Digital Transformation at Baker Hughes: The impact on Innovation and Operational Excellence

The extended low price environment and increased drilling volumes associated with unconventional hydrocarbon extraction has put an increased focus on cost in the oil and gas industry. The industry has used up its  cost reduction approaches with significant reduction in headcount and capital spending. To survive companies now need to look closely at their operational processes with a focus on delivering Operational Excellence across the enterprise.

The increasing amount of available data related to operational processes is powering the digital transformation that is sweeping across industries, including oil and gas. New tools like real-time analytics and edge computing give the industry a much deeper understanding of how its operations function and a better view of the complete value chain of activities and how they interrelate.

In this exclusive interview, Rustom Mody – Vice President of Technical Excellence at Baker Hughes - provides useful insights into how disruptive technologies can help oil and gas companies transform their processes, reduce operating costs and improve collaboration among relevant stakeholders.