Thomas M. Siebel Presents at Baker Hughes Distinguished Lecture Series

C3
Energy Chairman and CEO Thomas M. Siebel was the featured speaker at
the Baker Hughes Distinguished Lecture Series last week in Houston.
Speaking to Baker Hughes employees, Siebel shared his vision of the
technological revolution now taking place across the energy industry and
how oil and gas companies can benefit from the “Internet of Energy.”

“The oil and gas industry is expected to invest more than $230 billion
in Internet of Things (IoT) technologies in the next five years,
resulting in fully sensored networks that produce an unprecedented
amount of data,” said Siebel. “With machine learning and big data
analytics, the Internet of Energy will enable companies to harness this
data to improve all aspects of their operations – from exploration and
production to refining and retail.”

During his presentation, Siebel explained how deploying industrial-scale
cyber physical applications in the oil and gas markets will optimize the
value chain of energy exploration, production, delivery, and
consumption, enabling increased efficiency, reduced operating expenses,
increased revenue, and lower environmental impact. He also outlined how
C3 Energy is providing solutions that enable predictive maintenance for
oil production assets, assess drilling risk, optimize well placement,
and improve capital investment planning, production optimization, and
demand forecasting.

“We attempt to create value for our employees by bringing in new
perspectives on disruptive innovations and cutting-edge research through
the Distinguished Lecture Series,” said Sammy Haroon, Director, Palo
Alto Innovation Center at Baker Hughes. “Thomas Siebel was the ideal
candidate for our discussion because of his unique technology background
and proven market successes. He applies advanced Information Technology
of big data, analytics and machine learning in the oil and gas sector
and connects them to all the phases of the industry, creating a value
chain that will provide significant productivity improvements and impact
the top line.”

The Baker Hughes Distinguished Lecture Series is an event held multiple
times a year to help the company’s employees gain practical knowledge
and learn about breakthrough innovations with crossover applications in
the energy sector.

About C3 Energy

C3 Energy enables energy companies to realize the full benefit of their
IoT and system investments. C3 Energy applies the power of big data,
advanced analytics, social networking, machine learning, and cloud
computing to improve the safety, reliability, and efficiency of power
generation and delivery. It is transforming the energy value chain with
a family of tested and proven SaaS applications built upon C3
CyberPhysix™, its comprehensive design, development, provisioning, and
operating platform for deploying industrial-scale cyber physical
applications for the energy industry. C3 Energy delivers end-to-end
solutions across the power and oil and gas value chains. We make the
Internet of Energy a reality. Learn more at www.C3energy.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151014006714/en/

News by QuoteMedia

www.quotemedia.com