Business Intelligence and Analytics 40

Friday, November 29, 2019

Business Intelligence and Analytics 40

1          The Top Seven Technology Trends for 2020
https://datafloq.com/read/top-seven-technology-trends-for-2020/7231
We have reached the end of 2019 and just like in previous years, I am looking ahead to see what organisations can expect next year. 2019 was the year of truth, with many enterprises developing blockchain proof of concepts, Google confirming a quantum supremacy breakthrough and more data breaches with the latest breach containing 1.2 billion records. Now for the 8^th year in a row, I offer you my technology predictions for the next year, which I hope will help you prepare for 2020.

2          How artificial intelligence and data add value to businesses
https://www.mckinsey.com/featured-insights/artificial-intelligence/how-artificial-intelligence-and-data-add-value-to-businesses

Artificial intelligence (AI) is at the cutting edge of innovation. But how do companies find the expertise necessary to utilize it, and then take it to market? In this video, recorded at the Aspen Ideas Festival in June, Andrew Ng, cofounder of Coursera, AI Fund, and Landing.AI, discusses the difference between an AI-enabled business versus a true AI company, and how businesses can organize, hire, and make use of AI to add value.

3          AI at the core of next-generation BI
https://searchbusinessanalytics.techtarget.com/feature/AI-at-the-core-of-next-generation-BI
AI is part of BI platforms, but this is only the start of a new analytics generation. In a Q&A, Constellation Research analyst Doug Henschen discusses AI tools in BI platforms.

4          Oil and Gas Cybersecurity Price Tag Could Top $20B
https://www.rigzone.com/news/oil_and_gas_cybersecurity_price_tag_could_top_20b-27-nov-2019-160417-article/

Oil and gas companies will spend more than $20 billion on cybersecurity by 2023, according to a survey conducted by the consulting firm BDO. Oil and gas companies will spend more than $20 billion on cybersecurity by 2023, according to a survey conducted by the consulting firm BDO.

5          Machine Programming: What Lies Ahead?
https://knowledge.wharton.upenn.edu/article/ai-machine-learning/

Imagine software that creates its own software. That is what machine programming is all about. Like other fields of artificial intelligence, machine programming has been around since the 1950s, but it is now at an inflection point. Machine programming potentially can redefine many industries, including software development, autonomous vehicles or financial services, according to Justin Gottschlich, head of machine programming research at Intel Labs.

6          AI will disrupt white-collar workers the most, predicts a new report
https://www.technologyreview.com/f/614739/ai-will-disrupt-white-collar-workers-the-most-predicts-a-new-report/

A surprise finding: Conventional wisdom says robotics, artificial intelligence, and automation will radically alter work for blue-collar truckers and factory workers. In fact, white-collar jobs will be affected more, according to a new analysis by the Brookings Institution.

7          How B2B Software Providers Can Use Chatbots for Lead Generation
https://chatbotnewsdaily.com/how-b2b-software-providers-can-use-chatbots-for-lead-generation-d50b30c0428e

Software development for businesses is a lucrative — and highly competitive — venture. No matter how good your coding skills, unless you can showcase them to prospective customers and convince them of your quality, it is of little importance. This is where lead generation comes in.

8          Sniffing Out Errors

https://insidebigdata.com/2019/11/26/sniffing-out-errors/
As seasoned analysts will know; it can be difficult to identify when to draw a line under your Predictive Modelling, accept its performance as sufficient for your purposes and move on to deployment. This article will consider an established method for determining when enough is enough; Error Analysis.

9          Time Series Prediction Using LSTM Deep Neural Networks
https://www.altumintelligence.com/articles/a/Time-Series-Prediction-Using-LSTM-Deep-Neural-Networks
This article focuses on using a Deep LSTM Neural Network architecture to provide multidimensional time series forecasting using Keras and Tensorflow – specifically on stock market datasets to provide momentum indicators of stock price.

10        Want Better Forecasting? Silence the Noise
https://knowledge.wharton.upenn.edu/article/want-better-forecasting-silence-the-noise/
From predicting the weather to possible election outcomes, forecasts have a wide range of applications. Research shows that many forces can interfere with the process of predicting outcomes accurately — among them are bias, information and noise.

11        Cracking the code of repair analytics
https://www.mckinsey.com/business-functions/operations/our-insights/cracking-the-code-of-repair-analytics

Increased availability of low-cost connected devices has made it possible to collect vast amounts of data from the field. At the same time, advances in machine learning allow companies to apply analytics to discover, interpret, and communicate insights. The combination is already opening new opportunities for those companies that are building significant new capabilities in a part of the business that long seemed resistant to change.

12        How to Decrease Churn Rate Through Excellent Customer Service
https://www.business2community.com/customer-experience/how-to-decrease-churn-rate-through-excellent-customer-service-02261126

Customer churn, also known as customer attrition, is usually not the most feel-good metric, but it’s an important one for companies to pay attention to. The term refers to the percentage of customers who stop using your product or service during a certain period of time. It gives you a clear picture of customer retention, which is a vital factor for business success.

13        3 Video Marketing Tactics to Improve Customer Engagement
https://www.targetmarketingmag.com/article/3-video-marketing-tactics-to-improve-customer-engagement/

Video marketing isn’t a new channel to explore for most marketers, but still there are some who have yet to work on a video content strategy to further engage their audiences. That said, marketers can’t ignore that websites with videos are 53 times more likely to appear on top of Google’s search results. It’s undeniable that videos are engaging.

14        Key Polymer Additive Manufacturing Highlights from Formnext 2019: Plastics Technology
https://www.ptonline.com/blog/post/key-polymer-additive-manufacturing-highlights-from-formnext-2019
Another big-time exhibition and conference recently wrapped up in Germany. Formnext 2019 (Nov. 19-22; Frankfurt, Germany) is completely dedicated to the additive manufacturing industry, and there was a ton of news and technology announced at the show. Here are some of the highlights:

Energy, Petrochemicals and Plastics 39

Friday, November 22, 2019

Energy, Petrochemicals and Plastics 39

1          Forget OPEC: China Now Moves The Oil Markets
https://oilprice.com/Energy/Oil-Prices/Forget-OPEC-China-Now-Moves-The-Oil-Markets.html
Not so long ago, oil prices would surge or plummet on just a whisper from OPEC, who at the time held all the supply cards. The mere hint that the world’s most powerful oil cartel was going to cut production could send oil prices up dramatically. Those days are over.

2          Oil Price Fundamental Daily Forecast – Trade Deal Confusion Takes Backseat to Renewed OPEC Output Cuts
https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-trade-deal-confusion-takes-backseat-to-renewed-opec-output-cuts-614932

Unless there is a major break-through in the trade deal negotiations, good or bad, crude oil prices are likely to be largely supported by the news that OPEC and its allies likely to agree to maintain its production cuts when it meets on December 5-6.

3          Natural Gas Price Fundamental Daily Forecast
https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-ripe-for-near-term-short-covering-rally-with-2-696-first-target-614960

Natural gas futures are trading higher on Friday after the government reported a larger-than-expected drop in inventories to kick-off the withdrawal season on Thursday.

