OATI Experts Provide Insight into Today’s Risk Management and Cyber Security for the Energy Industry

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Open Access Technology International, Inc. (OATI) leverages energy industry expertise at the 2016 Energy Risk Summit emphasizing Cloud security and risk management for today’s industry participants.

OATI is excited to shed light on uncertainties that affect bottom lines for the energy industry today.

OATI experts recently participated and spoke at the 2016 Energy Risk Summit to share insight into critical factors facing today’s energy entities. The event, held in Houston, Texas from May 16 – May 19, 2016, included industry professionals and experts from leading companies and organizations.

Attendees learned about today’s risk management from OATI Managing Director of Risk Products, Geoff Anato-Mensah, ERP, during the New Generation of ETRM Systems panel session. Anato-Mensah answered questions regarding the future of risk management; including methods of Monte-Carlo Simulations that estimate probability distribution for financial performances.

“It’s crucial that entities understand the importance of secure systems in conjunction with regular monitoring and quantifying of risks that can affect bottom lines, such as market risks, operational risks, credit risks, and volumetric risks,” said Anato-Mensah. “OATI is excited to shed light on uncertainties that affect bottom lines for the energy industry today.”

OATI Security and Compliance Counsel, Jerrod Montoya, J.D., covered challenges facing the industry during his Security in the Cloud presentation. Montoya discussed the energy industry’s migration towards Software-as-a-Service (SaaS) and shared with participants the importance of cyber security and data risks.

“OATI was founded to support the energy industry,” said Sasan Mokhtari, President and CEO at OATI. “Innovation continues to drive new energy developments and processes. After two decades of service, OATI is proud to continue its commitment to empower participants to stay ahead of changes.”

About OATI

OATI provides innovative software solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. With more than 1,600 customers in North America, OATI successfully deploys large, complicated, and diverse mission-critical applications committed to industry standards and stringent NERC CIP guidelines.

OATI (http://www.oati.com/solutions/energy-trading-risk) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with an office in Redwood City, California. For more information, please contact communications(at)oati(dot)net.

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