ATLANTA, June 6, 2019 /PRNewswire/ -- Honeywell
(NYSE: HON) today announced it launched a new category of
software, Enterprise Performance Management for Operations
Technology, that will improve the way a variety of companies
collect, analyze and act on data from their operations. The
software solution, called Honeywell Forge, will leverage the
company's more than 100 years of expertise in asset and process
control technology and will transform the way work gets done by
owners and operators of buildings, airlines, industrial facilities
and other critical assets and infrastructure.
Honeywell Forge converts massive quantities of data from
equipment, processes and people into intuitive, actionable insights
that enable monitoring of enterprise operations from a single
screen. In turn, this helps customers optimize the efficiency,
effectiveness and safety of their business.
Honeywell Forge is designed to be quick and cost-effective to
implement, with a hardware- and software-agnostic approach that
allows for use of existing systems. Honeywell Forge leverages
predictive analytics to help identify maintenance issues before
they happen; enable workers to be more productive, proficient and
safe; reduce costs; and increase productivity. The company is
developing Honeywell Forge to incorporate the latest cybersecurity
protections.
"Large enterprises around the world consistently lack
top-to-bottom visibility into how their operations are performing,
and most lack the ability to derive business intelligence from
their disparate data sources. Their existing systems are disjointed
and have shortcomings that slow growth and cut into profitability,"
said Que Dallara, president and chief executive officer of
Honeywell Connected Enterprise. "Honeywell Forge can provide
leaders of complex businesses with the visibility they need to
transform their operations quickly and efficiently, at every level
and with minimum disruption, enabling users to focus resources on
innovation and achieving business objectives."
According to a recent Honeywell survey1, more than 80
percent of C-suite executives and senior decision makers believe it
is important to implement a holistic solution as companies look to
digitize and better connect their operations. The same survey shows
key decision makers believe better enterprise management will offer
superior predictive information, leading to safer and more secure
facilities, enhanced efficiency and profitability in the supply
chain, more efficient use of resources, and better real-time
decision making to avoid downtime. Honeywell Forge offers these
advantages and more to customers looking for quick adoption and
fast payback.
More Efficient Building Management – Available Now
Honeywell announced the wide availability this week of Honeywell
Forge for Buildings, which is intended to revolutionize the
management of building portfolios by helping business owners and
operators decrease operating expenses, improve energy consumption
and manage space optimization across an entire building portfolio
while also enhancing the individual occupant experience.
"Buildings house incredible and powerful data on the performance
and usage of the building; however, if that data is difficult to
access, interpret or use for meaningful insights, it doesn't help
drive a customer's business. We are transforming building
operations via enterprise software that allows owners and operators
to get more out of their building data in order to drive
significant business results," said David
Trice, vice president and general manager, Honeywell
Connected Enterprise, Buildings. "Honeywell Forge for Buildings is
open, extensible, intelligent and easy to use. You can turn on a
building in a day or less and review the operations of a building
from anywhere – including your favorite coffee shop."
Currently, many building portfolio owners have multiple
disconnected systems in each building. Often these systems do not
communicate with and are not compatible with each other, leading to
manual maintenance, data trapped in proprietary systems,
disconnected teams and systems, over- or underutilized space, and
poor occupant experience. More than 90 percent of building
management decision makers surveyed1 agree that a better
enterprise management system can help improve resource management,
avoid unplanned downtime and provide enhanced predictive
information to make facilities safer and more secure.
When fully deployed, Honeywell Forge for Buildings aims to help
reduce the operating expense of a building portfolio by up to 25
percent by providing visibility, monitoring and control of all
building systems and processes across an entire portfolio of
buildings.
"With more than 50 buildings in our global property portfolio,
implementing next-generation building management systems enables us
to make sound strategic decisions that will deliver improved
capacity and space management, more agility and increased energy
efficiency," said Martin Frohock,
head of facilities UK & EMEA, Arm, a multi-national
semiconductor and software design company. "Honeywell Forge for
Buildings easily integrates with other systems and allows us to
gauge performance across the entire enterprise at any given time
from a central location."
Honeywell Forge to Transform a Variety of Industries
The family of Honeywell Forge offerings will continue to expand
across a wide range of sectors over the coming months:
- Honeywell Forge for Industrials (launching in June) monitors
process performance and leverages digital twins to help optimize
production and increase throughput;
- Honeywell Forge for Airlines (launching in June) provides
insights and analytics to help save airlines money;
- Honeywell Forge for Inspection Rounds (launching in June)
digitizes the deskless worker and helps improve efficiency,
productivity and compliance; and
- Honeywell Forge Cybersecurity (launching in the fourth quarter)
helps protect critical operations from ever-evolving cyber
threats.
For more information on Honeywell Forge, visit
https://hwll.co/HoneywellForge.
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. For more news and
information on Honeywell, please visit
www.honeywell.com/newsroom.
1 In April 2019 on
behalf of Honeywell, KRC Research surveyed 600 U.S. business
professionals in senior roles that make decisions related to IIoT
purchasing and investment in the following industries: aerospace
and defense; non-residential buildings / city management; specialty
chemicals; supply chain, logistics, and industrial productivity;
oil, gas, and petrochemicals; and safety equipment and gear
manufacturing.
Contacts:
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Media
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Investor
Relations
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Nina
Krauss
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Mark
Macaluso
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(973)
455-4253
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(973)
455-2222
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nina.krauss@honeywell.com
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mark.macaluso@honeywell.com
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SOURCE Honeywell