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Baker Hughes has entered into a multi-year commercial alliance with machine health solution provider Augury.
Baker Hughes has announced an investment in and a multi-year commercial alliance with Augury, a machine health solution provider, to deliver an expanded set of asset performance capabilities, providing connected data, analytics and insights into energy and industrial assets. The alliance builds on Baker Hughes’ existing asset performance management (APM) capabilities and domain expertise in critical industrial assets.
APM solutions aim to improve the reliability and availability of physical assets in some of the world’s most demanding industrial sectors, where APM software can deliver up to a 30% reduction in maintenance costs and up to a 45% reduction in unplanned downtime. Adding Augury’s advanced sensor technology and machine health solutions to Baker Hughes’ APM offering will increase predictive capabilities for customers and can also help lower energy consumption and emissions in the industrial space, which currently consumes 36% of the world’s energy.
Baker Hughes currently offers APM solutions built on Bently Nevada’s System 1 cloud-enabled platform. System 1 provides connectivity to both critical and essential machines, monitoring tens of thousands of machines for more than 1,000 global customers across heavy industrial segments. Augury’s machine health technology will integrate with System 1 and includes advanced sensors, artificial intelligence (AI) diagnostics, and a cloud-based platform. Augury also brings significant domain expertise in BOP, including experience from the pulp and paper, pharmaceuticals, chemicals, and food & beverage industries.
The alliance marks the latest development for the Baker Hughes integrated APM offering and follows the recent acquisition of ARMS Reliability, a global provider of asset strategy and reliability solutions to some of the world’s largest industrial companies. As Baker Hughes expands its APM coverage across customers’ plants, enterprise AI solutions from BakerHughesC3.ai will complement the APM software capability for scaled deployments and deliver predictive insights on larger quantities of operational data. Developing an integrated APM capability, along with emissions management and asset inspection capabilities, is pivotal to Baker Hughes’ industrial energy technology strategy, supporting outcome-based solutions for enhanced industrial asset management.
Baker Hughes will take a minority stake in Augury and will also assume a seat on Augury’s Board of Directors.