Honeywell's Experion Operator Advisor Incorporates Advanced Machine Learning To Measure And Improve Operator Performance

Rhea-AI Summary

Honeywell (Nasdaq: HON) has introduced the HALO Operator Advisor, enhancing its Experion suite. This software leverages machine learning to evaluate operator performance across various industries, including oil, gas, and chemicals. By utilizing analytics from enterprise data, it enables managers to identify performance gaps and implement training programs. Projected benefits include a 75% reduction in incidents, annual savings of $1.5 million per plant from optimized worker performance, and a $2 million decrease in operational costs. The solution is set to launch in October 2021.

Positive

• Projected annual savings of $1.5 million per plant from reduced production loss due to improved operator performance.
• $2 million estimated reduction in operational costs by enhancing worker productivity and training.
• Potential 75% reduction in incidents and human errors, improving safety and reliability.

Negative

• None.

HOUSTON, June 21, 2021 /PRNewswire/ -- Honeywell (Nasdaq: HON) announced today the addition of Operator Advisor to its Experion® Highly Augmented Lookahead Operations (HALO) suite. This powerful software solution enables plant owners to objectively measure gaps and drive operator effectiveness to the next level. This market-first solution presents users – including oil and gas, chemical, refining and petrochemical organizations – with a consolidated scorecard of enterprise automation utilization and recommended steps to address performance-related gaps.

Honeywell's solution uses machine learning-powered analytics, a type of artificial intelligence, to gather insights from enterprise data sources such as distributed control systems and funnel those insights into dashboards. These dashboards can provide operations managers and supervisors with a clear and complete view of operator performance and improvement opportunities.

By understanding how operator actions, inactions and workload levels contribute to optimal production, organizations can develop targeted training programs, make strides toward autonomous operations and build process resilience – all of which can help them better compete in the digital age.

"According to the Abnormal Situation Management Consortium, 40% to 70% of industrial accidents are linked to human error," said Pramesh Maheshwari, vice president and general manager, Lifecycle Solutions and Services, Honeywell Process Solutions. "This underscores the importance of deploying an enterprise-wide competency program that empowers organizations and workers through use of advanced technologies like machine learning to improve plant performance, uptime, reliability and safety."

As part of Honeywell's Workforce Excellence portfolio, HALO Operator Advisor is a timely response to several industry trends, including the global desire for post-COVID-19 preparedness and resilience, growing operational complexity, the aging industrial workforce and the urgent need to upskill next-generation recruits.

Honeywell data reveals the transformational impact HALO Operator Advisor can have on plant operations. Potential benefits include the reduction of 75% of incidents and human errors, leading to the recovery of $1.5 million annually per plant of production loss due to worker performance; a $2 million annual reduction in operational costs by optimizing worker productivity and training and advancing toward full autonomous plant operation; a $1.3 million annual savings in headcount through optimized production; and a $1 million savings in annual maintenance costs through improved equipment reliability.

HALO Operator Advisor will be available in October 2021. For more information, visit: https://www.honeywellprocess.com and check the HALO Operator Advisor Service Note.

About Honeywell Performance Materials and Technologies (PMT)
Honeywell PMT develops process technologies, automation solutions, advanced materials and industrial software that are transforming industries around the world. PMT's Advanced Materials businesses manufacture a wide variety of high-performance products including environmentally preferable materials used for the production of refrigerants, blowing agents, aerosols and solvents, pharmaceutical packaging, fine chemicals, additives and high strength-fiber for military, law enforcement and industrial use. Technologies developed by Honeywell UOP (www.uop.com), a leading provider in the oil and gas sector, form the foundation for most of the world's refiners, efficiently producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. Honeywell Process Solutions (www.honeywellprocess.com) is a pioneering provider of automation control, safety systems, field instrumentation, fuel delivery and burners, connected plant offerings, cybersecurity, tissue and packaging materials control systems, connected utility and metering solutions, and services for a wide range of industries.

About Honeywell
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Contacts:
Media	Investor Relations
Blake Herbert	Mark Bendza
(832) 252-5828	(704) 627-6200
Blake.Herbert@Honeywell.com	Mark.Bendza@honeywell.com

 

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SOURCE Honeywell

FAQ

What is Honeywell announcing on June 21, 2021 regarding stock symbol HON?

Honeywell announced the launch of HALO Operator Advisor, a software that enhances operator performance measurement.

When will HALO Operator Advisor be available for Honeywell (HON)?

The HALO Operator Advisor is set to be available in October 2021.

What industries will benefit from Honeywell's HALO Operator Advisor?

The HALO Operator Advisor targets industries such as oil and gas, chemicals, refining, and petrochemicals.

How does HALO Operator Advisor improve industrial operations for HON?

It uses machine learning to analyze enterprise data, providing insights to improve operator effectiveness and reduce incidents.

What savings are projected from implementing HALO Operator Advisor by Honeywell (HON)?

Projected savings include $1.5 million annually per plant and a $2 million reduction in operational costs.