4          Weekly resin report: Relentless downward pressure on spot PE pricing continues
https://www.plasticstoday.com/resin-pricing/weekly-resin-report-relentless-downward-pressure-on-spot-pe-pricing-continues/117129832661898

Mid-November in the spot resin markets was characterized by aggressive discounting, as the vast majority of polyethylene (PE) and polypropylene (PP) grades lost $0.01/lb in a continuation of the downdraft in pricing. Completed volumes at the PlasticsExchange (Chicago) trading desk were above average last week, driven by better buying from PP processors, who enjoyed the savings, reports the resin clearinghouse in its weekly Market Update. PE buyers were more cautious, however, and again generally chose to procure minimum quantities, often just single truckloads.

5          H1 2019 western Europe olefins production down 7-8% year on year
https://www.icis.com/explore/resources/news/2019/11/19/10445778/h1-2019-western-europe-olefins-production-down-7-8-year-on-year

The production of ethylene, propylene and butadiene (BD) in western Europe was down 7-8% in the first half of 2019 compared with the same period in 2018, according to the latest figures from Petrochemicals Europe.

6          The IEA’s outlook to 2040: Ed Crooks’ Energy Pulse
https://www.woodmac.com/news/opinion/the-ieas-outlook-to-2040/
In this scenario, North America’s net exports of gas rise steeply from 16 billion cubic metres last year to 150 bcm in 2030, but then remain roughly flat until the end of that decade. The IEA thinks US gas production is likely to grow rapidly until the mid-2020s and then level off, in tandem with a similar plateau in oil production.

7          Global refiners raise cleaner shipping fuel output ahead of IMO 2020
https://www.reuters.com/article/us-global-oil-imo-factbox-idUSKBN1XU0RK
Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.

8          New Petrochemicals Project Near Houston to Rely on Lower 48 NGL Feedstock
https://www.naturalgasintel.com/articles/120258-new-petrochemicals-project-near-houston-to-rely-on-lower-48-ngl-feedstock

Houston-based Next Wave Energy Partners LP on Wednesday sanctioned a 28,000 b/d capacity alkylate production facility near Houston that would be fueled by domestic natural gas liquids (NGL).

9          Saudi Arabia seals petrochemical investment deals worth more than $2bn
https://www.thenational.ae/business/saudi-arabia-seals-petrochemical-investment-deals-worth-more-than-2bn-1.940668

Saudi Arabia sealed more than $2 billion (Dh7.34bn) in investment deals with top global companies and local entities to boost the petrochemicals sector in the kingdom.

10        Dirt Cheap Gasoline Is Fueling Colombia’s Cocaine Cartels
https://oilprice.com/Energy/Energy-General/Dirt-Cheap-Gasoline-Is-Fueling-Colombias-Cocaine-Cartels.html

Every day, $3 million worth of fuel is smuggled into Colombia from various neighbors who can’t seem to keep their borders under control. Even worse, this is the gas that fuels the mighty cocaine industry.

11        Repsol introduces new LDPE grades for medical and pharmaceutical applications
https://www.plasticstoday.com/medical/repsol-introduces-new-ldpe-grades-medical-and-pharmaceutical-applications/211523924661910

New grades of low-density polyethylene (LDPE) for medical device and pharmaceutical packaging applications have been introduced by Repsol, a global energy and chemicals company headquartered in Madrid. It made the announcement at Compamed, a medical manufacturing trade show co-located with Medica this week in Düsseldorf, Germany.

12        Petrobras set to become world’s largest oil producer
https://www.rystadenergy.com/newsevents/news/press-releases/petrobras-set-to-become-worlds-largest-oil-producer/

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.

13        Exxon Credit Rating Outlook Lowered by Moody’s
https://www.rigzone.com/news/wire/exxon_credit_rating_outlook_lowered_by_moodys-20-nov-2019-160385-article/

Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth.

14        Shippers Struggling to Get 2020-Compliant Fuel
https://www.rigzone.com/news/wire/shippers_struggling_to_get_2020compliant_fuel-19-nov-2019-160374-article/

Ships hauling everything from iron ore to coal and grains are struggling to obtain the fuels they need to test them in time for the start of sweeping environmental legislation that takes effect in six weeks’ time, a situation that could ultimately result in vessels having to temporarily halt trading.

15        Gulf of Mexico poised to continue record production
https://www.rystadenergy.com/newsevents/news/press-releases/gulf-of-mexico-poised-to-continue-record-production/

Despite massive cuts in investment the US Gulf of Mexico is set for another year of record oil production in 2020, according to Rystad Energy.

Recycling, Renewables and Sustainable Business 10

Friday, November 22, 2019

Recycling, Renewables and Sustainable Business 10

1          Global fossil fuel production on track to bust Paris climate targets
https://www.cbc.ca/news/technology/fossil-fuel-overshoot-1.5365974

The world’s major fossil fuel producers are set to bust global environmental goals with excessive coal, oil and gas extraction in the next decade, the United Nations and research groups said on Wednesday in the latest warning over climate crisis.

2          Who Will Fund the Renewables Boom of the Next 15 Years?
https://www.greentechmedia.com/articles/read/where-renewables-capital-will-come-from
Wood Mackenzie estimates that the combined global capex spend on wind and solar projects will range from around $165 billion to $190 billion a year between 2020 and 2035. That calculation is based on realistic growth scenarios as well as project development at a global average cost of around $1.00 per watt for onshore wind and solar.

3          Oil giant Total to build ‘Nordics’ largest battery’ at wind farm
https://www.rechargenews.com/transition/oil-giant-total-to-build-nordics-largest-battery-at-wind-farm/2-1-709937

Oil supermajor Total’s energy storage unit Saft said it will build the largest lithium-ion battery system in the Nordics at a wind farm in Finland.

The 5.6MW/6.6MWh storage facility will be deployed at a 21MW wind project in the Finnish northwest developed by TuuliWatti, a statement said.

4          Volvo Uses Blockhain to Ensure Ethical EV Batteries
https://cleantechnica.com/2019/11/20/volvo-uses-blockchain-to-ensure-ethical-evs/
Blockchain technology is (in the simplest way I can think of to describe it) a time-stamped series of transactions that are linked together, mathematically, to form a “chain.” Each transaction in the chain is a “block,” and they’re tied together using  fancy math in a way that makes it impossible for the chain to be modified. Blockchains have been used by digital currency markets to ensure transparent and secure transactions — but now, Volvo is using it for something else: to guarantee that the batteries in its EVs aren’t made from “conflict minerals.”

5          The Next Stage Of The Electric Vehicle Boom
https://oilprice.com/Energy/Energy-General/The-Next-Stage-Of-The-Electric-Vehicle-Boom.html

Transportation needs to clean up its act. As we edge closer and closer to a greenhouse gas emissions tipping point toward catastrophic climate change, it becomes harder to deny that the carbon-spewing internal combustion engine’s days are numbered. Back in 2017, the Economist announced the “death of the internal combustion engine,” saying that “The shift from fuel and pistons to batteries and electric motors is unlikely to take that long. The first death rattles of the internal combustion engine are already reverberating around the world—and many of the consequences will be welcome.”

6          Henkel, BASF Collaborate on Chemical Recycling: Plastics Technology
https://www.ptonline.com/blog/post/henkel-basf-collaborate-on-chemical-recycling

More advances continue to take place in chemical recycling. Henkel has produced Perwoll bottles using chemically recycled plastic in collaboration with packaging manufacturer Alpla—this pilot project is part of the ChemCycling project led by BASF.

