Honeywell launches enterprise performance management product

Honeywell has launched Honeywell Forge -- the first in a new category of software the company is calling Enterprise Performance Management for Operations Technology.

According to Honeywell, the hope for Enterprise Performance Management for Operations Technology software is to improve the way a variety of companies collect, analyze and act on data from their operations. Honeywell Forge will use asset and process control technology to aid in getting work done by owners and operators of buildings, airlines, industrial facilities, and other assets and infrastructure.

Honeywell Forge will convert large amounts of data from equipment, processes and people into intuitive, actionable insights that enable monitoring of enterprise operations from a single screen, according to Honeywell. The hope is that this will help users optimize the efficiency, effectiveness and safety of their businesses.

In an effort to simplify implementation, Honeywell Forge has a hardware- and software-agnostic approach that enables use of a business's existing system. It uses predictive analytics to help identify maintenance issues before they happen and, Honeywell claims, enables workers to be more productive, proficient and safe while reducing costs and increasing productivity. Honeywell Forge will also incorporate the latest cybersecurity protections.

Honeywell Forge for Buildings is available this week and is intended to reshape the management of building portfolios by helping to decrease operating expenses, improve energy consumption and manage space optimization, according to Honeywell.

The idea behind Honeywell Forge for Buildings is to create a holistic approach to building management and eliminate the need to have multiple, unconnected systems in each building. According to a survey it conducted, Honeywell claims more than 90% of building managers said having a better management system would help improve resource management, avoid unplanned downtime and provide enhanced predictive information to make facilities safer and more secure.

Honeywell Forge will continue to expand and roll out products across a range of industries in the coming months, including:

• Honeywell Forge for Industrials: Launching in June, this will monitor process performance and use digital twins to optimize production and increase throughput.
• Honeywell Forge for Airlines: Also launching in June, this product will provide insights and analytics in an effort to save airlines money.
• Honeywell Forge for Inspection Rounds: The final product launching in June, this will digitize the deskless worker and aim to improve efficiency, productivity and compliance;
• Honeywell Forge Cybersecurity: Launching sometime in this year's fourth quarter, this product will help protect critical operations from ever-evolving cyberthreats.