energytechreview

| | NOVEMBER 20209E ERGYTech ReviewWhen asked if they would be interested in outsourcing their AI operations, including monitoring, maintaining, or optimising their equipment and processes, over half (52 percent) said yes.A New Approach to Ecosystem Partnerships Respondents also stated that they are looking to partner in their digital journey. We are undoubtedly seeing more organisations looking at forming more innovative and value-creating partnerships in their respective ecosystems. We, at Baker Hughes, are taking the same approach to help our customers move faster to capture the value of AI, forming BakerHughesC3.ai, our own joint venture agreement together with C3.ai in June 2019.More recently, in November 2019, Baker Hughes and C3.ai announced an alliance to work with Microsoft, bringing BakerHughesC3.ai enterprise AI solutions to the energy industry on Microsoft Azure, the industry-leading cloud computing platform. With a singular offering that can accelerate digital transformation across the sector, energy businesses can now draw on the power of Microsoft's cloud, C3.ai's leading AI capabilities and Baker Hughes's expertise in the energy industry.As energy businesses find ways to leverage expertise and deploy the right technologies, security, scale and a focus on outcomes is the key, whether the target is inventory optimisation, predictive maintenance, equipment reliability, or other bespoke use cases.Transforming More than the TechnologyScaling digital is not only about technology, it's also about embedding necessary behavioural, cultural, and operational changes as well as developing new ways of working to drive business value. Although there are many considerations for being successful at scaling digital, some key guidelines to follow when implementing a digital transformation initiative include:· Partnering with companies who are familiar with your industry, understand your business objectives and know how to measure project success.· Identifying high-value use cases that will reap results within weeks and months, not years.· Using off-the-shelf SaaS solutions whenever possible--focus on the business case, not the foundations.\· If building custom solutions, take a model-driven approach to accelerate speed to value and allow data scientists to immediately focus on functional performance.Scaling digital can be challenging but offers significant value for those who can rise to the challenges and seize the opportunities. For the companies that hit that mark, these opportunities are absolutely unprecedented. Sak NayagamScaling digital is not only about technology, it's also about embedding necessary behavioural, cultural, and operational changes as well as developing new ways of working to drive business value
< Page 8 | Page 10 >