Industrial artificial intelligence (AI) software company Cognite and engineering company Wood formed a strategic partnership to create AI solutions for heavy-asset, infrastructure, and industrial clients.
The collaboration will combine Cognite’s Data Fusion product with Wood’s multisector domain knowledge, data extraction, and technology integration expertise. Data will be transformed from siloed raw information into real-time digital insights to guide business and operational decisions.
The companies said they are committed to deploying performance solutions for the energy transition, which would allow for more understanding of assets and operations, and free up data trapped in fragmented and legacy systems.
Mark House, Wood president of automation and control, said the companies will leverage physics-based models and AI to provide faster analytics.