STOCK TITAN

Honeywell and Google Cloud to Accelerate Autonomous Operations with AI Agents for the Industrial Sector

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
AI

Honeywell (NASDAQ: HON) and Google Cloud have announced a collaboration to accelerate autonomous operations in the industrial sector using AI agents. The partnership will combine Google Cloud's Gemini on Vertex AI with Honeywell Forge, an IoT platform for industrials, to provide enterprise-wide insights across various use cases. This collaboration aims to reduce maintenance costs, increase operational productivity, and upskill employees.

The first solutions built with Google Cloud AI will be available to Honeywell's customers in 2025. The partnership will focus on developing purpose-built industrial AI agents, enhancing cybersecurity, and exploring on-the-edge device advances. This initiative aligns with Honeywell's strategy to address labor and skills shortages in the industrial sector, with AI serving as a revenue generator rather than a job eliminator.

Honeywell (NASDAQ: HON) e Google Cloud hanno annunciato una collaborazione per accelerare le operazioni autonome nel settore industriale utilizzando agenti AI. La partnership combinerà Gemini di Google Cloud su Vertex AI con Honeywell Forge, una piattaforma IoT per l'industria, per fornire approfondimenti a livello aziendale in vari casi d'uso. Questa collaborazione mira a ridurre i costi di manutenzione, aumentare la produttività operativa e migliorare le competenze dei dipendenti.

Le prime soluzioni sviluppate con l'AI di Google Cloud saranno disponibili per i clienti di Honeywell nel 2025. La partnership si concentrerà sullo sviluppo di agenti AI industriali su misura, potenziando la cybersicurezza ed esplorando i progressi nei dispositivi edge. Questa iniziativa è in linea con la strategia di Honeywell per affrontare carenze di lavoro e competenze nel settore industriale, con l'AI che funge da generatore di entrate piuttosto che da eliminatore di posti di lavoro.

Honeywell (NASDAQ: HON) y Google Cloud han anunciado una colaboración para acelerar las operaciones autónomas en el sector industrial utilizando agentes de IA. La asociación combinará Gemini de Google Cloud en Vertex AI con Honeywell Forge, una plataforma IoT para la industria, para proporcionar información a nivel empresarial en varios casos de uso. Esta colaboración tiene como objetivo reducir los costos de mantenimiento, aumentar la productividad operativa y capacitar a los empleados.

Las primeras soluciones desarrolladas con la IA de Google Cloud estarán disponibles para los clientes de Honeywell en 2025. La asociación se centrará en el desarrollo de agentes de IA industrial diseñados específicamente, mejorando la ciberseguridad y explorando avances en dispositivos en el borde. Esta iniciativa se alinea con la estrategia de Honeywell para abordar las escasez de mano de obra y habilidades en el sector industrial, con la IA como generador de ingresos en lugar de un eliminador de empleos.

하니웰(NASDAQ: HON)과 구글 클라우드는 AI 에이전트를 사용하여 산업 부문에서 자율 운영을 가속화하기 위한 협력 관계를 발표했습니다. 이 파트너십은 구글 클라우드의 베르텍스 AI에 있는 제미니와 하니웰 포지를 결합하여 다양한 사용 사례에 대해 기업 전체의 통찰력을 제공할 것입니다. 이 협력은 유지보수 비용을 줄이고, 운영 생산성을 높이며, 직원의 기술을 향상시키는 것을 목표로 합니다.

구글 클라우드 AI로 구축된 첫 번째 솔루션은 2025년에 하니웰 고객에게 제공될 예정입니다. 이 파트너십은 맞춤형 산업 AI 에이전트를 개발하고 사이버 보안을 강화하며 에지 기기 개선을 탐구하는 데 초점을 맞출 것입니다. 이 이니셔티브는 산업 부문에서 노동 및 기술 부족 문제를 해결하기 위한 하니웰의 전략과 일치하며, AI는 일자리를 없애는 것이 아니라 수익 창출자로 작용합니다.

Honeywell (NASDAQ: HON) et Google Cloud ont annoncé une collaboration pour accélérer les opérations autonomes dans le secteur industriel en utilisant des agents d'IA. Le partenariat combinera Gemini de Google Cloud sur Vertex AI avec Honeywell Forge, une plateforme IoT pour l'industrie, afin de fournir des insights à l'échelle de l'entreprise à travers divers cas d'utilisation. Cette collaboration vise à réduire les coûts de maintenance, augmenter la productivité opérationnelle et former les employés.

