Arundo Analytics Inc and Statoil ASA Enter into Agreement to Establish Data Science / Big Data Based Optimization of Operations



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Arundo has been awarded a contract with Statoil to be the preferred vendor on data science and analytics capabilities. The contract’s intent is to drive substantial operational improvement by leveraging large data sets to enhance asset utilization, reduce maintenance costs, and improve planning and execution.

– “The feedback we are hearing from customers is that they consider Arundo a superior combination: the best of breed of software solutions from Silicon Valley coupled with industry knowledge and competence. Arundo brings Silicon Valley into the industrial space with our open platform solution and unique people,” says Tor Jakob Ramsøy, founder and CEO of Arundo.

– “Statoil is a very important customer for us, and we appreciate this as a sign of trust to Arundo and startups in general. That a leading international corporation chooses a startup over more established incumbents demonstrates courage and willingness to be innovative”says Tor Jakob Ramsøy, Arundo CEO.