HONEYWELL AND QUALCOMM WORK TO REVOLUTIONIZE ENERGY SECTOR WITH 5G, LOW POWER WIRELESS AND AI-ENABLED SOLUTIONS
Honeywell (Nasdaq: HON) and Qualcomm Technologies, Inc. have expanded their collaboration to develop new AI-enabled solutions for the energy sector. This initiative aligns with Honeywell's focus on automation megatrends. The collaboration aims to integrate Qualcomm's connectivity and AI capabilities into Honeywell's existing AI-powered applications, such as the Field Process Knowledge System (PKS).
The partnership will combine Qualcomm's low power AI-enabled processors with Honeywell's sensing technologies to create a family of industrial sensors for monitoring various parameters. These advancements are expected to provide faster and more accurate information to field and service technicians.
The collaboration also includes the development of an AI-enabled Multi-Modal Intelligent Agent for distribution centers and retail industries, with plans to integrate computer vision capabilities into Honeywell's Field PKS by 2025.
Honeywell (Nasdaq: HON) e Qualcomm Technologies, Inc. hanno ampliato la loro collaborazione per sviluppare nuove soluzioni abilitati all'IA per il settore energetico. Questa iniziativa è in linea con il focus di Honeywell sulle megatendenze dell'automazione. La collaborazione mira a integrare le capacità di connettività e intelligenza artificiale di Qualcomm nelle applicazioni esistenti basate su IA di Honeywell, come il Field Process Knowledge System (PKS).
La partnership combinerà i processori abilitati all'IA a bassa potenza di Qualcomm con le tecnologie di rilevamento di Honeywell per creare una famiglia di sensori industriali per il monitoraggio di vari parametri. Questi progressi si prevede forniscano informazioni più rapide e più accurate ai tecnici sul campo e del servizio.
La collaborazione include anche lo sviluppo di un Agente Intelligente Multi-Modale abilitato all'IA per i centri di distribuzione e i settori retail, con piani di integrare capacità di visione artificiale nel Field PKS di Honeywell entro il 2025.
Honeywell (Nasdaq: HON) y Qualcomm Technologies, Inc. han ampliado su colaboración para desarrollar nuevas soluciones con inteligencia artificial para el sector energético. Esta iniciativa está alineada con el enfoque de Honeywell en las megatendencias de automatización. La colaboración tiene como objetivo integrar las capacidades de conectividad e IA de Qualcomm en las aplicaciones basadas en IA existentes de Honeywell, como el Field Process Knowledge System (PKS).
La asociación combinará los procesadores habilitados con IA de bajo consumo de Qualcomm con las tecnologías de sensores de Honeywell para crear una familia de sensores industriales para monitorear diversos parámetros. Se espera que estos avances proporcionen información más rápida y precisa a los técnicos de campo y de servicio.
La colaboración también incluye el desarrollo de un Agente Inteligente Multi-Modal habilitado con IA para centros de distribución e industrias minoristas, con planes de integrar capacidades de visión por computadora en el Field PKS de Honeywell para 2025.
Honeywell(Nasdaq: HON)와 Qualcomm Technologies, Inc.는 협업을 확대했습니다 새로운 에너지 분야를 위한 AI 지원 솔루션을 개발하기 위해 이 이니셔티브는 Honeywell의 자동화 메가 트렌드에 대한 초점과 일치합니다. 이 협업의 목표는 Qualcomm의 연결성과 AI 기능을 Honeywell의 기존 AI 기반 애플리케이션에 통합하는 것입니다. 예를 들어 Field Process Knowledge System (PKS)이 있습니다.
이번 협력에서는 Qualcomm의 저전력 AI 지원 프로세서와 Honeywell의 감지 기술을 결합하여 다양한 매개변수를 모니터링하는 산업용 센서 제품군을 만듭니다. 이러한 발전은 현장 및 서비스 기술자에게 더 빠르고 정확한 정보를 제공할 것으로 예상됩니다.
이 협업에는 유통 센터 및 소매 산업을 위한 AI 지원 다중 모드 지능형 에이전트 개발도 포함되며, 2025년까지 Honeywell의 Field PKS에 컴퓨터 비전 기능을 통합할 계획입니다.
Honeywell (Nasdaq: HON) et Qualcomm Technologies, Inc. ont élargi leur collaboration pour développer de nouvelles solutions basées sur l'IA pour le secteur de l'énergie. Cette initiative s'inscrit dans le cadre de l'orientation de Honeywell vers les mégatendances de l'automatisation. La collaboration vise à intégrer les capacités de connectivité et d'IA de Qualcomm dans les applications alimentées par l'IA existantes de Honeywell, comme le Field Process Knowledge System (PKS).
Le partenariat combinera les processeurs à faible consommation d'énergie habilités à l'IA de Qualcomm avec les technologies de détection de Honeywell pour créer une famille de capteurs industriels pour surveiller divers paramètres. Ces avancées devraient fournir des informations plus rapides et plus précises aux techniciens de terrain et de service.
La collaboration comprend également le développement d'un agent intelligent multi-modal habilité à l'IA pour les centres de distribution et les industries de détail, avec des plans pour intégrer des capacités de vision par ordinateur dans le Field PKS de Honeywell d'ici 2025.
Honeywell (Nasdaq: HON) und Qualcomm Technologies, Inc. haben ihre Zusammenarbeit ausgeweitet, um neue KI-gestützte Lösungen für den Energiesektor zu entwickeln. Diese Initiative steht im Einklang mit Honeywells Schwerpunkt auf Automatisierungstrends. Ziel der Zusammenarbeit ist es, Qualcomms Konnektivitäts- und KI-Fähigkeiten in Honeywells bestehende KI-gestützte Anwendungen, wie das Field Process Knowledge System (PKS), zu integrieren.