Les premières solutions construites avec l'IA de Google Cloud seront disponibles pour les clients de Honeywell en 2025. Le partenariat se concentrera sur le développement d'agents d'IA industriels conçus sur mesure, l'amélioration de la cybersécurité et l'exploration des avancées des dispositifs edge. Cette initiative s'inscrit dans la stratégie de Honeywell pour faire face aux pénuries de main-d'œuvre et de compétences dans le secteur industriel, avec l'IA servant de générateur de revenus plutôt que d'éliminateur d'emplois.

Honeywell (NASDAQ: HON) und Google Cloud haben eine Zusammenarbeit angekündigt, um autonome Betriebsabläufe im Industriesektor mithilfe von KI-Agenten zu beschleunigen. Die Partnerschaft wird Googles Cloud-Gemini auf Vertex AI mit Honeywell Forge, einer IoT-Plattform für die Industrie, kombinieren, um unternehmensweite Einblicke in verschiedene Anwendungsfälle zu bieten. Dieses Collaboration zielt darauf ab, Instandhaltungskosten zu senken, die betriebliche Produktivität zu steigern und die Fähigkeiten der Mitarbeiter zu verbessern.

Die ersten mit Google Cloud KI entwickelten Lösungen werden im 2025 für Honeywells Kunden verfügbar sein. Die Partnerschaft wird sich auf die Entwicklung von speziell entwickelten industriellen KI-Agenten konzentrieren, die Cybersicherheit zu verbessern und Fortschritte in Edge-Geräten zu erkunden. Diese Initiative steht im Einklang mit Honeywells Strategie zur Bekämpfung von Arbeitskräftemangel und Qualifikationsengpässen im Industriesektor, wobei KI als Einnahmequelle und nicht als Arbeitsplatzvernichter fungiert.

Positive
  • Partnership with Google Cloud to develop AI solutions for industrial operations
  • Potential reduction in maintenance costs and increased operational productivity
  • First AI solutions to be available to customers in 2025
  • Integration of Google Threat Intelligence to enhance cybersecurity products
  • Exploration of edge AI devices using Google's Gemini Nano model
Negative
  • None.

Insights

This collaboration between Honeywell and Google Cloud marks a significant advancement in industrial AI adoption. By integrating Google's Gemini AI with Honeywell's Forge IoT platform, the partnership aims to revolutionize industrial operations through AI-driven insights and automation.

Key points:

  • AI agents will be developed to assist engineers and technicians, potentially reducing maintenance costs and increasing productivity.
  • The partnership addresses the industrial sector's labor and skills shortages, with AI augmenting the existing workforce.
  • Enhanced cybersecurity through integration of Google Threat Intelligence with Honeywell's security products.
  • Exploration of edge AI capabilities using Google's Gemini Nano model for offline intelligence.

This initiative aligns with Honeywell's strategic focus on automation and has the potential to significantly impact their market position in industrial IoT and AI solutions. For investors, this could translate to new revenue streams and improved competitive advantage in the rapidly evolving industrial tech landscape.

The Honeywell-Google Cloud partnership represents a major leap in industrial IoT and AI integration. By leveraging Honeywell Forge's vast industrial data set with Google's advanced AI capabilities, this collaboration has the potential to create a new benchmark in autonomous industrial operations.

The development of purpose-built AI agents for specific industrial needs is particularly noteworthy. These agents could dramatically reduce project design cycles and streamline maintenance processes, leading to significant cost savings and efficiency gains for Honeywell's customers.

Moreover, the focus on edge AI capabilities with Gemini Nano opens up possibilities for intelligent operations in environments with connectivity. This could be a game-changer for remote industrial sites and critical infrastructure.

For Honeywell, this partnership could solidify its position as a leader in industrial digital transformation, potentially driving growth in its Performance Materials and Technologies segment.

Google Cloud AI to enhance Honeywell's product offerings 
and help upskill the industrial workforce

New solutions will connect to enterprise-wide industrial data from Honeywell Forge, 
a leading IoT platform for industrials

CHARLOTTE, N.C. and SUNNYVALE, Calif., Oct. 21, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) and Google Cloud announced a unique collaboration connecting artificial intelligence (AI) agents with assets, people and processes to accelerate safer, autonomous operations for the industrial sector.

This partnership will bring together the multimodality and natural language capabilities of Gemini on Vertex AI – Google Cloud's AI platform – and the massive data set on Honeywell Forge, a leading Internet of Things (IoT) platform for industrials. This will unleash easy-to-understand, enterprise-wide insights across a multitude of use cases. Honeywell's customers across the industrial sector will benefit from opportunities to reduce maintenance costs, increase operational productivity and upskill employees. The first solutions built with Google Cloud AI will be available to Honeywell's customers in 2025.

