StarWiz Technology Co., Ltd. manufactures optical and radar imaging satellites and utilizes machine learning algorithms to analyze high-resolution satellite data for accurate oil storage assessments. Their reports provide independent insights into crude oil inventory levels, enhancing decision-making for financial businesses engaged in energy trading.
Funding
Funding not disclosed
Founders
Product
Problem
Financial businesses engaged in energy trading lack independent, high-frequency data on crude oil inventories, hindering accurate market assessments and timely decision-making. Existing data sources may be infrequent, delayed, or subject to biases, creating opportunities for those with access to more granular, real-time information.
Solution
StarWiz Technology provides weekly reports on crude oil inventory levels at key delivery facilities, derived from high-resolution optical and radar satellite imagery. Using proprietary machine-learning algorithms, StarWiz analyzes satellite data to calculate oil storage volumes for each tank, independent of government or market sources. The reports offer insights into critical economic indicators, enabling financial businesses to gain a competitive edge in energy trading. The methodology incorporates radiation correction, cloud assessment, image registration, and feature extraction, along with solar and satellite parameters, to achieve high accuracy.
Target Audience
The primary customers are financial businesses involved in energy trading, including hedge funds, investment banks, and commodity trading firms.
Features
- High-resolution optical and radar satellite imagery analysis
- Proprietary machine-learning algorithms for oil storage calculation
- Patented method using remote sensing data to determine tank volumes
- Weekly reports on crude oil inventory levels at key delivery facilities
- Data processing steps including radiation correction, cloud assessment, and image registration
- Integration of solar and satellite parameters for enhanced accuracy
- Independent data source, unbiased by government or market influences