Tech Startup Volatix to Develop Cloud-Based Analytics for Energy Sector

DALLAS, March 12, 2014 /PRNewswire/ -- Volatix CTO and President Evan Cox is excited to announce that the Dallas-based technology company is developing a new generation of energy analytics technology specifically designed for the quickly changing energy markets. The debut product currently under development means to take advantage of the recent flood of data that has amassed as a result of improvements in data collection and storage technology. Volatix utilizes advancements in cloud technology to connect users to big data, but is designed to convert this data into a manageable form that is specific to the user's needs. "Essentially, Volatix uses the cloud to access limitless amounts of data, and then translates that data into actionable intelligence for our users," said Cox.

Formerly the CTO of Allegro Development, a leading provider of Energy Trading and Risk Management (ETRM) software, Cox has proven he can effectively utilize over 15 years of experience, and deliver world-class software solutions to global energy markets. Maintaining such a proactive role within this space has afforded Cox a deep understanding of energy's technology landscape, its limitations as well as its opportunities. Speaking about one such opportunity Cox says, "Energy analytics software has made such a significant impact on the energy industry, but with all of the exciting advances in today's technology Volatix can finally take energy another step forward, and introduce innovation equally as disruptive."

Energy analytics technology evolved from the idea of predictive analytics, which uses a variety of statistical techniques to generate predictions about future unknowns. The use of predictive analytics has recently gained a great deal of traction in other industries due to dramatic advances in cloud technology and computing power. "We have witnessed the substantial impact these technologies [predictive analytics] have had on a wide range of other industries and I am excited to be creating a new generation of cloud-based analytics for energy markets," said Cox.

Further information on Volatix and the upcoming release can be found at www.volatix.com

Press Contact: Patrick Smyth
Volatix LLC
Phone: 214.432.6281
[email protected]

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SOURCE Volatix LLC