HONEYWELL TRANSFORMS BUILDING MANAGEMENT WITH FIRST-OF-ITS-KIND TECHNOLOGY
- None.
- None.
Insights
Honeywell's launch of Advance Control for Buildings represents a significant investment in the smart building industry, which is projected to grow substantially due to increasing demands for energy efficiency and intelligent automation. This new platform aligns with current market trends focusing on sustainability, operational efficiency and cybersecurity. By incorporating machine learning and leveraging existing infrastructure, Honeywell is not only reducing the barriers to adoption by minimizing the need for new wiring but also enhancing the value proposition of their product through cost savings and ease of integration.
The strategic alliances with NXP Semiconductors and Analog Devices are pivotal for the platform's success, as they bring expertise in edge processing and signal conversion, respectively. These collaborations could foster a more seamless integration of IoT devices and enhance the data processing capabilities at the edge, which is crucial for real-time analytics and decision-making in building management systems.
The emphasis on cybersecurity is particularly noteworthy, given the increasing number of cyber threats targeting infrastructure. By integrating advanced security technologies, Honeywell is addressing a critical concern for building managers and could potentially set a new standard for security in building automation systems.
The environmental impact of Honeywell's Advance Control for Buildings platform is a key aspect of its market relevance, especially considering the UN Environment Programme's statistics on building-related CO2 emissions. The ability to optimize energy management aligns with global sustainability goals and could contribute to significant reductions in greenhouse gas emissions. This platform could serve as a catalyst for the adoption of green technology in the real estate sector, which is under increasing pressure to reduce its carbon footprint.
Furthermore, the use of machine learning for autonomous energy management decisions presents a forward-looking approach to energy conservation. By automating the energy efficiency strategy, the platform may help building managers achieve more sustainable operations without requiring constant human intervention. This is particularly important in the context of the current skilled labor shortage in the building maintenance sector.
The built-in cybersecurity feature of Honeywell's new platform is a critical development in the building management industry. It reflects a growing recognition of the importance of securing operational technology environments, which have historically been less protected than traditional IT systems. The collaboration with NXP Semiconductors to enhance security within the building automation infrastructure indicates a proactive approach to combating the evolving threat landscape.
By prioritizing security resilience, Honeywell is not only protecting its customers from potential cyber threats but also potentially mitigating the risk of costly data breaches and operational disruptions. This commitment to cybersecurity may become a competitive advantage as customers increasingly prioritize secure solutions in their purchasing decisions.
New platform features built-in cybersecurity, faster network speeds and innovative technology to address building managers' concerns and strategies
Designed to automate building management and provide the foundation for a building's energy efficiency strategy, Advance Control combines the latest technologies with decades of innovation and domain expertise. Automation and machine learning fuel a streamlined operation system featuring built-in cybersecurity and technology to deliver faster network speeds that, in an industry first, uses existing wiring. This announcement further supports Honeywell's recently announced plans to realign its business with three compelling megatrends, including automation and energy transition.
"Today, buildings are facing mounting pressures around safety, operational efficiency and energy efficiency. By pushing the boundaries of technological advancement, Advance Control not only helps building managers optimize their building operations to meet these pressures, but also champions innovation," said Steve Kenny, vice president and general manager, Honeywell Building Management Systems. "Automation breaks down operational barriers to give building managers more control over the efficiency of their buildings, ultimately helping improve the occupant experience while advancing energy management goals."
As part of this rollout, Honeywell recently announced strategic alliances with two semiconductor leaders, NXP® Semiconductors N.V. (NASDAQ: NXPI) and Analog Devices, Inc. (NASDAQ: ADI) to streamline the transition to intelligent edge processing. With NXP, Honeywell seeks to elevate machine learning and autonomous decision-making for enhanced energy management and convenience, as well as enhanced security within and beyond the building. The joint efforts with ADI aim to deliver more efficiency and increased intelligence through digital connectivity and advanced signal conversion across many industrial applications.
"As the building automation market demands greater digital connectivity and security enabling data driven efficiencies, ADI has invested in new technologies meeting these needs while also offering flexibility for future upgrades. Our single-pair Ethernet (T1L) enables the possibility of reusing a building's existing wiring, helping to reduce installation time, cost, and waste. ADI is pleased to work with Honeywell to bring this new technology to building management systems for the first time in Advance Control for Buildings," said Diarmuid McSwiney, Managing Director, Industrial Connectivity and Control at ADI.
"Security resilience is increasingly required for networked control systems," said Rafael Sotomayor, Executive Vice President and General Manager, Secure Connected Edge, NXP Semiconductors. "Honeywell's Advance Control for Buildings platform leverages NXP processors that efficiently combine machine learning with advanced security technologies to protect sensitive building automation infrastructure."
According to the UN Environment Programme, buildings account for
"Real estate and facilities leaders are placing top priority on optimizing building operations," said Sandy Rogers, a principal analyst with Verdantix, a research and advisory firm. "Organizations require greater visibility and automated control across their building portfolios, and they will increasingly look to digital innovations such as AI and machine learning for added intelligence."
About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Honeywell | FINN Partners |
Dawn Wotapka | Meagan Meldrim |
(631) 943-3782 | (616) 970-2177 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/honeywell-transforms-building-management-with-first-of-its-kind-technology-302041619.html
SOURCE Honeywell
FAQ
What is the name of the new platform launched by Honeywell?
What are the features of the Advance Control for Buildings platform?
What are the strategic alliances announced by Honeywell?
What is the ticker symbol for Analog Devices, Inc.?
What are the megatrends that Honeywell's business is realigning with?
