Baker Hughes Collaborates With C3 AI, Accenture and Microsoft on Industrial Asset Management Solutions
March 22 2022 - 7:00AM
Business Wire
Energy technology company Baker Hughes (NASDAQ: BKR) is
collaborating with C3 AI (NYSE: AI), Accenture (NYSE: ACN) and
Microsoft on industrial asset management (IAM) solutions for
clients in the energy and industrial sectors.
The collaboration will focus on creating and deploying Baker
Hughes IAM solutions that use digital technologies to help improve
the safety, efficiency, and emissions profile of industrial
machines, field equipment, and other physical assets. Applying
their individual strengths, the four companies will collaborate on
Baker Hughes IAM capabilities that help optimize plant equipment,
operational processes, and business operations through improved
uptime, increased operational flexibility, capital planning, and
energy efficiency management.
The solutions will be designed for industries including oil and
gas; renewable energy and thermal power generation; metals and
mining; chemicals; and pulp and paper.
Baker Hughes, C3 AI, Accenture and Microsoft will also explore
collaborating on solutions that help achieve net-zero carbon
emissions and decarbonize energy and industrial sectors, including
emissions management.
“This collaboration accelerates our growth strategy to provide
differentiated IAM solutions that enhance our customer’s industrial
operations by optimizing the performance of industrial equipment
and processes,” said Lorenzo Simonelli, Baker Hughes chairman and
CEO. “IAM connects industrial data to domain-specific insights for
improved efficiencies and lowered energy use and emissions. We see
this as an important step to support the industry’s net-zero
targets.”
Baker Hughes, C3 AI, Accenture and Microsoft have a history of
strategic collaboration, and each company brings specific expertise
to accelerate IAM solution development for energy and industrial
applications. Baker Hughes will provide domain-specific digital
expertise and technology for industrial customers, including
leading condition-monitoring software for mission critical
machinery, industrial asset strategy advisors, proven machine and
equipment edge sensor and related controls capabilities, enterprise
AI capabilities from the BakerHughesC3.ai alliance for oil and gas
and industrial applications, and proprietary original equipment
manufacturer (OEM) analytics. Baker Hughes’ IAM portfolio also
includes the recent acquisition of ARMS Reliability and a strategic
alliance with Augury.
C3 AI will provide a flexible artificial intelligence (AI)
application development platform that complements Baker Hughes
technologies as well as extensive experience developing and
deploying applications at scale for a wide range of equipment used
across industries.
Accenture will help drive product innovation, design and
development and provide strategic support and systems integration
at scale, drawing on its experience to transform asset management
across industries to help improve profitability and reduce
risk.
Microsoft will provide secure cloud infrastructure for big data,
advanced Microsoft Azure services including AI, Internet of Things
(IoT), high performance computing (HPC) as well as modern work and
business applications.
“This is an important effort, and we’re excited to participate
in providing the core Enterprise AI technology,” said C3 AI
Chairman and CEO Thomas M. Siebel. “Enterprise AI software is
critical for increasing performance and ROI from industrial assets
management solutions.”
“Through this unique collaboration, we are helping companies
embed intelligence across their operations to increase performance
and safety, advance decarbonization goals, and drive greater
innovation and competitiveness,” said Julie Sweet, chair and CEO of
Accenture.
“Together, we have a tremendous opportunity to deliver
cloud-based technologies across customers’ industrial operations
that enable them to reduce costs and increase efficiencies while
advancing their net zero goals,” said Judson Althoff, Microsoft’s
executive vice president and Chief Commercial Officer.
About Baker Hughes
Baker Hughes (NYSE: BKR) is an energy technology company that
provides solutions to energy and industrial customers worldwide.
Built on a century of experience and with operations in over 120
countries, our innovative technologies and services are taking
energy forward – making it safer, cleaner, and more efficient for
people and the planet. Visit us at bakerhughes.com.
About C3.ai, Inc.
C3 AI is the Enterprise AI application software company. C3 AI
delivers a family of fully integrated products including the C3 AI
Suite, an end-to-end platform for developing, deploying, and
operating enterprise AI applications and C3 AI Applications, a
portfolio of industry-specific SaaS enterprise AI applications that
enable the digital transformation of organizations globally.
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Interactive, Technology and
Operations services — all powered by the world’s largest network of
Advanced Technology and Intelligent Operations centers. Our 699,000
people deliver on the promise of technology and human ingenuity
every day, serving clients in more than 120 countries. We embrace
the power of change to create value and shared success for our
clients, people, shareholders, partners and communities. Visit us
at accenture.com.
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Media Relations
For Baker Hughes: Ashley Nelson +1 925 316 9196
Ashley.Nelson1@bakerhughes.com
For C3 AI: Edelman Lisa Kennedy 415-914-8336 pr@c3.ai
For Accenture: Guy Cantwell Accenture +1 281 900 9089
guy.cantwell@accenture.com
Investor Relations
For Baker Hughes: Jud Bailey +1-281-809-9088
investor.relations@bakerhughes.com
For C3 AI ir@c3.ai
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