HONEYWELL TO POWER ENERGY SECTOR WITH NEW ARTIFICIAL INTELLIGENCE SOLUTIONS
Company deploys decades of domain data and
industry expertise to integrate artificial intelligence into traditional industrial
processes to improve efficiency and solve complex problems
Mumbai,
October 3, 2024 – Honeywell
(NASDAQ: HON) is introducing new artificial
intelligence (AI)-enabled solutions
designed to help employees work smarter, make systems more efficient and allow
plant operations to accelerate the path to autonomy. By combining decades of industry
knowledge and deep domain data with the latest AI technologies, including
Honeywell Forge, Honeywell is infusing AI into both new and existing solutions.
This provides companies with an end-to-end AI experience for the worker in the
field, the process operator in the control room and executives at an enterprise
level.
Today’s
energy industry faces several challenges, including a widespread shortage of
skilled talent to run facilities and a need to enhance efficiency while
maintaining accuracy and quality. To address these challenges, Honeywell’s AI
solutions can help enhance decision-making speed, operational efficiency and
workforce productivity while also upskilling the workforce through enhanced
training. To further expand the solutions available for the energy sector,
Honeywell also announced a partnership with Chevron to develop
additional advanced AI-enabled solutions focused on enhancing refining operations.
Honeywell’s
new AI capabilities include the Experion
Operations Assistant, which integrates explainable AI into the industrial
process to help operators identify production issues and offer step-by-step
guidance to address the issue. With an Experion Operations Assistant running
alongside plant operators, companies can optimize operations and less
experienced operators can build new expertise more quickly by gaining access to
the decades of industry knowledge within their company.
Honeywell
recently commissioned and surveyed
1,600 executive AI leaders around the world and found that nearly two-thirds of
all respondents said increasing worker efficiency and productivity is the most
promising use of AI. The integration of AI to optimize operations to improve
efficiency and upskill the workforce supports Honeywell’s alignment
of its portfolio to three powerful megatrends, including automation.
“As
the industrial workforce experiences a skills and experience gap globally, the
worker is still an integral part of the automation journey,” said Lucian
Boldea, President and CEO of Honeywell Industrial Automation. “Honeywell’s
technologies are enabled by AI to help improve the performance of the
industrial workforce – enabling workers to increase efficiency and rapidly
accelerate their time to expertise.”
Honeywell
is launching a new AI-enabled solution:
Honeywell
Field Process Knowledge System (PKS) and its “field assistant” with AI
powered by Honeywell Forge is designed to make operations and maintenance
actions easier, safer and more accurate. It consists of a web-based application
for supervisors, and a mobile device for field workers that provides a single
pane of glass for all field-related tasks including operations, maintenance,
permits, documentation and more.
Honeywell
is also adding AI-assisted capabilities to its existing solutions including:
Honeywell
Experion® PKS, an industry-leading distributed control system, now
incorporates comprehensive operations support with predictive advisories,
recommendations and troubleshooting. It also offers access to the AI-assisted Experion
Operations Assistant to improve production and help keep system operations
at optimum levels. Honeywell AI-enabled services and advice can provide
predictive notification of issues with recommended actions throughout the
entire lifecycle of the facility. The solution provides engineering support for
faster project startup and day-one ready operations.
Honeywell
Production Intelligence is designed to contextualize Operational Technology
(OT) and Information Technology (IT) data from onsite operations to deliver meaningful
insights and analytics-driven recommendations for executives across the
business. Additionally, it provides near real-time monitoring, diagnosis, and
predictive modules to help address and prevent future production issues.
For
more information on Honeywell’s suite of AI solutions, please visit Honeywell.com.
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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.