Oil and gas businesses operating in the downstream retail segment of the industry risk demise if the needed attention is not paid to market data management, according to Energy360 Africa Limited.
The company stressed that proper market data management will not only help to boost the returns and growth of downstream players, but will also check possible leakages or losses that can occur in the system. The Chief Executive Officer, e360 Africa, Abayomi Elebute, said this while making a presentation to some players in the downstream space.
In the second ecosystem event tagged ‘Fuel Meets Tech’ e360 Africa unveiled its first station analytics platform in this part of the world. He said that with Energy 360 suite of solutions, station owners can remotely monitor stock levels in all their stations, remotely change/update product prices, monitor product integrity in their tanks and track sales.
For station managers, he said it affords them a one source of truth to make more informed business decisions – from as little as deciding the best time of day/week for preventive maintenance checks, to as critical a decision as price fixing. The company’s sole mission, the e360 Africa boss said, was to make the power of data analytics available to station owners and managers.
Source: The Guardian