The GE-Baker Hughes merger could expand the adoption of digital technology in the oil and gas industry. The use of digital technology in the oil and gas company could be further expanded with the announced merger of General Electric’s (GE) oil and gas division with oilfield service company Baker Hughes . Under the merger, the “new” Baker Hughes will become a GE company and a “fullstream digital industrial services company,” according to a Baker Hughes’ Oct. 31 press statement. Evercore ISI suspects the merger will provide GE a means of promoting the widespread adoption of its industrial internet platform Predix, a focus of GE’s long-term strategy, Evercore Analyst James West stated in an Oct. 31 research note. West told Rigzone that the oil and gas industry is still in the early days of discovering the value of digitalization and unlocking the power of Big Data. However, West said he […]