Baker Hughes Company – Digital Transformation Strategies
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Baker Hughes Company Digital Transformation Strategies Report Overview
Baker Hughes is tapping into the power of key emerging technologies to enhance its operational efficiency and develop advanced digital products. AI, big data, IoT, and cloud are among the key technologies under focus for the company. The annual ICT spending of Baker Hughes is estimated at $246.4 million for 2023. A major share of this spending earmarked for software, ICT services, and hardware. Baker Hughes Company (Baker Hughes) is an energy technology company that provides technologies and solutions to the energy and industrial markets. The company has two segments namely Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE has four product lines namely Well Construction, Production Solutions, Subsea & Surface Pressure Systems, and Completions, Intervention, & Measurements. OFSE’s products help customers to easily understand the subsurface and accelerate drilling operations. The IET segment offers a wide range of technologies and services to several energy and industrial markets, including LNG, refining, pipeline and gas storage, aviation, utilities, and mining, among others. IET’s solutions help customers to transform, transfer, and transport energy efficiently. Baker Hughes operates in more than 120 countries across the world.
Total ICT Spending 2023 | $246.4 million |
ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
Technology Theme Focus | AI, big data, IoT, and cloud are among the key technologies |
The Baker Hughes Company Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, investments, acquisitions and ICT spending.
Digital Transformation Strategies
The Turbomachinery & Process Solutions (TPS) business division of Baker Hughes deployed an IIoT solution across all its plants in Italy. The solution gathers data from all manufacturing machines and devices to provide engineers and operators with greater visibility into the manufacturing processes and the ability to adjust production in real-time.
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Baker Hughes Technology Theme Focus
Baker Hughes is tapping into the power of key emerging technologies to enhance its operational efficiency and develop advanced digital products. AI, big data, IoT, and cloud are among the key technologies under focus for the company.
Baker Hughes Technology Focus
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Baker Hughes Technology Initiatives
Baker Hughes has been involved in several strategic technology partnerships and collaborations, technology roll outs, investments and acquisitions over the past few years. For instance, in 2023, the company partnered with AWS for developing an automated field production solution.
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Baker Hughes ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Baker Hughes ICT Spend by Function, 2023(%)
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Baker Hughes ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Baker Hughes ICT Spend by Channel, 2023(%)
Buy Full Report for More Insights on ICT Spending by Channel
Baker Hughes External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Baker Hughes External ICT Spend by Segment, 2023 (%)
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Scope
This report provides:
- Insight into Baker Hughes’ technology activities.
- Overview of technology initiatives covering partnerships, technology introductions, investments and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Baker Hughes’ technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, technology introductions, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Baker Hughes in 2023?
The annual ICT spending of Baker Hughes was estimated at $246.4 million in 2023.
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Which was the leading ICT spending category by function for Baker Hughes?
Network was the leading ICT spending category by function for Baker Hughes in 2023.
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Which was the leading ICT spending category by channel for Baker Hughes?
Internal development and maintenance was the leading ICT spending category by channel for Baker Hughes in 2023.
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Which was the leading ICT spending category by segment for Baker Hughes?
Software (including cloud SaaS) was the leading ICT spending category by segment for Baker Hughes in 2023.
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What are the key technology themes in focus for Baker Hughes?
The key technological theme in focus for Baker Hughes are AI, big data, cloud, cybersecurity, Internet of Things, 3D printing, Virtual & mixed reality, and robotics.
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