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The Digital Solutions business (DS) combines sophisticated hardware technologies with enterprise-class software products and analytics to connect industrial assets, providing customers with the data, safety and security needed to reliably and efficiently improve operations.

The DS portfolio includes Measurement and Controls technologies such as condition monitoring, measurement and sensing, inspection and process and pipeline services for industries including oil and gas, power, aviation and transportation. We also offer purpose-built software solutions that deliver intelligent, fullstream insights for oil and gas businesses.

POSITIONED TO WIN

Last year, the DS business continued to gain market traction with substantial order growth, despite the ongoing market challenges. We are seeing early signs of recovery in oil and gas, aviation and automation, but demand for DS products in power generation remains muted.

Digital adoption across the oil and gas industry is accelerating, with leading companies deploying software to simplify operations and capture their share of the up to $1 trillion of economic value at stake through digitalization for oil and gas firms by 2025.*

We are focused on growing both our hardware and software businesses. We are intensifying our commercial efforts to expand our presence across our product lines and grow our differentiated software offerings. Our asset performance management application, for instance, connects disparate data sources and uses advanced analytics to optimize maintenance costs, mitigate operational risks and reduce total cost of ownership. Our IntelliStreamâ„¢ software package delivers enhanced productivity and reduces operational complexity with features such as scenario analysis; stress, torque, load and pattern identification; lost production heat mapping; and well and equipment health monitoring.

The demand for digital products and solutions is surging. With the combination of deep hardware and software capabilities, DS is well positioned for growth.

* Digital Transformation Initiative: Oil and Gas Industry, World Economic Forum, January 2017 http://reports. weforum.org/digital-transformation/wp-content/blogs. dir/94/mp/files/pages/files/dti-oil-and-gas-industrywhite- paper.pdf

PRODUCT AND SERVICE PORTFOLIO

  • Measurement and Sensing

  • Controls

  • Condition Monitoring

  • Inspection Technologies

  • Software

  • Process and Pipeline Services

2017 Highlights

  • Despite a challenging thermal power market, DS secured a 20-year service agreement with our customer in North Africa. The agreement included Bently Nevada™ vibration monitoring equipment and optimization of our existing Mark VIe ControlsT™ platform.

  • Helping Shell Make Smarter Decisions with Software

    JewelSuite™, a reservoir and well modeling platform jointly developed with Shell, accelerates field development planning and reduces risk by connecting data and workflows from geological and geomechanical modeling to reservoir simulation. Shell has also created and is deploying PetroSigns, an enterprise application built on JewelSuite that provides asset teams with a fully integrated system from static to dynamic reservoir modeling.


    Image caption: JewelSuite geomechanical model of an area in the deepwater Gulf of Mexico.

  • We completed the first field installation of our IntelliStream optimization software. with a North-America based customer. In this case, the application successfully identified pressure problems in real time, enabling the customer to correct the issue in two hours versus the average three days, resulting in time and cost savings.