American Fortune 100 company Honeywell has launched Forge, a cloud-based enterprise performance management software that it said would help the ways in which companies collect, analyse, and use data from their operations – and cut building operating expenses (opex) by 25%.
In a statement, the firm said Honeywell Forge had been designed to incorporate cybersecurity features, and would “convert massive data quantities from equipment, processes, and people" into "actionable insights”.
Honeywell Connected Enterprise's president and chief executive officer, Que Dallara, said large enterprises around the world lacked “top-to-bottom visibility on their overall operation performance, and the ability to derive business intelligence from their disparate data sources”.
She added: “Their existing systems are disjointed and have shortcomings that slow growth and cut into profitability."
The company said that upon full deployment, Honeywell Forge for Buildings would "help reduce the operating expense of a building portfolio by up to 25% by providing visibility, monitoring, and control of all building systems and processes".
Honeywell Connected Enterprise's vice president and general manager for buildings, David Trice, said the "open, extensible, intelligent, and easy-to-use" programme would drive business growth through in-depth building data analyses.
He added: "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.
"You can turn on a building in a day or less [with Forge] and review the operations of a building from anywhere – including your favorite coffee shop.”
Forge for Buildings is the first of the product lines that has been launched, with similar variants to be introduced in June and Q4 2019 for the industrial, aviation, inspection, and cybersecurity sectors.