The Foundation of your Organization: EPM
Targeting Energy and Emissions with Digital Transformation
Enterprise Performance Management (EPM) is how organizations can monitor performance across their enterprise with the help of industrial-grade software solutions and applications. With the goal of improving business performance across the board, it is shocking that only about 8% of companies engage in core practices that support the widespread adoption of Artificial Intelligence (AI) and advanced analytics to improve operations. According to an article in the Harvard Business Review, most initiatives instead are typically ad hoc pilots focused on a discrete business process.
Digitally transforming your business can sound intimidating and expensive which is why so many companies have not begun the exploration of re-wiring their organization to be more AI-centric. However, the return businesses can see from EPM across assets, people and processes can transform asset and energy management at scale.
Empowering Decision Making with EPM
Honeywell Forge, an enterprise performance management solution for digital transformation of operations, includes a mix of industrial-grade software products and enabling services which help companies use operational data to drive insights. These data-driven insights can help you improve processes, enhance productivity, support sustainability initiatives and empower workers to make better and quicker business decisions centered around operational efficiency.
With Honeywell Forge industrial-grade applications, organizations can unite near-real-time data across assets, people and processes into a single system of record, capturing a broad view of data that can help you drive transformation and intelligent operations. By utilizing domain-specific AI and Machine Learning (ML) solutions, organizational stakeholders can surface inefficiencies for better decision making, mitigate risk, reduce costs and better support their sustainability goals.
Targeting Energy and Emissions
Reaching sustainability targets across an entire enterprise is a feat in itself, but with an increase in consumer pressure and investor analysis, managing ESG (Environmental, Social and Governance) goals without sacrificing occupant comfort is often difficult to achieve. As the importance of sustainability continues to rise, industrial-grade software is seen to be a key driver towards reaching a sustainable future and providing help to meet net-zero targets.
By enabling sustainable buildings with technologies that empower edge-to-cloud visibility and control and using predictive intelligence through enterprise performance management solutions, companies can transform asset and energy management across their entire enterprise. Emissions and operational performance can be managed using software to identify emissions sources and help you minimize fugitive emissions and leaks, or to capture and analyze data to help you re-work facility design, resulting in the opportunity for operations to run more sustainably.
Honeywell Forge EPM applications are working to help customers move beyond point solutions targeting energy and emissions into end-to-end solutions that utilize advanced analytics to help you identify and adjust emissions-related events, reduce operational risk and improve worker safety. Improved asset energy efficiency can ultimately help you decrease emissions, enabling organizations to better stay compliant with their environmental and emissions regulations, helping them work towards reaching net-zero targets and achieving their sustainability goals.
To discover more about why EPM is the foundation of your organization, listen here..