Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration
November 11 2021 - 7:00AM
Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball
Corporation (NYSE: BLL) announced today that they have signed
an agreement between the two organisations to accelerate the
development of advanced analytics for energy
markets.
The collaboration will bring together data from the world’s
largest private network of in-field monitors - owned by Wood
Mackenzie – with satellite data analytics from Ball Aerospace, a
business of Ball Corporation, to offer customers a near real-time
view of the natural resources sector.
Devin Geoghegan, VP of Innovation and Head of the Innovation
& Analytics Lab at Wood Mackenzie, said: “Combining Ball’s
geospatial capabilities with Wood Mackenzie’s deep domain energy
expertise will provide our customers with near real-time satellite
data analytics. Our respective customers increasingly expect and
demand access to higher-frequency data, which allows them to track
daily developments that affect the short- to medium-term outlooks
for commodity markets. In partnership with Ball, we plan to develop
a suite of market-leading datasets and analytics products that will
provide significant additional value for customers.”
Steve Smith, vice president and general manager, Systems
Engineering Solutions, Ball Aerospace said: “Satellite data
analytics and domain knowledge have traditionally been separate in
our industry. This collaboration with the team at Wood Mackenzie
offers an opportunity to extend our expertise in remote sensing and
data analytics to new applications. We are excited about the
potential benefits for our customers.”
With more than 60 years of experience in remote sensing, data
processing and intelligence, Ball Aerospace has spent the last
eight years using cutting-edge satellite data analytics
and intelligence capabilities to monitor physical world activity
within the natural resources sector through Ball’s
commercial-facing analytics business.
Wood Mackenzie operates the world’s largest private network of
in-field monitors and distributes industry-leading alternative
energy data, delivering market intelligence across the commodity
and energy spectrum, including power, oil, natural gas, natural gas
liquids, agriculture, biofuels, and maritime freight.
- Ends -
Notes to editor:
For further information, please contact:Anthea Pitt
+44 330 124 9436 anthea.pitt@woodmac.com
Media contact: Joanna Climer, (303) 939-7041, jclimer@ball.com;
Investor Relations: Ann Scott, (303) 460-3537, ascott@ball.com
About Ball CorporationBall Corporation (NYSE: BLL)
supplies innovative, sustainable aluminum packaging solutions for
beverage, personal care and household products customers, as well
as aerospace and other technologies and services primarily for the
U.S. government. Ball Corporation and its subsidiaries employ
21,500 people worldwide and reported 2020 net sales of $11.8
billion. For more information, visit www.ball.com, or connect
with us on Facebook or Twitter.
About Wood MackenzieWood Mackenzie, a Verisk Analytics
business, is a trusted source of commercial intelligence for the
world's natural resources sector. We empower clients to make better
strategic decisions, providing objective analysis and advice on
assets, companies and markets. For more information, visit:
www.woodmac.com or follow us on Twitter @WoodMackenzieWOOD
MACKENZIE is a trademark of Wood Mackenzie Limited and is the
subject of trademark registrations and/or applications in the
European Community, the USA and other countries around the
world.
About Verisk Verisk (Nasdaq:VRSK) provides
predictive analytics and decision support solutions to customers in
the insurance, energy and specialized markets, and financial
services industries. More than 70 percent of the FORTUNE 100 relies
on the company’s advanced technologies to manage risks, make better
decisions and improve operating efficiency. The company’s analytic
solutions address insurance underwriting and claims, fraud,
regulatory compliance, natural resources, catastrophes, economic
forecasting, geopolitical risks, as well as environmental, social
and governance (ESG) matters. Celebrating its
50th anniversary, the company continues to make the world
better, safer and stronger, and fosters an inclusive and
diverse culture where all team members
feel they belong. With more than 100 offices in nearly 35
countries, Verisk consistently earns certification by Great
Place to Work. For
more: Verisk.com, LinkedIn, Twitter, Facebook and YouTube.
Anthea Pitt
+44 330 124 9436
anthea.pitt@woodmac.com
Media contact: Joanna Climer, (303) 939-7041, jclimer@ball.com; Investor Relations: Ann Scott, (303) 460-3537, ascott@ball.com
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