As one of the world's largest oil and gas companies, they must provide their traders with the best insights into market dynamics to stay ahead of market trends and developments.
A major oil and gas company boasting a rich heritage of over a century in operation, this prominent entity caters to the global populace, offering energy solutions across various regions. Their comprehensive operations encompass every facet of the oil and gas sector, ranging from exploring fresh reserves and developing cutting-edge technologies to refining and marketing final products. With a wide-reaching presence in more than 70 countries, they have a workforce exceeding 90,000 dedicated professionals, all committed to delivering superior products and services to their esteemed clientele. However, their dedication to the energy landscape extends beyond traditional practices. They actively lead the way in the renewable energy industry, continuously exploring innovative ways to harness wind and solar energy's power, making it more accessible worldwide. Their commitment to sustainability and relentless efforts to reduce its carbon footprint is commendable. They persistently seek groundbreaking solutions to address the challenges posed by climate change, further solidifying their position as industry pioneers.
Give traders a better insight into the market to stay ahead of competitors
Reduce the guessing game for traders
A platform which shows current, historical and future data
As one of the world's largest oil and gas companies, they must provide their traders with the best insights into market dynamics to stay ahead of market trends and developments. The challenge, therefore, is to develop a new platform that uses data analytics to provide crude oil and renewable energy traders with better insight into current, historical and future market trends. Creating a new platform that offers traders insight into crude oil and renewables is therefore critical to its long-term success.
Tuple worked closely with an internal team to provide the traders with a new platform they could leverage to see trends in prices and margins. An initial scope was defined for a Minimum Viable Product (MVP) to determine product feasibility. This approach allows us to collect feedback early, identify potential problems, and make informed decisions about product development, ultimately increasing our chances of success.
Within a month of development, the platform was launched and underwent a pilot run. After extensive testing and multiple runs, we proudly announce that the pilot run was a resounding success. This success has led us to develop the platform into a fully operational system that is accessible to all traders and has the necessary features and capabilities.
The traders can now make better and data-driven decisions, allowing the company to improve trading strategies and reduce risks associated with market volatility. With the new platform, they can find opportunities and reduce market risk. They can identify opportunities and diminish market risk, resulting in a more sustainable approach to business. At Tuple, we take pride in our contribution to their sustainability goals.
Our team of expert consultants is dedicated to delivering high-quality services that meet your unique needs. From custom software development to IT consulting, we have the expertise to help your business thrive. Contact us today to learn more about how we can help you succeed.
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