Eka’s new Commodity Analytics Cloud – a unique offering in the CTRM space

We had the opportunity to get a briefing on Eka‘s “Commodity Analytics Cloud” application in advance of its official announcement earlier this week.  Manav Garg, Eka‘s president and Preeti Ramash, Eka’s product manager, gave us a overview and demo of the new solution; and I will say, it is a unique offering to the market and one that has the potential be a significant winner for the company and their clients. As noted by Mr. Garg, the goal of the application is to accelerate information flow and analysis for commodity trading and commodity management companies.  The solution crosses several categories of technology and software, including integration solutions, BI tools, analytics, Big Data solutions, data cubes and cloud offerings; and as such, its a product that is difficult to slot in any single category. Utilizing some of the tools of a Big Data solution, including the use of NoSQL, the product aggregates data from any number of sources, including spreadsheets, E/CTRM applications (Eka’s and/or others), bespoke solutions, data feeds, and ERP/accounting systems. Leveraging what Eka calls a “Commodity Intelligence Engine”, the system contextualizes the incoming data and, via in-memory processing, uses preconfigured and/or user definable apps to provide rapid analysis and … continue reading

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