7          Fast Times for the U.S. Residential Solar Market
https://www.greentechmedia.com/articles/read/the-latest-trends-in-residential-solar-q3

Fall earnings season brought a barrage of new data on the performance of rooftop solar installers, since all the large national players are publicly traded.

For one thing, the national residential solar company is very much alive, contrary to fears of years past that these companies couldn’t survive and arguments that solar is an inherently local business.

8          Amazon making ‘solid progress’ toward renewable future
https://www.bloomberg.com/professional/blog/amazon-making-solid-progress-toward-renewable-future/

Amazon.com Inc. is making “solid progress” toward its goal of 100% renewable energy by 2030, according to new research by BloombergNEF.

9          How to Get Corporate Strategy to Engage with Climate Change
https://knowledge.wharton.upenn.edu/article/corporate-strategy-engage-climate-change/
In January this year, Pacific Gas and Electric declared bankruptcy as sparks from its equipment were found to be the cause of wildfires, and it cannot afford to cover the liabilities which this entails. In October, it cut service to more than a million Californians, again because of wildfires.

10        Europe’s Biggest Gas Grid Ramps Up Hydrogen Efforts
https://www.greentechmedia.com/articles/read/europes-biggest-gas-grid-ramps-up-hydrogen-efforts

The largest natural gas infrastructure firm in Europe has launched a new hydrogen business and increased its financing for low carbon projects.

Snam, which runs the Italian gas grid and is active in France, Greece and the U.K., has pledged to direct 20 percent of its annual investments into sustainable projects by 2023 via its SnamTec arm.

11        Oil and Gas Companies Can Power Offshore Platforms with Renewables
https://www.greentechmedia.com/articles/read/oil-and-gas-companies-can-power-offshore-platforms-with-renewables

Today, around 5 percent of global offshore oil and gas wellhead production is used as fuel to power offshore production platforms.

However, using wellhead production to power operations reduces sales volumes and increases the carbon footprint of operations, which in turn poses a potential tax burden for the oil and gas companies in the future.

12        Coca-Cola Sweden first to switch to 100% recycled bottles
https://www.packagingnews.co.uk/news/environment/coca-cola-sweden-first-switch-100-recycled-bottles-21-11-2019

The transition will begin in the first quarter of 2020 and includes all plastic (PET) packaging made at Coca-Cola’s bottling plant in Jordbro.

13        Tetra Pak claims food and drink first with traceable plant-based pack
https://www.packagingnews.co.uk/top-story/tetra-pak-claims-food-drink-first-traceable-plant-based-polymers-19-11-2019

The company said the move is yet another reinforcement of its commitment to drive ethical and responsible business practices across global supply chains, while lowering the carbon footprint of its packaging.

14        Sustainable Debt Joins the Trillion-Dollar Club
https://about.bnef.com/blog/sustainable-debt-joins-the-trillion-dollar-club/

Total issuance of sustainable debt has surpassed $1 trillion in a landmark moment for the market, according to new data compiled by research company BloombergNEF (BNEF). This milestone was announced today at the Sustainable Bonds Forum hosted by the International Finance Corporation (IFC) in Washington, D.C.

15        Utility-Scale Solar Set to Eclipse Onsite Installations in US Corporate Market
https://www.greentechmedia.com/articles/read/corporate-utility-scale-solar-to-surpass-onsite-solar
Starting next year, offsite corporate deals are expected to become the largest source of business-led solar procurement in the United States.

16        SunPower, Goldman Sachs Awarded Big JFK Solar Project
https://solarindustrymag.com/sunpower-goldman-sachs-awarded-big-jfk-solar-project
The Port Authority of New York and New Jersey has awarded New York City’s single-largest solar energy project – a development at John F. Kennedy International Airport – to SunPower Corp. and Goldman Sachs Renewable Power Group.

17        If You Can’t Do Nuclear, Try (Concentrating) Solar Power Instead
https://cleantechnica.com/2019/11/19/concentrating-solar-power-breakthrough/
Some great news for concentrating solar power fans sailed in over the transom this morning. Mega wealthy person and famed US investor Bill Gates may be chasing the nuclear unicorn with his startup Terrapower, but meanwhile his other startup Heliogen — his secret one! — has just burst out of stealth mode with a new concentrating solar power breakthrough in its pocket.

18        Dura-Last urges companies to ‘Recycle Your Roof’
https://www.plasticsnews.com/news/dura-last-urges-companies-recycle-your-roof

Recycling means PET bottles and HDPE milk jugs, right? Katie Chapman said recycling is much broader than that, and it can even mean PVC membranes for industrial and commercial roofing, a product that lasts for decades.

Business Intelligence and Analytics 39

Friday, November 22, 2019

Business Intelligence and Analytics 39

1          B2B marketing trends for 2020
https://www.smartinsights.com/b2b-digital-marketing/b2b-strategy/b2b-marketing-trends-for-2020/

Understanding where B2B industries are going with their marketing can help you identify trends, discover the next big thing and keep ahead of the competition. This is especially important as we get ready to head into 2020, as marketing trends are set to change for the new year, which will likely affect your upcoming strategies.

2          4 Steps to Digitally Transform Your Business
https://datafloq.com/read/4-steps-digital-transformation-your-business/7200
According to McKinsey, data-driven organisations are 23x more likely to acquire customers, 6x more likely to retain customers and 19x more likely to be profitable. Being data-driven is good for business. Therefore, it is not a surprise that one question I always get when advising organisations is how to digitally transform your business and remain relevant in these fast-changing times.

3          3 Signs Your Business is Ready for a Recommendation Engine
https://medium.com/@ODSC/3-signs-your-business-is-ready-for-a-recommendation-engine-99cf9c8b684
Data is in high demand, not just on the business side but for customer-facing solutions as well. When your business can fully integrate data into your customer journey and day to day experience, you become a more valuable tool to that customer. There’s a lot of noise out there; you need ways to personalize the experience, so your products and services stand out.

4          Advanced Machine Learning with Basic Excel
https://www.datasciencecentral.com/profiles/blogs/advanced-machine-learning-with-basic-excel
In this article, I present a few modern techniques that have been used in various business contexts, comparing performance with traditional methods. The advanced techniques in question are math-free, innovative, efficiently process large amounts of unstructured data, and are robust and scalable.

5          Everything a Data Scientist Should Know About Data Management
https://www.kdnuggets.com/2019/10/data-scientist-data-management.html
To be a real “full-stack” data scientist, or what many bloggers and employers call a “unicorn,” you have to master every step of the data science process — all the way from storing your data, to putting your finished product (typically a predictive model) in production. But the bulk of data science training focuses on machine/deep learning techniques; data management knowledge is often treated as an afterthought. Data science students usually learn modeling skills with processed and cleaned data in text files stored on their laptop, ignoring how the data sausage is made.

6          The easy way to benchmark your digital marketing performance
https://www.smartinsights.com/marketplace-analysis/competitor-analysis/benchmark-your-digital-marketing-performance/

Measuring your success is more than looking at how much traffic is coming to your site and what your conversion rate is. You can’t really get a true idea of how you are performing unless you compare yourself to your competitors.

