India's largest platform and marketplace for AI & Analytics leaders & professionals

Sign in

India's largest platform and marketplace for AI & Analytics leaders & professionals

3AI Digital Library

Commodity Intelligence – From Data to Contextual Insights

3AI February 20, 2022

Madhur Bhatia
Procurement, People & Credit Analytics Director
InBev

Commodity market volatility in pricing, supply and demand has a direct and significant impact on organisation’s procurement budget, ability to deliver savings and overall profitability.

In this session, Madhur Bhatia gave an in-depth idea about hedging in futures and options market which provides means to manage risk associated with continued price escalation of commodities. Madhur explained ML models which can be built to generate buy & sell signals to optimize earnings. He revealed how risk exposure can be controlled through accounting for average error from past predictions.

Madhur emphasized a strong need to consider factors before taking an actual position in the market and shared multiple ways to train & test models for algo trading. One rather popular approach is to split the data longitudinally & use older slices to train and more recent slices to test & validate the performance of the model, he mentioned. 

    3AI Trending Articles

  • Sebi is setting up a Cybersecurity Fusion Centre

    Establishing a cybersecurity fusion centre or a cyber lab is part of Sebi’s three-tier structure for monitoring cybersecurity-related events in the securities markets. . NEW DELHI: Markets regulator Sebi is in the process of setting up a cybersecurity fusion centre, a move aimed at detecting cyber threats faster and resolve such incidents efficiently and effectively. […]

  • Impact of C19 on upskilling and Edtech

    After nearly one year under lockdown, here is how the coronavirus pandemic has impacted the upskilling and edtech platforms across the country. . Overnight in March 2020, COVID19 forced employees and companies to change the way they worked and lived. Regardless of job role, this situation transformed the way every working professional went about their […]

  • Amazon, Microsoft, Google: Platform of choice for European cloud services

    Amazon Web Services (AWS), Microsoft, and Google are continuing to blot out European service providers as the platform of choice for European cloud services, according to a new report from Synergy Research Group. The report found that while the European cloud market has more than tripled over the past three years, European service providers have seen their […]

  • AI readiness – CEO’s most strategic agenda

    For the larger mass of professionals, the words “artificial intelligence,” or AI, often conjure up images of robots, the sorts of robots that might someday take their jobs. But at the enterprise level, AI means something different. It has enormous power and potential: it can disrupt, innovate, enhance, and in many cases totally transform a business. […]