With energy markets changing dramatically over the past 12 months, firms have had to adapt their technology systems for new market realities. Here, Energy Risk celebrates those software venders who have helped the industry evolve with the challenges and opportunities in the market, in the Energy Risk Software Rankings 2017.
This year’s rankings are as illuminating as ever, and point to the progress of a number of growing players as well as highlighting a competitive edge among those more established in the market. In Best overall ETRM platform, FIS moved from third position in 2016 to lead the field this year, while pulling ahead in a variety of other categories. In the data providers and management sections, S&P performed well across the board, as did Drillinginfo and other well-established providers who have clearly focused on staying ahead of the game.
Among the compliance tool vendors a number of changes occurred from last year, and in the implementation specialists section Sapient and Accenture both performed well.
The Energy Risk Software Rankings were conducted in tandem with the 2017 C/ETRM software survey.
To compile the Software Rankings, respondents were asked to vote for their preferred software vendor, implementation specialist, data management firm and data provider in a variety of categories. All votes were carefully checked and invalid votes stripped out. Examples of votes considered invalid are people voting for their own firm or using a free internet-based email address, multiple votes from the same person or IP address, and voters who chose the same firm indiscriminately throughout the survey. Following closure of the poll, the results are subject to an internal review process, which can result in categories being dropped or aggregated if they do not have enough votes.
The results were then analysed and validated by Chartis Research using its RiskTech Quadrant methodology. This methodology has been developed specifically for the risk technology marketplace and takes into account vendors’ product, technology and organisational capabilities using a variety of sources including evaluation forms, vendor briefings, end-user feedback and publicly available information.