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HONEYWELL AND CISCO LEVERAGE AI AND AUTOMATION TO HELP REDUCE BUILDING ENERGY CONSUMPTION

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Honeywell (NASDAQ: HON) has announced a collaboration with Cisco to develop an AI-powered solution that automatically adapts building systems based on real-time occupancy data, aiming to reduce energy consumption and optimize the environment for worker productivity and comfort. The solution combines Honeywell Forge Sustainability+ for Buildings with Cisco Spaces to monitor assets and adjust HVAC systems using AI and machine learning.

This collaboration leverages existing network infrastructure and IoT devices to collect occupancy and environmental data, which is then used to improve energy efficiency and provide insights on building utilization. The system can autonomously adjust room temperatures, lighting, and ventilation based on occupancy and customer-selected controls, helping to automate daily building operations and monitor GHG emissions.

Honeywell (NASDAQ: HON) ha annunciato una collaborazione con Cisco per sviluppare una soluzione basata sull'intelligenza artificiale che si adatta automaticamente ai sistemi degli edifici in base ai dati di occupazione in tempo reale, con l'obiettivo di ridurre il consumo energetico e ottimizzare l'ambiente per la produttività e il comfort dei lavoratori. La soluzione combina Honeywell Forge Sustainability+ for Buildings con Cisco Spaces per monitorare le risorse e regolare i sistemi HVAC utilizzando l'IA e l'apprendimento automatico.

Questa collaborazione sfrutta l'infrastruttura di rete esistente e i dispositivi IoT per raccogliere dati di occupazione e ambientali, che vengono poi utilizzati per migliorare l'efficienza energetica e fornire informazioni sull'utilizzo degli edifici. Il sistema può regolare autonomamente le temperature delle stanze, l'illuminazione e la ventilazione in base all'occupazione e ai controlli selezionati dagli utenti, contribuendo ad automatizzare le operazioni quotidiane degli edifici e monitorare le emissioni di gas serra.

Honeywell (NASDAQ: HON) ha anunciado una colaboración con Cisco para desarrollar una solución impulsada por inteligencia artificial que se adapta automáticamente a los sistemas de los edificios según datos de ocupación en tiempo real, con el objetivo de reducir el consumo de energía y optimizar el entorno para la productividad y el confort de los trabajadores. La solución combina Honeywell Forge Sustainability+ for Buildings con Cisco Spaces para monitorizar activos y ajustar los sistemas HVAC utilizando IA y aprendizaje automático.

Esta colaboración aprovecha la infraestructura de red existente y dispositivos IoT para recopilar datos de ocupación y ambientales, que luego se utilizan para mejorar la eficiencia energética y proporcionar información sobre la utilización del edificio. El sistema puede ajustar de forma autónoma las temperaturas de las habitaciones, la iluminación y la ventilación en función de la ocupación y los controles seleccionados por el usuario, ayudando a automatizar las operaciones diarias del edificio y monitorear las emisiones de GHG.

Honeywell (NASDAQ: HON)은 Cisco와 협력하여 실시간 점유 데이터에 따라 빌딩 시스템을 자동으로 조정하는 인공지능 기반 솔루션을 개발한다고 발표했습니다. 이 솔루션은 에너지 소비를 줄이고 직원의 생산성과 편안함을 최적화하는 것을 목표로 하고 있습니다. 이 솔루션은 Honeywell Forge Sustainability+ for BuildingsCisco Spaces를 결합하여 AI와 머신러닝을 사용하여 자산을 모니터링하고 HVAC 시스템을 조정합니다.

이 협업은 기존 네트워크 인프라와 IoT 장치를 활용하여 점유 및 환경 데이터를 수집하고, 이를 통해 에너지 효율성을 개선하고 건물 활용에 대한 통찰력을 제공합니다. 이 시스템은 점유 및 고객 선택 제어에 따라 방 온도, 조명 및 환기를 자율적으로 조정할 수 있어 일상적인 빌딩 운영을 자동화하고 온실가스(GHG) 배출을 모니터링하는 데 도움을 줍니다.

Honeywell (NASDAQ: HON) a annoncé une collaboration avec Cisco pour développer une solution alimentée par l'intelligence artificielle qui adapte automatiquement les systèmes des bâtiments en fonction des données d'occupation en temps réel, visant à réduire la consommation d'énergie et à optimiser l'environnement pour la productivité et le confort des travailleurs. La solution combine Honeywell Forge Sustainability+ for Buildings avec Cisco Spaces pour surveiller les actifs et ajuster les systèmes CVC à l'aide de l'IA et de l'apprentissage automatique.