7          Tips on Maintaining Long-Term Affiliate Relationships
https://www.business2community.com/affiliate-marketing/tips-on-maintaining-long-term-affiliate-relationships-02260178

If you’ve already got a well-oiled affiliate marketing machine running on behalf of your business, you know that it’s one of the very best ways to promote. With a reputation for boosting conversion rates, strengthening brand awareness, and upping search rankings, it’s no wonder affiliate marketing earns 15% percent of the total revenue in the realm of digital media advertising. But how do you keep the machine going with minimal maintenance, earning you big bucks along the way?

8          How Big Data And Analytics Are Transforming The Audit?
https://inc42.com/resources/how-big-data-and-analytics-are-transforming-the-audit/

Auditing always holds the biggest challenge in it, such as data privacy, Data Governance, Ethics, and Integrity. Earlier data was something that is human-generated and structured by them. Whereas, recent technological inventions have turned data to be machine-generated and unstructured. Thus, the massive cluster of data is now termed to be the Big Data. This big data is expected to have a drastic impact on productivity, profits, and risk management. Analytics, a process of verifying the data and its objectives, which draws a meaningful conclusion.

9          How to Save and Reuse Data Preparation Objects in Scikit-Learn
https://machinelearningmastery.com/how-to-save-and-load-models-and-data-preparation-in-scikit-learn-for-later-use/

It is critical that any data preparation performed on a training dataset is also performed on a new dataset in the future. This may include a test dataset when evaluating a model or new data from the domain when using a model to make predictions.

10        A Multivariate Time Series Guide to Forecasting and Modeling (with Python codes)
https://www.analyticsvidhya.com/blog/2018/09/multivariate-time-series-guide-forecasting-modeling-python-codes/

Time is the most critical factor that decides whether a business will rise or fall. That’s why we see sales in stores and e-commerce platforms aligning with festivals. These businesses analyze years of spending data to understand the best time to throw open the gates and see an increase in consumer spending.

11        How to Develop Multi-Step LSTM Time Series Forecasting Models for Power Usage
https://machinelearningmastery.com/how-to-develop-lstm-models-for-multi-step-time-series-forecasting-of-household-power-consumption/

Given the rise of smart electricity meters and the wide adoption of electricity generation technology like solar panels, there is a wealth of electricity usage data available.

This data represents a multivariate time series of power-related variables that in turn could be used to model and even forecast future electricity consumption.

12        9 tips for targeting audiences based on behavior
https://adage.com/article/industry-insights/9-tips-targeting-audiences-based-behavior/2215276

Behavioral targeting is an increasingly popular marketing method whereby advertisers leverage user data to strengthen ads. This method creates a personalized user experience based on a user’s shopping history, online behaviors and additional preferences.

13        What Good Is Data If You Don’t Use It to Reach Customers?
https://www.business2community.com/business-intelligence/what-good-is-data-if-you-dont-use-it-to-reach-customers-02259662

Digital marketing is a bona fide revolution. The ability to reach buyers where they live on the internet changed everything—how we identify customers, how we target them, and how we convince and convert. Digital marketing also opened up opportunities to actually track the buyer throughout the journey, turning people into raw data.

14        Don’t Get Stuck; Move Forward
https://www.business2community.com/strategy/dont-get-stuck-move-forward-02259570
A difficult problem can and will eventually become a roadblock so large that it renders forward progress in any productive way virtually impossible. The direct result of a roadblock as such is more often than not, procrastination, and the longer this problem is in place, the more you become convinced there are no solutions. This couldn’t be further from the truth.

15        The Future of Wearables: How Wearable Tech Will Change Everything
https://datafloq.com/read/future-wearables-how-tech-will-change-everything/5172
It’s one of the big buzzwords of the moment, the “Internet of Things”. It’s been dubbed as the next industrial revolution – or as businesses call it -Industry 4.0. Between that and A.I, there’s enough to overwhelm even the most tech-savvy. There’s talk of toasters that use machine learning to make the perfect toast, refrigerators that can order their own milk and butter when reserves are low (no more running to the corner shop before breakfast), and even buildings that have voice activation and temperature control according to the weather.

Energy, Petrochemicals and Plastics 38

Friday, November 15, 2019

Energy, Petrochemicals and Plastics 38

1          IEA: Peak Oil Demand Is Less Than A Decade Away
https://oilprice.com/Energy/Crude-Oil/IEA-Peak-Oil-Demand-Is-Less-Than-A-Decade-Away.html

Until about 2025, the IEA said, global oil demand will expand by about 1 percent annually, exceeding 100 million bpd and reaching 105.4 million bpd. After that growth will shrink substantially and demand will reach a plateau at less than 110 million bpd—106.4 million bpd.

2          Oil Price Fundamental Daily Forecast
https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-pressured-as-demand-concerns-outweigh-trade-talk-optimism-613241

The early strength didn’t last and the markets turned lower after the IEA said on Friday, OPEC and its friends face stiffening competition in 2020, adding urgency to the oil producer group’s policy, according to Reuters.

3          Natural Gas Price Fundamental Daily Forecast
https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-eia-weekly-storage-11-15-day-forecast-to-drive-price-action-612858

Natural gas futures are trading higher early Thursday and on the strong side of a key retracement zone as traders continue to react to reports calling for a fresh round of colder-trending weather. Position-squaring ahead of the U.S. Energy Information Administration weekly storage report later today could also be providing support after a steep six-day sell-off. Helping to keep a lid on prices, however, is a weaker spot market.

4          Weekly resin report: Spot PE prices slide as suppliers compete for orders
https://www.plasticstoday.com/resin-pricing/weekly-resin-report-spot-pe-prices-slide-suppliers-compete-orders/26580568861852

Prices for both polyethylene (PE) and polypropylene (PP)  weakened across the board last week, reports the PlasticsExchange (Chicago) in its Market Update. PE grades dropped $0.005 to 0.015/lb, although some materials such as low-density (LD) PE for film and high-density (HD) PE for dairy remained a tad snug. Spot PP prices dropped a deuce on weaker feedstock costs. There were some phenomenal resin deals presented to us, writes the PlasticsExchange, which it scooped up, because they were “just too compelling to pass up.”

5          IEA Sees $90 Crude Ahead Of Oil’s Downfall
https://oilprice.com/Energy/Energy-General/IEA-Sees-90-Crude-Ahead-Of-Oils-Downfall.html

Global oil demand will plateau around 2030, according to a major new report, but the decline in demand is way too slow to head off the worsening effects of climate change.

Oil demand begins to flatten out in the 2030s “under pressure from rising fuel efficiency and the electrification of mobility,” The International Energy Agency (IEA) said in its widely-anticipated annual World Energy Outlook.

6          Petchems demand for crude oil set to boom despite rising recycling rates – IEA
https://www.icis.com/explore/resources/news/2019/11/13/10443245/petchems-demand-for-crude-oil-set-to-boom-despite-rising-recycling-rates-iea

Global recycling rates are set to boom in coming decades but demand for crude oil from the petrochemicals industry is set to continue rising as emerging economies urbanise, the International Energy Agency (IEA) said on Wednesday.

