Better risk reporting doesn’t need an IT upgrade
By revisiting certain calculations, new insights into risk and profit drivers can be gained, says data scientist
Energy risk managers face a variety of unique challenges, not least of which is operating across large and complex IT systems. These systems often consist of several off-the-shelf packages that don’t communicate well, patched together with spreadsheets. Such architecture represents large investments in time and money and reflects the inherent complexity of the physical energy business. As businesses evolve, the architecture is modified and expanded in an attempt to incorporate the changes. In
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Interview: Vince Kaminski
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Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers
