Press release
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
About this update from Baker Hughes Company
[{"type":"text","content":"\n\nAugury’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\n\n\nMachine health uses advanced sensors and artificial intelligence-based software to predict and prevent machine failures, driving reliability, efficiency and sustainability for energy and industrials\n\n\nAugury’s technology adds critical capability to Baker Hughes’ broader industrial asset management solutions\n\n\n HOUSTON & NEW YORK--(BUSINESS WIRE)--\nBaker Hughes (NYSE:BKR) 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. Through the alliance, customers will now benefit from end-to-end visibility into the health and performance of their critical assets to balance of plant (BOP) machines, resulting in reduced downtime, increased availability, and lower maintenance costs. Extending Baker Hughes’ APM solutions with Augury’s machine health capabilities will also be important to Baker Hughes’ efforts to accelerate digital transformation and decarbonization in the energy and industrial sectors.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211026005681/en/\nAPM 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.\n\nBaker Hughes currently offers APM solutions built on Bently Ne...