7          INSIGHT: Current chems recycling not enough to make significant dent in oil demand
https://www.icis.com/explore/resources/news/2019/11/14/10444174/insight-current-chems-recycling-not-enough-to-make-significant-dent-in-oil-demand-iea

Chemicals recycling technologies that would pave the way for petrochemicals to avoid crude oil as feedstock are still not sufficient to drag down overall demand in coming decades, according to the IEA’s petrochemicals analyst.

8          Short-Term Energy Outlook – U.S. Energy Information Administration (EIA)
https://www.eia.gov/outlooks/steo/
Brent crude oil spot prices averaged $60 per barrel (b) in October, down $3/b from September and down $21/b from October 2018. EIA forecasts Brent spot prices will average $60/b in 2020, down from a 2019 average of $64/b. EIA forecasts that West Texas Intermediate (WTI) prices will average $5.50/b less than Brent prices in 2020. EIA expects crude oil prices will be lower on average in 2020 than in 2019 because of forecast rising global oil inventories, particularly in the first half of next year.

9          U.S. Oil Production Set To Keep Rising
https://www.forbes.com/sites/judeclemente/2019/11/14/us-oil-production-set-to-keep-rising/

Along with slower global demand growth, surging U.S. oil production has been the primary bearish factor in the oil market. Per U.S. Department of Energy numbers, domestic crude output is at all-time records of 12.6 million b/d, some 80% of all U.S. liquids supply. The industry has deployed constant technology and efficiency gains to compensate for less CAPEX investment and drilling.

10        Could The Aramco IPO Kill OPEC?
https://oilprice.com/Energy/Energy-General/Could-The-Aramco-IPO-Kill-OPEC.html

The global oil market could be entering unchartered waters in the coming weeks. After the US shale revolution, which threatened OPEC’s hold on and the stability of the market, a new danger is lurking around the corner.

11        Chart builds Europe’s largest LNG vehicle fuelling station
https://www.lngindustry.com/liquid-natural-gas/14112019/chart-builds-europes-largest-lng-vehicle-fuelling-station/

Chart Industries, Inc. has announced that it has completed the installation and commissioning of Europe’s largest LNG fuelling station for AlternOil GmbH.

The station will be operated by AlternOil following final approval by local authorities expected in early December 2019. It is located on Germany’s main A1 highway near the city of Bakum.

12        Natural rubber leaf disease raises concerns in Thailand
https://www.rubbernews.com/suppliers/natural-rubber-leaf-disease-raises-concerns-thailand

Major natural rubber producers in Thailand, Indonesia and Malaysia have expressed concern over the spread of Pestalotiopsis leaf disease in the countries.

13        Repsol looks to Alberta to replace Mexican and Venezuelan oil
https://www.worldoil.com/news/2019/11/12/repsol-looks-to-alberta-to-replace-mexican-and-venezuelan-oil

Repsol SA is looking as far away as Western Canada for oil for its European refineries amid dwindling supplies from Mexico and Venezuela.

14        Offshore oil to peak in 2020, then join the shale slump, says analyst
https://www.worldoil.com/news/2019/11/12/offshore-oil-to-peak-in-2020-then-join-the-shale-slump-says-analyst

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

Recycling, Renewables and Sustainable Business 9

Friday, November 15, 2019

Recycling, Renewables and Sustainable Business 9

1          US oil drillers face growing issue of water disposal
https://blogs.platts.com/2019/11/12/us-oil-drillers-water-disposal/
For every barrel of oil produced from the average Permian Basin well, about three barrels of water get pumped out with it. The water-to-oil ratio is lowest in the established Midland Basin, but more exaggerated in the Delaware and other Texas basins.

2          Tesla’s Newest Gigafactory Is Heading To The Heart Of Europe
https://oilprice.com/Latest-Energy-News/World-News/Teslas-Newest-Gigafactory-Is-Heading-To-The-Heart-Of-Europe.html

Tesla plans to build a gigafactory in Germany, chief executive Elon Musk said, adding the facility will also include a design center.

“Everyone knows that German engineering is outstanding, for sure. That’s part of the reason why we are locating our Gigafactory Europe in Germany. We are also going to create an engineering and design center in Berlin, because Berlin has some of the best art in the world,” Musk told media, as quoted by CNBC.

3          Lithium producers hit by first big downturn of electric vehicle era
https://www.reuters.com/article/us-lithium-conference-producers-idUSKBN1XN0HV
The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle (EV) batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change.

4          Show Me The Money: Capital For A Renewables Future
https://www.woodmac.com/news/opinion/show-me-the-money-capital-for-a-renewables-future/

A significant share of capacity (100-120GW of 170GW) is still expected to be awarded under fixed remuneration auctions through 2030. The role of passive and low-WACC investors, such as pension funds, is likely to increase over the long term as a result. Even a 1% increase in pension capital could provide an additional US$15-20 billion for renewable energy projects. As countries scale their auction plans, small developers are likely to consolidate their portfolios. Their share would decline.

5          Windmills and batteries to attract billions in the green energy revolution
https://www.bloomberg.com/professional/blog/windmills-and-batteries-to-attract-billions-in-the-green-energy-revolution/

The renewable energy transition promises to reduce carbon emissions, but it’s happening at different speeds around the world. Read on for some key insights from BloombergNEF’s New Energy Outlook 2019, which provides a detailed road map to the future.

6          ExxonMobil introduces new sustainable solutions and innovative applications at K2019
https://k2019.exxonmobilchemical.com/en/newsroom/exxonmobil-introduces-new-sustainable-and-innovative-applications

ExxonMobil will demonstrate at its K2019 pavilion (FG10.1) how, by working together and utilizing combined expertise, customers across the value chain can create differentiated sustainable solutions for a range of applications including: packaging, automotive, consumer products, agriculture, building and construction, hygiene and personal care, and lubricants.

7          A Third Of All Americans Live Somewhere That Will Use 100% Green Energy
https://www.forbes.com/sites/kensilverstein/2019/11/14/a-third-of-all-americans-live-somewhere-that-will-use-100-green-energy/

The clean energy movement is getting most of its traction nowadays at the local level, where cities and states are behind the sharp spike in demand for renewable energy. And now at least a dozen states and districts and 200 cities and counties have committed to achieving 100% clean energy.

8          The Uncertain Future Of Hydrogen As Transportation Energy
https://www.forbes.com/sites/bradtempleton/2019/11/12/whats-hydrogens-future-as-transportation-energy/

Hydrogen is often touted as an important transportation “fuel” in the future, though it has never gotten significant traction. One reason is confusion over what it is – it’s not an energy source, though it is used like a fuel, but rather a form of energy storage. You take some other energy source (today it’s natural gas, in the future it’s renewable electricity) and you generate the hydrogen, which you can then turn back into useful energy through a fuel cell, or even by burning it.

9          Montana lawmakers seek more time for Keystone XL public, tribal input
https://www.reuters.com/article/us-usa-pipeline-keystone-idUSKBN1XO2ZY
Montana lawmakers representing Native American tribal members called on the state’s congressional delegation and the U.S. State Department on Thursday to extend the public comment period for the environmental review of the Keystone XL pipeline, saying tribes were not properly consulted.

