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

  • ChatGPT and Large Language Models: A prioritization Framework for Leaders

    Featured Article: Author: Robin John, Artificial Intelligence Strategist, APAC, Kimberly-Clark Ever since ChatGPT was released last year, a flurry of LLM(Large Language Model) – related product announcements from tech giants have taken the world by storm. The key driving factor behind the success of ChatGPT is its human-like interface into AI. A technique called Reinforcement […]

  • Reimagine and Redefine the Enterprise of the Future with Generative AI Technologies

    Featured Article: Author: Jayachandran Ramachandran, Senior Vice President – Artificial Intelligence Labs Course5 Intelligence There are multiple inflection points in the history of the computation industry since the invention of computers in 1945. Some of the seminal moments are the advent of mainframe technology, personal computing, graphical user interface, Internet, mobile tech, cloud tech, artificial […]

  • Unleashing the Power of AI in CPG: A Unified Approach for Transformative Growth

    Featured Article Author: Chiranjiv Roy, Course5 Intelligence In the ever-competitive Consumer Packaged Goods (CPG) landscape, where consumer preferences shift like sands and market dynamics evolve relentlessly, brands are in a constant quest for differentiation and growth. The disruptive wave of Artificial Intelligence (AI) offers a beacon of innovation, with models like Gemini, Claude, and GPT-4 […]

  • Unleashing Agentic AI: Maximizing ROI with Autonomous Data Solutions

    Featured Article Author: Saurabh Kaushik, IBM In recent years, AI has fundamentally transformed businesses by enhancing customer engagement, streamlining processes, and improving decision-making. Now, a new phase of AI, known as Agentic AI, is emerging, which enables autonomous decision-making and action-taking capabilities. For business leaders and AI enthusiasts, this shift introduces exciting opportunities for innovation […]