Digitalization is all about leveraging digital technologies that will be an enabler and improve processes. Baker Hughes’ Subsea Connect business model looks at the offshore field holistically, designed to help accelerate time to production, maximize recovery over the life of the field and reduce their total expenditures, aiming to lower the cost of subsea projects by an average of 30%. Subsea Connect aims to connect, horizontally and vertically, the entire subsea development process.
Data in and of itself has little value, a problem exacerbated by the oceans of data currently being collected and disseminated. Baker Hughes have a way to connect and display the data, to run trends on the data, and ultimately to provide salient advice to the end customer on actions they can take to their financial benefit. With EngageSubsea Baker Hughes can help to decipher the data, leverage our condition monitoring platform and determine the kinds of information we need to be able to connect, display and run trends analyses. While gaining actionable intelligence from data and cutting costs may seem logical enough, it is never easy as it appears, as companies in the field can be fiercely protective of their data.