This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ventyx Cloud Risk Analytics Solution To Help Energy Companies Improve Profitability And Mitigate Risks

Stocks in this article: WIT

ATLANTA, Sept. 16, 2013 /PRNewswire/ --  Ventyx, an ABB company, today announced in conjunction with Wipro Ltd. and Microsoft the introduction of a new cloud-based solution that will enable electric utilities and power generation companies to improve profitability by enhancing mitigation of market risks, while avoiding costly investments in IT infrastructure and ongoing maintenance.

For years, power generation companies and utilities have used Monte Carlo simulations to model revenues/profit and analyze hedging strategies related to their physical assets (e.g., power stations) in order to make key financial decisions. Such complex simulations consume vast computing resources, and companies typically need to wait many hours for the results of critical analyses. Accelerating the process to deliver simulation data within a few hours would enable energy market participants to better mitigate risk and seize trading opportunities. 

"We are moving risk analysis from overnight, to over lunch," said Tom O'Meara, General Manager for Ventyx Energy Portfolio Management. "In a secure, high-performance environment, our solution enables customers to analyze more variables, in more iterations, run more frequently, which ultimately delivers a better understanding of market position and related risks."

With this new solution, Ventyx will move its Planning & Risk solution onto the Windows Azure cloud platform, providing generation companies with a high-end computing environment to analyze their asset portfolio more frequently. Modeling asset portfolios in this way helps customers to improve fuel budgeting, resource planning, transaction evaluation and risk management.

"Managing generation portfolios has never been more complicated than it is today," said Dr. Gary M. Vasey, partner and managing director for commodity technology market advisory firm ComTech Advisory. "Yet, committing the computational resources required to optimize risk analytics is an expensive and time-consuming proposition. Off-loading these complex simulations to 'the cloud' provides numerous potential advantages – allowing companies to perform more frequent analyses without a requisite increase in IT infrastructure spending."

Wipro will deliver the Ventyx risk analytics application as a managed service on Windows Azure, allowing Ventyx customers to pay for the advanced infrastructure on a pay-per-use basis. By taking advantage of the cloud, customers will quickly realize returns through timely and accurate analysis and by lower overall IT costs. Additionally, information is encrypted for off-site processing, an environment as secure as on-site environments.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs