Brillio, a global technology consulting and business solutions company focused on digital technologies and Big Data analytics, will invest in and partner with predictive analytics software company Arundo Analytics.
The investment and partnership will allow Santa Clara, Calif.-based Brillio to expand its presence into asset-heavy industries. These industries are an emerging area of focus for Brillio due to the huge potential impact of Big Data analytics in these industries, enabled by the integration of sensors of other Internet of Things (IoT) Technologies and advancements in machine learning. Arundo has a software development team with background in data science and machine learning in Silicon Valley and deep industry experts in Houston and Oslo. IoT and Big Data are close relatives and, to some extent, mutually dependent on each other.
“Arundo’s team of industry veterans and data technologies have developed a set of advanced analytics products, which are relevant across industries such as oil and gas, manufacturing, energy and utilities and transportation,” said Mayank Pant, head of analytics and business venture group at Brillio, in a statement to Rigzone. “Brillio’s investment in and partnership with Arundo will allow us to deliver innovative solutions to these industries which enable cost optimization and reduce asset downtime.”
“Without IoT, you would typically not be able to collect the data in an industrial environment, and without Big Data techniques, it would be hard to monetize IoT,” said Pant.
Brillio’s team of data scientists, Big Data technologists and system integrators is based across the United States, Europe and India. By combining the best of industry specific knowledge and advanced products, with deep experience in Big Data installation, Brillio and Arundo are very much compatible in our joint effort to build great solutions and make them work for their customers, said Pant.
Arundo’s products and services are applicable to both upstream and downstream, onshore and offshore. However, the company is currently putting its main focus on upstream offshore assets, said Tor Jakob Ramsoy, CEO of Arundo, in a statement to Rigzone.
“These are typically very complex, where the value of avoiding even a small failure is huge. By building the product and solutions for the most advanced part of the operations and successfully deploying these in complex environments, Brillio and Arundo will be very well positioned for other parts of the industry.”
The current downturn in oil prices in putting enormous cost pressure on the oil and gas industry; at the same time, the technologies required around IoT, advanced analytics and Big Data are now mature enough to bring into production in harsh and high-risk environments. This creates a natural pull for these technologies to drive efficiency.
“We also see a lot of talk, but very few products and solutions in the market which provide actionable intelligence,” said Ramsov. “Arundo has developed working products and completed pilots for customers.”
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