Honeywell has 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.
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 efficiency, effectiveness, safety of their business.
The software 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.”
Honeywell announced the wide availability this week of 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,” 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.