India's largest platform for AI & Analytics leaders, professionals & aspirants

Sign in

India's largest platform for AI & Analytics leaders, professionals & aspirants

3AI Digital Library

Commodity Intelligence – From Data to Contextual Insights

February 20, 2022

Madhur Bhatia
Procurement, People & Credit Analytics Director

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

  • Algorithms to take Digital Businesses to Next Level

    Digital transformation is vital for business growth, but working out what to do and how to do it remains difficult for IT and business leaders.  At its heart, the digital revolution is about consumer behavior and business opportunity, not technology. The major changes in how consumers use technology, and to where technology is applied, represent […]

  • How Augmented Analytics is Transforming the Analytics Ecosystem

    Author:  Sidharth Sivasailam, Vice President – Products, Course5 Intelligence | LinkedIn – The world of Business Analytics is at an inflection point. Trillions of bytes of data are being generated every day; however, companies continue to struggle with harmonizing this data, analyzing the data of various shapes and sizes they are storing, determining what’s most […]

  • Using AI to Outwit Malicious AI

    Robust Intelligence is among a crop of companies that offer to protect clients from efforts at deception. IN SEPTEMBER 2019, the National Institute of Standards and Technology issued its first-ever warning for an attack on a commercial artificial intelligence algorithm. Security researchers had devised a way to attack a Proofpoint product that uses machine learning to identify spam emails. The system produced email headers […]

  • Property Registration in Karnataka to use Blockchain Technology

    Property registration in Karnataka is all set to become more secure and hassle-free, with the state government developing a system based on blockchain technology for online property documentation. The new system, developed in collaboration with IIT-Kanpur, promises an immutable electronic storage of property data through blockchain. In other words, data once stored cannot be changed, […]