Cette collaboration exploite l'infrastructure réseau existante et les dispositifs IoT pour collecter des données d'occupation et environnementales, qui sont ensuite utilisées pour améliorer l'efficacité énergétique et fournir des informations sur l'utilisation des bâtiments. Le système peut ajuster de manière autonome les températures des pièces, l'éclairage et la ventilation en fonction de l'occupation et des contrôles sélectionnés par le client, contribuant ainsi à automatiser les opérations quotidiennes des bâtiments et à surveiller les émissions de GES.

Honeywell (NASDAQ: HON) hat eine Zusammenarbeit mit Cisco angekündigt, um eine KI-gestützte Lösung zu entwickeln, die die Systeme von Gebäuden basierend auf Echtzeit-Belegungsdaten automatisch anpasst, mit dem Ziel, den Energieverbrauch zu senken und die Umgebung für die Produktivität und den Komfort der Mitarbeiter zu optimieren. Die Lösung kombiniert Honeywell Forge Sustainability+ for Buildings mit Cisco Spaces, um Vermögenswerte zu überwachen und die HVAC-Systeme mit KI und maschinellem Lernen anzupassen.

Diese Zusammenarbeit nutzt die bestehende Netzwerk-Infrastruktur und IoT-Geräte, um Belegungs- und Umweltdaten zu sammeln, die dann verwendet werden, um die Energieeffizienz zu verbessern und Erkenntnisse zur Gebäudenutzung zu liefern. Das System kann die Raumtemperaturen, Beleuchtung und Belüftung autonom anpassen, abhängig von der Belegung und den vom Nutzer ausgewählten Steuerungen, was hilft, die täglichen Betriebsabläufe im Gebäude zu automatisieren und die Treibhausgasemissionen zu überwachen.

Positive
  • Collaboration with Cisco to develop AI-powered solution for building energy management
  • Potential reduction in building energy consumption and GHG emissions
  • Utilization of existing infrastructure without need for additional hardware
  • Automated adjustment of building systems based on real-time occupancy data
  • Alignment with Honeywell's focus on automation and energy transition megatrends
Negative
  • None.

Insights

This collaboration between Honeywell and Cisco represents a significant leap forward in smart building technology. By leveraging AI and real-time occupancy data, the solution addresses a critical challenge in the era of hybrid work: optimizing energy consumption in buildings with fluctuating occupancy.

The integration of Honeywell Forge Sustainability+ and Cisco Spaces creates a synergistic system that can autonomously adjust HVAC, lighting and ventilation based on actual usage. This dynamic approach could lead to substantial energy savings, potentially 20-30% in many cases, while simultaneously improving employee comfort and productivity.

From an investor's perspective, this partnership positions both companies at the forefront of the green building revolution, a market expected to grow significantly in the coming years. It aligns well with increasing regulatory pressure and corporate commitments to reduce carbon footprints, potentially driving strong demand for these solutions.

The Honeywell-Cisco collaboration showcases a cutting-edge application of AI and IoT in building management. What's particularly impressive is the solution's ability to leverage existing network infrastructure, eliminating the need for additional hardware installation. This approach significantly reduces implementation costs and complexity, making it an attractive option for building owners looking to upgrade their systems.

The use of machine learning to continuously optimize building operations is a game-changer. It allows for predictive maintenance and proactive energy management, potentially extending the life of HVAC systems and further reducing operational costs. Moreover, the real-time data insights provided by this system can help building managers make more informed decisions about space utilization and energy allocation.

For investors, this partnership demonstrates both companies' commitment to innovation in the smart building sector, which is projected to reach $229.8 billion by 2030. It positions them well to capture a significant share of this growing market.

This AI-powered solution addresses a important environmental challenge: the significant carbon footprint of buildings. With buildings accounting for nearly 40% of global energy-related carbon emissions, any technology that can substantially reduce this impact is of immense value.

The system's ability to adapt to hybrid work schedules is particularly relevant in the post-pandemic era. By eliminating energy waste during periods of low occupancy, it directly tackles a major inefficiency in current building operations. This could lead to a measurable reduction in greenhouse gas emissions, aligning with global sustainability goals.