10        Air pollution nanoparticles linked to brain cancer for first time | Environment
https://www.theguardian.com/environment/2019/nov/13/air-pollution-particles-linked-to-brain-cancer-in-new-research

The ultra-fine particles (UFPs) are produced by fuel burning, particularly in diesel vehicles, and higher exposures significantly increase people’s chances of getting the deadly cancer. Previous work has shown that nanoparticles can get into the brain and that they can carry carcinogenic chemicals.

11        Volkswagen to invest 60 billion euro in e-mobility, digital tech by 2024
https://www.reuters.com/article/us-volkswagen-strategy-idUSKBN1XP1CN

Volkswagen (VOWG_p.DE) will invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars as well as digital technologies, the multi-brand car and truckmaking group said on Friday.

12        Equinor Considers Larger Role in US Renewables
https://www.greentechmedia.com/articles/read/equinor-considers-larger-role-in-us-renewables

The Norwegian oil giant has been evaluating potential onshore renewables investments in the U.S., according to Michael Wheeler, the company’s principal strategist for North America. And in floating offshore wind, where Equinor is the global leader, California beckons as a future market.

13        Top three western wind OEMs ‘to control 60% of market by 2028’
https://www.rechargenews.com/wind/1876160/top-three-western-wind-oems-to-control-60-percent-of-market-by-2028

The leading three western wind turbine OEMs – Vestas, Siemens Gamesa and GE – by 2028 are expected to boost their control in the global market to 60%, or 48GW per year, up from 47% and 32GW in 2019, analyst Wood Mackenzie said.

14        EPA small refinery exemptions in the Renewable Fuel Standard explained
https://www.eia.gov/todayinenergy/detail.php?id=41995

The Renewable Fuel Standard (RFS) mandates the amount of renewable fuels refineres must blend into the U.S. transportation fuel supply. As part of the RFS program, the U.S. Environmental Protection Agency (EPA) can grant annual waivers to some petroleum refineries, called small refinery exemptions (SREs), which are provided under conditions of economic hardship. Although these SREs lessen the number of tradable compliance credits that refineries can use to comply with the RFS program, actual biofuel consumption is influenced by additional market factors.

Business Intelligence and Analytics 38

Friday, November 15, 2019

Business Intelligence and Analytics 38

1          3 Great Examples of Artificial Intelligence Marketing
https://medium.com/trapica/3-great-examples-of-artificial-intelligence-marketing-550888942b71
Have you been hearing everybody talking about artificial intelligence marketing without really understanding what it means and how it works? Don’t worry, you’re not alone. When it comes to marketing automation and all that surrounds it, things can get confusing (especially if you’ve had a full career in the industry without having to worry about clever algorithms and complex tools!)

2          The Value of Integrating Marketing Automation With Email Marketing
https://martechseries.com/mts-insights/guest-authors/the-value-of-integrating-marketing-automation-with-email-marketing/

Email Marketing is one of the strongest and most efficient ways to reach your customers. In fact, the average person checks their email about 15 times per day. With an estimated 293.6 billion emails anticipated to be sent worldwide in 2019, it’s safe to assume that your customers are getting their fair share of email communication. So, how can your small or midsized business (SMB) make sure your email marketing stands out?

3          All Together Now: The Seven Keys to Marketing Automation Success
https://martechseries.com/mts-insights/guest-authors/all-together-now-the-seven-keys-to-marketing-automation-success/

Before considering Marketing Automation, let’s first talk about your customers and how well you know them. Do you know why and how they became customers in the first place? What other competitors did they consider when starting their research process? When was the last time you spoke with them?

4          6 key tips to consider when creating a video marketing strategy [Infographic]
https://www.smartinsights.com/digital-marketing-platforms/video-marketing/6-key-tips-to-consider-when-creating-a-video-marketing-strategy-infographic/

The popularity of video has risen by 72% among marketers and this type of content engages audiences, so what do you need to know about video marketing?

5          10 Lessons from 10 years in marketing and 10 in sales
https://marketingland.com/10-lessons-from-10-years-in-marketing-and-10-in-sales-271016
In 1998, my software developer brother said: “you’ve gotta get into software – the internet is changing everything!” Fast forward to 1999, after passing a couple of interviews and slogging through some C++ books, I packed up my life, took a 50 percent pay cut, and headed to Denver to work as an inside sales rep for my first job in the software industry.

6          6 Networking Email Subject Line Examples From Top B2B Startups
https://www.business2community.com/email-marketing/6-networking-email-subject-line-examples-from-top-b2b-startups-02257612

Networking is a vital part of advancing your sales career. It can not only lead to future career opportunities, but it can also drive traffic to your product or service. Email is one effective channel to network through, especially considering 86% of business professionals prefer to use email when communicating for business purposes.

7          ActiveCampaign Introduces Predictive Content
https://martechseries.com/sales-marketing/customer-experience-management/activecampaign-introduces-predictive-content-machine-learning-feature-predicts-engaging-email-individual-audience/

ActiveCampaign, the leader in Customer Experience Automation, announced Predictive Content, a new machine learning feature that predicts the most engaging message for each individual being emailed based on only a handful of user inputs. The product is now available in beta for ActiveCampaign’s Professional and Enterprise customers.

8          Efficient Ways the AI Will Boost Your E-Commerce Sales
https://martechseries.com/mts-insights/guest-authors/efficient-ways-ai-will-boost-e-commerce-sales/

Modern technology continues to reshape how businesses operate these days. When it comes to eCommerce stores, technology is one of their main advantages. This is especially true due to the fact that the market they operate in is oversaturated and highly competitive.

9          Automakers around world await Trump tariff decision
https://www.reuters.com/article/us-usa-autos-trade-idUSKBN1XP0ZC

Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25% tariffs on U.S. car and auto part imports after a 180-day review period elapsed this week.

10        Hacker Wants Near $5MM Ransom from Pemex
https://www.rigzone.com/news/wire/hacker_wants_near_5mm_ransom_from_pemex-14-nov-2019-160329-article/

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’s computer systems since the weekend is hoping to squeeze almost $5 million out of the company and appears to have set a deadline of Nov. 30.

11        Volvo to Use Blockchain to Ethically Source its Cobalt
https://about.bnef.com/blog/volvo-to-use-blockchain-to-ethically-source-its-cobalt/
Volvo Car has entered into an agreement with CATL and LG Chem to implement traceability of its cobalt after a successful blockchain pilot.

Cobalt producers Glencore and ERG have also launched a blockchain initiative with the World Economic Forum to improve cobalt traceability. In battery and vehicle production, Ford Motor, Huayou Cobalt, IBM and LG Chem have launched a pilot platform to address concerns in strategic mineral supply chains.

12        China in focus as West debates critical minerals challenge
https://www.reuters.com/article/us-mining-strategicminerals-idUSKBN1XN2EI
Western powers will attend talks in Brussels next week on curbing China’s dominance of rare earths and other critical resources and EU officials will present their vision to create entire green supply chains.

13        Three Forces Weakening US Dollar’s Grip On Commodity Pricing
https://www.woodmac.com/news/feature/three-forces-weakening-us-dollars-grip-on-commodity-pricing/
China and Russia will lead the de-dollarisation of global commodity markets. Developments in exchange-based derivative trading will also play a part. But breaking the dollar’s dominance will not occur overnight. Nor will the dollar become obsolete in energy and metals.

