Honeywell launches new enterprise performance management software
Technology company Honeywell has launched Honeywell Forge for Industrial, an enterprise performance management software for operational technology.
The platform leverages process and asset digital twins, advanced data analytics and process industry knowledge to help industrial manufactures achieve peak performance.
Honeywell Forge for Industrial collects and integrates information from a manufacturer’s operations, analyses and helps determine the achievable optimal performance and augments it with predictive analytics to identify areas for improvement.
Recommendations are then provided in real time to help industrial producers close performance gaps and operate at peak performance.
“As industrial manufacturers are needing to process increasingly larger amounts of data from different sources in their production process, being able to derive meaningful insight becomes more and more important to individual contributors and plant leadership to quickly adapt to the changing market, make more timely and accurate decisions, and optimize profitability,” said Mark Sen Gupta, research director at ARC Advisory Group. “The other challenge of course, is that the industry is dealing with large parts of the workforce retiring leading to a loss of critical knowledge and expertise.”
The Honeywell platform provides top-to-bottom visibility on how operations are performing through a SaaS offering that meets high cybersecurity protections.
“Honeywell Forge for Industrial addresses one of the most pressing challenges our customers face: making decisions based on incomplete and isolated information on multiple platforms,” added Murali Mandi, COO of Honeywell Connected Enterprise, Industrial. “Now our customers can leverage our experiences to help them make fully informed decisions from their data sets impacting safety, profitability, forecasted outcomes and risks. All this will help our customers to improve asset reliability and performance, ultimately empowering the workforce. We want to ensure that every day is our customers’ best production day.”