Tuesday 21 January 2020

Honeywell rolls out enterprise performance management software

DUBAI, July 17, 2019

Honeywell, a global technology leader, has announced the availability of Honeywell Forge for Industrial, an enterprise performance management software.

The software will be used as operational technology that leverages process and asset digital twins, advanced data analytics and decades of process industry domain knowledge to help industrial manufacturers achieve and sustain peak performance.

With the platform, a business can use instant insights from real-time benchmarking to help make better decisions that impact equipment performance, reliability, safety and profitability, said a statement from Honeywell.

It 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 opportunities for improvement.

The platform then provides recommendations in real-time that help industrial producers close performance gaps and operate at peak performance.

Mark Sen Gupta, research director, ARC Advisory Group, said: “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 optimise profitability.”

“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,” he added.

Honeywell Forge for Industrial provides top-to-bottom visibility into how operations are performing across the enterprise through a software-as-a-service (SaaS) offering that is being developed to meet the highest cybersecurity protections, it said.

The platform helps companies overcome challenges caused by technology churn, aging equipment and a shift in workforce demographics, it added.

Mansour Belhadj, general manager for lifecycle and solutions services business, Honeywell Process Solutions, said: “The platform addresses one of the most pressing challenges our customers face in the Middle East region, making decisions based on incomplete and isolated information on multiple platforms.”

“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,” he added. – TradeArabia News Service


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