"The path to autonomy requires assets working harder, people working smarter and processes working more efficiently," said Vimal Kapur, Chairman and CEO of Honeywell. "By combining Google Cloud's AI technology with our deep domain expertise--including valuable data on our Honeywell Forge platform--customers will receive unparalleled, actionable insights bridging the physical and digital worlds to accelerate autonomous operations, a key driver of Honeywell's growth."

"Our partnership with Honeywell represents a significant step forward in bringing the transformative power of AI to industrial operations," said Thomas Kurian, CEO of Google Cloud. "With Gemini on Vertex AI, combined with Honeywell's industrial data and expertise, we're creating new opportunities to optimize processes, empower workforces and drive meaningful business outcomes for industrial organizations worldwide."

With the mass retirement of workers from the baby boomer generation, the industrial sector faces both labor and skills shortages, and AI can be part of the solution – as a revenue generator, not job eliminator. More than two-thirds (82%) of Industrial AI leaders believe their companies are early adopters of AI, but only 17% have fully launched their initial AI plans, according to Honeywell's 2024 Industrial AI Insights report. This partnership will provide AI agents that augment the existing operations and workforce to help drive AI adoption and enable companies across the sector to benefit from expanding automation.

Honeywell and Google Cloud will co-innovate solutions around:

Purpose-Built, Industrial AI Agents 
Built on Google Cloud's Vertex AI Search and tailored to engineers' specific needs, a new AI-powered agent will help automate tasks and reduce project design cycles, enabling users to focus on driving innovation and delivering exceptional customer experiences.

Additional agents will utilize Google's large language models (LLMs) to help technicians to more quickly resolve maintenance issues (e.g., "How did a unit perform last night?" "How do I replace the input/output module?" or "Why is my system making this sound?"). By leveraging Gemini's multimodality capabilities, users will be able to process various data types such as images, videos, text and sensor readings, which will help its engineers get the answers they need quickly – going beyond simple chat and predictions.

Enhanced Cybersecurity
Google Threat Intelligence – featuring frontline insight from Mandiant – will be integrated into current Honeywell cybersecurity products, including Global Analysis, Research and Defense (GARD) Threat Intelligence and Secure Media Exchange (SMX), to help enhance threat detection and protect global infrastructure for industrial customers. 

On-the-Edge Device Advances 
Looking ahead, Honeywell will explore using Google's Gemini Nano model to enhance Honeywell edge AI devices' intelligence multiple use cases across verticals, ranging from scanning performance to voice-based guided workflow, maintenance, operational and alarm assist without the need to connect to the internet and cloud. This is the beginning of a new wave of more intelligent devices and solutions, which will be the subject of future Honeywell announcements.

By leveraging AI to enable growth and productivity, the integration of Google Cloud technology also further supports Honeywell's alignment of its portfolio to three compelling megatrends, including automation.

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 and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

About Google Cloud
Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated, and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models, and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

Contacts:


Media                                                                                       

Investor Relations

Stacey Jones, Honeywell                                                         

Sean Meakim, Honeywell

Stacey.Jones@honeywell.com                                                 

Sean.Meakim@honeywell.com



Ted Ladd, Google Cloud
press@google.com      


Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/honeywell-and-google-cloud-to-accelerate-autonomous-operations-with-ai-agents-for-the-industrial-sector-302281238.html

SOURCE Honeywell

FAQ

What is the purpose of Honeywell's collaboration with Google Cloud?

The collaboration aims to accelerate autonomous operations in the industrial sector by connecting AI agents with assets, people, and processes, utilizing Google Cloud's AI technology and Honeywell's industrial expertise.

When will the first AI solutions from Honeywell and Google Cloud be available?

The first solutions built with Google Cloud AI will be available to Honeywell's customers in 2025.

How will the Honeywell-Google Cloud partnership benefit industrial customers?

The partnership is expected to help reduce maintenance costs, increase operational productivity, and upskill employees in the industrial sector.

What specific areas will Honeywell and Google Cloud focus on in their collaboration?

They will co-innovate solutions around purpose-built industrial AI agents, enhanced cybersecurity, and on-the-edge device advances.

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

The collaboration supports Honeywell's alignment with automation as one of three compelling megatrends in its portfolio, addressing labor and skills shortages in the industrial sector.

Honeywell International, Inc.

NASDAQ:HON

HON Rankings

HON Latest News

HON Stock Data

147.07B
649.61M
0.09%
80.66%
1.64%
Conglomerates
Aircraft Engines & Engine Parts
Link
United States of America
CHARLOTTE