Digiterre’s Rajesh Jethwa is named in the top 30 of the 2023 CIO 100
As in so many industries, cloud technology, with all its inherent benefits, is being adopted by commodity trading organisations. Their tech landscape is definitely changing – and fast! Organisations are switching from on-premise commodity trading and risk management solutions to cloud-based systems.
Recent research from Commodity Technology Advisory and Cloud Computing News shows that cloud-delivered solutions now significantly outsell on-premise solutions for commodity traders. They’re disrupting the industry and will significantly outpace expenditure spent on traditional deployments over the next few years.
The benefits of cloud technology for commodity trading
As costs have risen and trading margins have flatlined, it’s been pretty much inevitable that the benefits of cloud technology would be seized on by the sector, bringing multiple benefits. These include:
So multiple justifications for cloud technology adoption – including functional, regulatory, technical and financial ones – are sweeping the commodity trading landscape – and we expect it to continue!
You can see that cloud technology has enormous potential for the commodities trading and risk management industry. If you have any questions about it or are seeking a partner to assist you harness its opportunities, do get in touch with Digiterre. Digiterre has extensive experience designing and implementing technology solutions across the energy and commodity, banking and insurance and investment management industries. We typically deliver technology solutions requiring business agility, adaptability, innovation and a proven track record in order to solve high risk, high profile and complex technical challenges, very well and very fast.
By: Rajesh Jethwa
Get the latest news and stay up to date