14        The halo effect, and other managerial delusions
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-halo-effect-and-other-managerial-delusions

The quest of every high-quality corporate executive is to find the keys to superior performance. Achieving market leadership is hard enough, but staying at the top—given intense competition, rapidly changing technology, and shifting global forces—is even more difficult. At the same time, executives are under enormous pressure to deliver profitable growth and high returns for their shareholders. No wonder they constantly search for ways to achieve competitive advantage.

Energy, Petrochemicals and Plastics 37

Friday, November 8, 2019

Energy, Petrochemicals and Plastics 37

1          Years of offshore investments could be valueless
https://www.rystadenergy.com/newsevents/news/press-releases/years-of-offshore-investments-could-be-valueless/

International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.

Rystad Energy has evaluated all offshore oil fields sanctioned since 2010 and ranked them by estimated value per barrel of oil (boe) under various oil price scenarios.

2          Oil Price Fundamental Daily Forecast – Worries Over Trade Deal, Deeper OPEC Cuts Weighing on Prices
https://www.fxempire.com/forecasts/article/oil-price-fundamental-daily-forecast-worries-over-trade-deal-deeper-opec-cuts-weighing-on-prices-611433

Crude oil prices are likely to remain under pressure on Friday as the general uncertainty in the marketplace over a trade deal and additional output cuts from OPEC is encouraging investors to book profits and lighten up on the long side.

3          Natural Gas Price Fundamental Daily Forecast – Sentiment Turns Neutral With $2.740
https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-sentiment-turns-neutral-with-2-740-2-701-next-target-zone-611442

The daily chart indicates that downside pressure could drive the market into a retracement zone at $2.740 to $2.701. Holding inside this zone will support the neutral assessment.

4          Chinese Oil Imports Soar To Record High
https://oilprice.com/Energy/Crude-Oil/Chinese-Oil-Imports-Soar-To-Record-High.html

Refinery start-ups and stabilizing refining margins drove China’s crude oil imports to a record high in October, Chinese customs data showed on Friday.

The world’s top oil importer increased its crude intake in October by 11.5 percent compared to the same month last year, to an average of 10.72 million barrels per day (bpd), according to Reuters calculations based on China’s government data.

5          The 10 Highest Paying Jobs In Oil & Gas
https://oilprice.com/Energy/Energy-General/The-10-Highest-Paying-Jobs-In-Oil-Gas.html
Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.

6          Shale Oil Pioneers Say the Boom is Ending
https://www.rigzone.com/news/wire/shale_oil_pioneers_say_the_boom_is_ending-06-nov-2019-160255-article/

The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

7          Borealis and Borouge launch custom medical-grade compounding service
https://www.plasticstoday.com/medical/borealis-and-borouge-launch-custom-medical-grade-compounding-service/111930429261830

In an effort to broaden the customization potential of its compounds for healthcare applications without jeopardizing customers’ regulatory requirements, materials suppliers Borealis (Vienna) and Borouge (Abu Dahbi) have launched the new Bormed InCompounds service.

8          Petrobras CEO Blames High Price Tag for Auction Flop
https://www.rigzone.com/news/wire/petrobras_ceo_blames_high_price_tag_for_auction_flop-07-nov-2019-160269-article/

Petrobras Chief Executive Officer Roberto Castello Branco said the reason most major oil companies didn’t show up for Brazil’s massive auction was because of the astronomic price tag and regulatory uncertainties.

9          ByGen turning waste plastic including PET into activated carbon
https://www.plasticstoday.com/packaging/bygen-turning-waste-plastic-including-pet-activated-carbon/55859602961818

South Australian company ByGen (Adelaide, Australia) has expanded its focus on activated carbon from using sources such as agricultural wastes to now include plastics. The company has successfully made activated carbon from several types of polymers, including contaminated plastic waste.

10        Novolex’s first sustainability report underscores company’s commitment to plastic waste reduction
https://www.plasticstoday.com/packaging/novolex-s-first-sustainability-report-underscores-company-s-commitment-plastic-waste-reduction/138830488761819

Challenges are present every day in the plastics industry. To meet them and confirm its commitment to reducing plastic waste, packaging and foodservice product producer Novolex has published its first sustainability report. The report focuses on all 61 of the company’s operations, including its headquarters in Hartsville, SC.

Recycling, Renewables and Sustainable Business 8

Friday, November 8, 2019

Recycling, Renewables and Sustainable Business 8

1          Tackle climate change or face funding pressure, gas conference told
https://www.reuters.com/article/us-europe-gas-idUSKBN1XH26W
Investments in gas projects could dry up if the industry fails to demonstrate quickly that it is tackling climate change, a European gas conference heard in Paris on Thursday, a day after environmental activists disrupted the gathering.

2          US Energy Dept. Has A Solar Power Message For Coal: Get Lost!
https://cleantechnica.com/2019/11/07/us-energy-dept-has-a-solar-power-message-for-coal-get-lost/

For someone who promised to revive the US coal industry, President* Trump sure is letting Energy Secretary Rick Perry get away with murder. Coal power plants and coal producers have been dying off in growing numbers all during Secretary Perry’s tenure, thanks in part to his agency’s promotion of renewable energy. In the latest development, last month Perry announced that he would resign later this year — but not before his agency pushed out yet another round of  R&D funding aimed at pushing the cost of solar power far below the cost of coal.

3          Batteries vs. Blackouts: 1,100 Homes Powered Through Vermont Outage With Storage
https://www.greentechmedia.com/articles/read/green-mountain-power-kept-1100-homes-lit-up-during-storm-outage

A major rain and wind storm struck the state at the close of October, knocking out power to some 115,000 customers. Among those affected, 1,100 homes managed to keep the lights on thanks to pilot programs specifically designed to promote resilient backup power with energy storage. The battery backup service lasted nine hours on average, but the longest instance stretched to 82 hours.

4          IEA: Gas and renewables to power Africa
https://www.energyvoice.com/oilandgas/africa/211762/iea-gas-and-renewables-to-power-africa/
The struggle to provide Africa with energy will become increasingly important, particularly in terms of balancing power with carbon emissions, a new report from the International Energy Agency (IEA) has said.

5          The Permian paradox: Texas shale players go green to drill more
https://www.reuters.com/article/us-usa-energy-renewables-idUSKBN1XI1HH
As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs, oil and gas companies are increasingly relying on wind and solar power to ensure that the shale boom continues.

6          ‘Death of a river’: the ruinous design flaw in a vast Amazon rainforest dam | Environment
https://www.theguardian.com/environment/2019/nov/08/death-of-a-river-the-ruinous-design-flaw-in-a-vast-amazon-rainforest-dam

The biggest hydroelectric project in the Amazon rainforest has a design flaw that poses a “very serious” threat to human life and globally important ecosystems, according to documents and expert testimony received by the Guardian.

7          Rethinking Future Investments in Natural Gas Infrastructure
https://www.greentechmedia.com/articles/read/rethinking-future-investments-in-natural-gas-infrastructure

Cities and utilities across the United States are starting to reject natural gas — and not just for environmental reasons. Increasingly, the compelling economics of clean energy alternatives play a major role in these decisions.

8          Siemens Gamesa Rolls Out First 10MW Nacelle
https://www.offshorewind.biz/2019/11/08/siemens-gamesa-rolls-out-first-10mw-nacelle/

Siemens Gamesa launched the SG 10.0-193 DD, the company’s first 10+ MW offshore wind turbine, at the beginning of this year.

The 10MW rating is said to be made possible through a larger generator diameter, building on the Siemens Gamesa Direct Drive generator technology.

9          Coca-Cola commits to recycled marine plastic for beverage packaging
https://www.packagingdigest.com/sustainable-packaging/coca-cola-commits-to-recycled-marine-plastic-for-beverage-packaging-2019-11-7

The Coca-Cola Co., as part of its sustainable packaging focus, recently proved that plastic fished from waterways and plucked from beaches can be recycled into bottles suitable for soft drinks.

10        Renewable power GO: market looks to new drivers of liquidity and supply
https://blogs.platts.com/2019/11/07/renewable-power-go-market-liquidity-supply/
The market for European Guarantees of Origin, or GO, electronic tags that certify the source of renewable electricity, is evolving quickly.

S&P Global Platts has been monitoring developments, including the impact of recently-launched French auctions; price dynamics across regions and technologies; and where additional GO supply will come from in the coming years.

11        Exxon calls New York climate case a ‘joke’ on last day of trial
https://www.worldoil.com/news/2019/11/7/exxon-calls-new-york-climate-case-a-joke-on-last-day-of-trial

A lawyer for Exxon Mobil said New York’s fraud lawsuit against the oil giant was a “joke” and that the state had falsely accused engineers and scientists of cooking up a scheme to mislead investors about the financial risks of climate change.

12        Saudi Aramco joins World Bank’s zero flaring initiative
https://www.energyvoice.com/otherenergy/211665/saudi-aramco-joins-world-banks-zero-flaring-initiative/

Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.

Flaring remained at less than 1% of Aramco’s total raw gas production in the first half of 2019.

13        The Full Scale Of Brazil’s Oil Spill Remains A Mystery
https://oilprice.com/Latest-Energy-News/World-News/The-Full-Scale-Of-Brazils-Oil-Spill-Remains-A-Mystery.html

Brazilian President Jair Bolsonaro said Sunday that “the worst is yet to come” with an oil spill that has affected fisheries and polluted more than 200 beaches on the country’s coast, Agence France-Presse reported. “What came so far and what was collected is a small amount of what was spilled,” Bolsonaro said in an interview with Record television.

14        McCrone: Clean Energy’s Decade Nearly Gone, And Its Decade Ahead
https://about.bnef.com/blog/mccrone-clean-energys-decade-nearly-gone-and-its-decade-ahead/

A decade ago, as 2009 drew to a close, Donald Trump was a bombastic reality TV star, Greta Thunberg was an unknown six-year-old in Stockholm, and the world had yet to appreciate major advances such as vaping, yoga pants and “bars” where you get your eyebrows threaded.

Business Intelligence and Analytics 37

Friday, November 8, 2019

Business Intelligence and Analytics 37

1          Data Cleaning and Preprocessing for Beginners
https://www.kdnuggets.com/2019/11/data-cleaning-preprocessing-beginners.html
Data cleansing or data cleaning is the process of detecting and correcting (or removing) corrupt or inaccurate records from a record set, table, or database and refers to identifying incomplete, incorrect, inaccurate or irrelevant parts of the data and then replacing, modifying, or deleting the dirty or coarse data. //Wikipedia

2          3 Lies Data Scientists Tell Themselves
https://towardsdatascience.com/3-lies-data-scientists-tell-themselves-8d29af9ccdf2
If you browse r/MachineLearning you’ve probably seen some posts over the last couple weeks about Siraj Raval, a YouTube personality working to build a name for himself as an online data science educator. He’s recently been under fire for plagiarism, exaggeration of his skills, and milking the data science hype for a quick buck.

3          Understanding Boxplots
https://www.kdnuggets.com/2019/11/understanding-boxplots.html
The image above is a boxplot. A boxplot is a standardized way of displaying the distribution of data based on a five number summary (“minimum”, first quartile (Q1), median, third quartile (Q3), and “maximum”). It can tell you about your outliers and what their values are. It can also tell you if your data is symmetrical, how tightly your data is grouped, and if and how your data is skewed.

4          Research Guide: Advanced Loss Functions for Machine Learning Models
https://www.kdnuggets.com/2019/11/research-guide-advanced-loss-functions-machine-learning-models.html

In addition to good training data and the right model architecture, loss functions are one of the most important parts of training an accurate machine learning model. For this post, I’d love to give developers an overview of some of the more advanced loss functions and how they can be used to improve the accuracy of models—or solve entirely new tasks.

5          Protecting Data Privacy in the Era of Digital Trading
https://insidebigdata.com/2019/11/08/protecting-data-privacy-in-the-era-of-digital-trading/
Technology has made it easier for anyone to invest their money. From automated trading advice and recommendations to wide access to global markets, even a novice investor can begin trading or market speculation with little money or experience. This has created an explosion of capital around the world.

6          Manufacturing Industry Reshuffle — Will Companies Thrive or Barely Survive in The New Era of AI-Defined Automation?
https://towardsdatascience.com/manufacturing-industry-reshuffle-will-companies-thrive-or-barely-survive-in-the-new-era-of-aa06a3cade5c

Previously we talked about how AI can enable robots to perform tasks that could not be done in the past. Specifically, AI robots have achieved breakthroughs in three major areas. But what impact will it have on the current landscape of the manufacturing industry? Who will be able to grasp the opportunities brought about by the new technology? Which companies will face unprecedented challenges?

7          Shaped by AI, the Future of Work Sees Soft Skills & Creativity as Essential
https://martechseries.com/mts-insights/guest-authors/shaped-ai-future-work-sees-soft-skills-creativity-essential/

As technology advances, it disrupts and revolutionizes entire business sectors, often making our jobs easier and our lives better. And while we don’t always know the full impact of such technological advancement, with Artificial Intelligence (AI) it’s becoming increasingly clear that AI will disrupt nearly every industry in one way or another.

8          4 Important Things Universities Need to Teach About Data Science/Analytics
https://towardsdatascience.com/4-important-things-universities-need-to-teach-about-data-science-analytics-6ab5988639ca

I remembered the analytics and machine learning projects I did as an undergraduate, the professors would expect us to produce presentations and scientific reports by implementing statistical and machine learning concepts taught in class on the final few weeks of the semester. These projects have one thing in common: We are to choose readily available data sets.

9          Explainer: World’s biggest trade pact shapes up without India
https://www.reuters.com/article/us-asean-summit-trade-explainer-idUSKBN1XF0XY
Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans for what could become the world’s biggest trade agreement – the Regional Comprehensive Economic Partnership (RCEP).

10        Fatigue Can Be as Dangerous as Drinking on the Job
https://www.business2community.com/workplace-culture/fatigue-can-be-as-dangerous-as-drinking-on-the-job-02256079

Beep. Beep. Beep. Hear that? It’s your alarm sounding, except you feel like you just closed your eyes moments ago. Coming from the world of insurance, we’re surrounded by risk management best practices, and making sleep a priority for our employees and our clients has become an absolute necessity. There are more risks associated with fatigue than many realize.