible commercial and technical entry points ensure that we can reach all market participants, irrespective of company size or location. Furthermore, we have an unwavering commitment to further develop our cloud based/ zero IT footprint offering, building on our technical partnerships that deliver demonstrable value to our clients and to become the #1 trusted partner for all trading and risk based commodity data within an organisation.” DataGenic maintains a cross section of clients, including utilities, integrated oil companies, commodity trading houses and commercial and industrial players. Each client has its own idiosyncrasies regarding how they operate their business and derive market value. For certain companies, a pre-configured ‘off the shelf’ solution is more than sufficient, whereas for others a bespoke approach may be required to recreate and enhance their internal processes. Since inception the firm has witnessed many changes in this challenging industry, not least the adoption of the cloud, which has gained more momentum through cost savings, ease of operation, improved scalability and more robust security. Another huge area that is having a dramatic impact on the industry is Big Data. This has led to ground breaking changes, such as preventative maintenance, more informed trading decisions, improved logistics and a sharper lens on risk indicators. However, this part of the industry remains in its nascent stage, to a certain extent, with an abundance of possibilities ahead. Such industry changes can present challenges as well as opportunities within DataGenic’s business. However, there have been some subtle lessons learned along the company’s 15-year journey, as Richard explains: “Ensure you set expectations and understand the need, occasionally, to say no to clients. Otherwise, the risk of under delivering is increased. Also, foster a culture of honesty with clients, staff and partners, no matter how uncomfortable the immediate conversation. Explaining the options available with the associated risks, enables the counterparty to make an informed decision and avoid issues and disappointment further down the line.” With one of the highest client retention ratios in the industry, DataGenic have built a solid reputation in the marketplace for rapid delivery of solutions, whilst providing a technical platform with wide reaching and significant long-term benefits. As Richard explains “Clients quickly realise the inherent advantages of working with DataGenic when looking at several factors. Firstly, DataGenic provides a data agnostic platform, with enterprise scalability, rich functionality coupled with the largest aggregated hub of end of day commodity market data. In addition to this, the DataGenic applications simultaneously communicate with multiple downstream systems, build in memory real-time curves and, as a company, we provide the most comprehensive and reactive Service Level Agreement in the industry.” Ultimately, Richard has ambitious plans for the future of DataGenic. He aims to consolidate their position as the leader in Commodity Data Management. “Our aspirations are to provide an intelligent decision-making platform, which offers our clients a holistic 360-degree predictive analysis and view of their data in real-time, including structured and unstructured data. We are also striving to replicate the success we have achieved in European within the Americas.” Company: DataGenic Ltd Name: Richard Quigley Address: Cheapside House, London, EC2V 6BJ Telephone: +44 203 814 8500 Web Address: datagenicgroup.com