Baker Hughes and Augury Announce Alliance to Add Machine Health Capability to Baker Hughes Asset Performance Portfolio
- Augury’s machine health technology will further build out Baker Hughes’ integrated asset performance capability, expanding coverage from critical assets to balance of plant machines in the energy and industrial markets
- Machine health uses advanced sensors and artificial intelligence-based software to predict and prevent machine failures, driving reliability, efficiency and sustainability for energy and industrials
- Augury’s technology adds critical capability to Baker Hughes’ broader industrial asset management solutions
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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. The APM market is expected to grow at a compound annual growth rate of 10.1%, according to the APM Market Global Forecast to 20261.
Baker Hughes currently offers APM solutions built on Bently Nevada’s System 1 cloud-enabled platform.
“This alliance is a critical addition to our industrial asset management capabilities as we continue to strategically invest for growth by delivering integrated APM solutions for our energy and industrial customers.” said
“Our vision is to build a world where people can always rely on the machines that matter,” said
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.
About Baker Hughes
Augury’s mission is to build a world where people can always rely on the machines that matter, by providing our customers with superior insights into the health and performance of the machines they use to make products, deliver services and improve lives. To learn more, visit Augury.com.
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Source: Baker Hughes