Die Partnerschaft wird Qualcomms niedrig stromverbrauchende KI-fähige Prozessoren mit Honeywells Sensortechnologien kombinieren, um eine Familie von Industriesensoren zur Überwachung verschiedener Parameter zu schaffen. Diese Fortschritte sollen schnellere und genauere Informationen für Feld- und Servicetechniker bereitstellen.
Die Zusammenarbeit umfasst auch die Entwicklung eines KI-gestützten Multi-Modalen Intelligent Agenten für Verteilzentren und die Einzelhandelsindustrie, mit dem Ziel, 2025 KI-gestützte Bildverarbeitungskapazitäten in Honeywells Field PKS zu integrieren.
- Expansion of AI-enabled solutions for the energy sector
- Integration of Qualcomm's connectivity and AI capabilities into Honeywell's Field PKS
- Development of new industrial sensors for improved monitoring
- Potential for faster and more accurate information delivery to technicians
- Creation of AI-enabled Multi-Modal Intelligent Agent for distribution and retail industries
- None.
Insights
Honeywell and Qualcomm's collaboration signifies a major leap in industrial IoT and AI applications for the energy sector. The integration of Qualcomm's low-power AI processors and connectivity solutions with Honeywell's Field Process Knowledge System (PKS) could dramatically improve data capture and analytics capabilities in remote plant areas.
This partnership has the potential to enhance operational efficiency significantly. By enabling faster and more accurate data analysis at the edge, companies can expect improved decision-making processes and reduced downtime. The development of AI-enabled industrial sensors for monitoring various parameters could lead to more proactive maintenance strategies and optimized asset performance.
The planned addition of computer vision capabilities to Honeywell's Field PKS in 2025 further underscores the long-term potential of this collaboration. This could revolutionize how field technicians interact with equipment and process data, potentially leading to substantial productivity gains in the energy sector.
This collaboration positions Honeywell strongly in the rapidly growing Industrial IoT and AI market. The global IIoT market is projected to reach
The focus on energy sector applications is particularly strategic, given the industry's increasing need for digital transformation and efficiency improvements. This move aligns well with Honeywell's portfolio shift towards automation, one of its key megatrends.
Investors should note the potential for recurring revenue streams from these AI-enabled solutions, which could provide long-term value. Additionally, the collaboration may give Honeywell a competitive edge in attracting and retaining customers in the energy sector, potentially leading to increased market share and revenue growth in the coming years.
Through the collaboration, Honeywell intends to incorporate Qualcomm Technologies' connectivity and AI capabilities into Its existing AI-powered applications, such as the Honeywell Field Process Knowledge System (PKS). By integrating these capabilities, Honeywell's Field PKS will better be able to help provide connectivity to remote corners of plant and manufacturing facilities and enable greater data capture and analytics at the edge.
Qualcomm Technologies' portfolio of low power AI-enabled processors with native wireless connectivity, software, and computer vision combined with Honeywell's extensive portfolio of sensing technologies will enable the development of a family of industrial sensors used for monitoring process parameters, asset parameters or environmental conditions. These new capabilities will help deliver more information to field and service technicians, enabling faster delivery of answers that can result in time savings, greater accuracy, and interactive results.
"We are committed to developing on-device generative AI solutions that will propel the expansion of the connected intelligent edge to help drive digital transformation," said Nakul Duggal, group general manager, automotive, industrial and embedded IoT, and cloud computing, Qualcomm Technologies, Inc. "This collaboration with Honeywell enhances how industries and businesses interact with their environments through intelligent and responsive technology. Our recent acquisition of Sequans' 4G IoT technology adds to Qualcomm Technologies' broad portfolio, further strengthening our technology offerings for Industrial IoT applications."
"The combination of Qualcomm Technologies' industry-leading on-device AI processors with Honeywell's AI- enabled technology will enable field workers to work smarter, help make assets more efficient and improve the overall performance of the process industry," said Pramesh Maheshwari, President of Honeywell Process Solutions. "With the introduction of AI-enabled solutions such as Honeywell's Field PKS, Multi-Modal Intelligent Agent and sensor technologies, we are advancing what's possible for the process industry with mobile field technicians and autonomous operations."
Earlier this year, Honeywell and Qualcomm Technologies began developing an AI-enabled Multi-Modal Intelligent Agent designed to allow workers in distribution centers and retail industries to interact naturally with handheld devices through voice, pictures, and video. In 2025, Honeywell intends to add the computer vision capabilities in the Multi-Modal Intelligent Agent to Honeywell's Field PKS. To learn more about how Honeywell is leveraging AI across process industries, visit: https://process.honeywell.com/us/en/solutions/industrial-autonomous-solutions
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, more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
About Qualcomm:
Qualcomm is enabling a world where everyone and everything can be intelligently connected. Our one technology roadmap allows us to efficiently scale the technologies that launched the mobile revolution – including advanced connectivity, high-performance, low-power compute, on-device intelligence and more – to the next generation of connected smart devices across industries. Innovations from Qualcomm and our family of Snapdragon platforms will help enable cloud-edge convergence, transform industries, accelerate the digital economy, and revolutionize how we experience the world, for the greater good.
Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.
Media Contact:
Tyler Sumrall
+1 (713) 203-0992
Tyler.Sumrall@honeywell.com
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SOURCE Honeywell
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