OSLO, Norway: Acteon Group, an integrated global provider of subsea services, and Arundo Analytics, a software company enabling advanced analytics in heavy industry, today announce a partnership to deliver machine learning models for subsea applications on the Arundo Enterprise platform.
Core to Acteon's business is using its deep domain expertise in subsea equipment monitoring, data analysis and engineering insight to support customers with their engineering and cost challenges – both current and future – by providing efficiency-driven solutions.
Using its industry insight and subsea expertise, Acteon, will work with Arundo as one of its preferred partners to develop high-value advanced analytics for its operating companies. With this, it will be used to support its global customer base, using tools including machine learning and artifical intelligence to help reach Acteon's ambition of reducing the cost of asset ownership by 30%.
Paul Alcock, EVP of Acteon Group, said: “We have a range of service lines focussed on data capture and interpretation across all stages of the field life cycle. The aim of this partnership with Arundo Analytics is to align our digital solutions with advanced analytics to deliver operational efficiency increases to our clients through improved data insight.
“The practical application of digital tools to deliver real results is vital in the modern energy industry, and the alignment of Acteon's expertise with a powerful analytical platform will deliver reduced risk and efficiency gains for customers through the ability to predict repairs and costs, respond faster and provide clear, globally available information."
Cody Falcon, VP Product at Arundo, added: “The Arundo Enterprise platform's ability to rapidly deploy and manage machine learning models at extreme scale across multiple businesses and clients is a key advantage for Acteon as it seeks to quickly deliver value from advanced analytics to its customers.”