Flutura and JAG Group join forces to speed digital ‘AI and IIoT revolution’ into oil and gas market

Flutura, an artificial intelligence (AI) start-up focused on impacting outcomes in the energy, manufacturing and engineering industries, is partnering with the Jerry Allen Group (JAG Resources) in Houston, Texas to accelerate its growth.

The partnership will focus on utilising Flutura’s Cerebra IIoT platform for the benefit of the strategic oil and gas industry.

Given today’s evolving economic landscape, the oil and gas industry has begun looking at next generation digital tools such as AI to transform upstream, midstream and downstream operations. Flutura’s Cerebra allows advanced diagnostic algorithms for equipment health episode detection and provides OEMs the ability to scale value added offerings across varied equipment classes.

“The next generation of competitive advantage in the energy marketplace will go to forward thinking players who invest a lot on digital IoT and artificial intelligence capabilities like Cerebra from Flutura,” said Archie W. Dunham, JAG advisor, chairman emeritus and former independent non-executive chairman of Chesapeake Energy in Oklahoma City and retired chairman of ConocoPhillips. “For upstream, midstream, downstream and the machinery manufacturers the risk of digital inaction is greater than the risk of digital failure. IoT & AI are the future and it is coming.”

Flutura, with its AI-led industrial Internet of Things (IIoT) platform Cerebra, is used by customers such as Henkel, Stewart & Stevenson and Sodexo. The company is backed by venture capital firms Vertex Ventures of Singapore, Lumis Partners of Connecticut and Silicon Valley’s The Hive.

“In the energy industry, we have seen a lot of innovations that gave American companies superior competitive advantage over others. AI capabilities will define the next frontiers in innovation,” said Jerry Allen, chairman of JAG Resources LLC, designated chairman of the Flutura-JAG partnership and a veteran in the energy space.

“We evaluated various solutions in the market and found Flutura’s Cerebra unique in that it is far more advanced than other providers in this space. The next-generation functional features, rapid implementation approach and the ‘scale-as-you-go’ pricing model are game changers in today’s world of reduced barrel prices.”

JAG Resources LLC, based in Houston, the energy capital of the world, boasts a wide array of esteemed leaders in the energy space as its core advisors. JAG counts Archie Dunham, Gordon Bethune, former CEO of Continental Airlines and board member at Sprint and Honeywell, Duane Wilson, ex-VP RMS&T ConocoPhilips among other industry luminaries listed on its roles.

“JAG brings extensive knowledge of the energy industry,” said Krishnan Raman, CEO of Flutura. “Cerebra was envisioned and developed as a revolutionary AI led IIoT platform. Leveraging the power of Cerebra in concert with the extensive and broad-based industrial experience of JAG, will create a strong and game changing solution to enable the inevitable digital transformations on the horizon for energy companies.”

Comment on this article below or via Twitter: @IoTNow OR @jcIoTnow


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

Actility and Helium Network announce roaming integration to scale IoT coverage

Posted on: October 18, 2021

Actility, the provider of IoT connectivity solutions and LPWA technology, and Helium have launched a roaming integration partnership, unlocking affordable and ubiquitous coverage for millions of IoT devices.

Read more

Future of data integration: 2022 and beyond

Posted on: October 18, 2021

Traditional methods including manual creation of scripts, scrubbing the data, and later loading it into a data warehouse or ETL, (extract-transform-load) was used to integrate data from different sources. These methods were adopted in the era of resource constraints and have now become very time-intensive, expensive, and error-prone, says Yash Mehta, an IoT and big

Read more