Furthermore, the solution's capacity to monitor GHG emissions provides valuable data for ESG reporting, an increasingly important factor for investors and regulators. Companies implementing this technology could potentially improve their sustainability ratings, attracting environmentally conscious investors and customers.

Overall, this collaboration represents a significant step towards more sustainable urban environments, with potential for wide-ranging positive impacts on climate change mitigation efforts.

Expanded collaboration uses real-time occupancy data to help manage environmental impact of buildings

ATLANTA, Aug. 29, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today a collaboration with Cisco on an AI-powered solution that automatically adapts building systems based on fluctuating usage levels, reducing energy consumption and optimizing the environment for worker productivity and comfort. 

By combining Honeywell Forge Sustainability+ for Buildings and Cisco Spaces, the joint effort uses AI and machine learning to help monitor assets to adjust heating, ventilation and air conditioning (HVAC) systems based on real-time occupancy for a single building or an entire campus. 

Cisco Spaces collects occupancy and environmental data from Cisco network infrastructure, environmental sensors, collaboration devices and third-party IoT devices without the need to add additional hardware. Honeywell Forge Sustainability+ for Buildings then uses this information to help improve energy efficiency and provide insights on building utilization. Together with Honeywell's latest Optimizer Advanced Controller for Buildings, this real-time occupancy data can help further improve energy efficiency for greater resiliency.

Room temperatures, lighting and ventilation are autonomously adjusted based on where people are in the building and customer selected controls. This ultimately helps automate daily building operations, optimize energy use and drive employee comfort while monitoring GHG emissions.

"Buildings have historically been a substantial contributor to overall carbon emissions, but with the rise of hybrid work, operators now have the opportunity to take a fresh look at addressing their environmental impact by moving their HVAC systems away from consistent 9-to-5 schedules," said Greg Turner, Chief Technology Officer of Honeywell's Building Automation segment. "By tapping into a building's existing technology infrastructure and harnessing the power of AI to fine-tune heating and cooling according to zone occupancy levels, our collaboration with Cisco empowers building owners to gain control of their environment and significantly curb emissions."

The collaboration is part of Honeywell's broader effort to help companies reduce their buildings' environmental footprint and supports Honeywell's alignment of its portfolio to three compelling megatrends, including automation and energy transition. It is also enabled by Cisco's Country Digital Acceleration program, a global initiative that collaborates with government and private sector leaders to build sustainable, secure and inclusive communities powered by ethical and innovative technology solutions.

"The convergence of IT and OT infrastructures, seamlessly interoperable with leading building management system (BMS) platforms, ushers in an era of real-time data insights that can optimize energy usage, regardless of building age or retrofit status," said Wes Sylvester, Vice President of Cisco's Industry Solutions Group. "By working closely with Honeywell, we're enabling building operators with enhanced visibility and control over operational data, setting a new standard for energy efficiency and reduced environmental impact." 

"Energy management is firmly at the forefront of building owners' minds," said Harry Wilson, analyst at Verdantix. "The continued presence of hybrid working policies and lower office utilization, coupled with new asset-specific realities, has put owners under substantial financial and environmental pressure to ensure they are operating facilities efficiently and not wasting resources." 

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 Forge IoT 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.

Contacts:                                                                                 


Honeywell                                                                               

Cisco              

Dawn Wotapka                                                                         

Andrew Fletcher Cole

(631) 943-3782                                                                           

(647) 612-2653

dawn.wotapka@honeywell.com                                                 

andrcole@cisco.com 

 

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SOURCE Honeywell

FAQ

What is the purpose of Honeywell's collaboration with Cisco announced on August 29, 2024?

The collaboration aims to develop an AI-powered solution that automatically adapts building systems based on real-time occupancy data, reducing energy consumption and optimizing the environment for worker productivity and comfort.

How does the Honeywell-Cisco solution work to reduce building energy consumption?

The solution combines Honeywell Forge Sustainability+ for Buildings with Cisco Spaces to collect occupancy and environmental data, which is then used to adjust HVAC systems, lighting, and ventilation based on real-time occupancy levels.

What are the potential benefits of implementing the Honeywell-Cisco AI-powered solution for buildings?

The solution can help improve energy efficiency, reduce GHG emissions, automate daily building operations, optimize energy use, and enhance employee comfort while utilizing existing infrastructure without additional hardware.

How does this collaboration align with Honeywell's (HON) business strategy?

The collaboration supports Honeywell's alignment with three megatrends: automation, energy transition, and the effort to help companies reduce their buildings' environmental footprint.

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