Honeywell Recognized for Innovation in APM by Verdantix
HONEYWELL RECOGNIZED FOR INNOVATION IN ASSET PERFORMANCE MANAGEMENT (APM) SOFTWARE
Independent research firm names Honeywell as an ‘innovator’ in APM solutions
ATLANTA, Oct. 17, 2022 – Honeywell (Nasdaq: HON) today announced that it has emerged as an innovator in the independent research firm Verdantix’s Green Quadrant – Asset Performance Management (APM) Solutions 2022 report. Verdantix measured vendors across a wide range of capabilities including Data Capture, Integration, Cyber Security, Maintenance Optimization, and Environmental Performance. Honeywell emerged as an “innovator” based on the breadth and depth of its software functionality across these core areas.
Verdantix recognized Honeywell for its ability to:
- Capture data from imaging systems, IoT devices and mobile apps. “Enables the unification of asset and process data from various sources and organizes them within a secure cloud environment.”
- Unify asset and operational data to support reliability analysis. “Has combined decades of process modeling experience with predictive machine learning (ML) analytics to create a digital twin that improves reliability.”
- Optimize production. “APM optimization module allows teams in charge of production levels to use asset and process data to discover underperforming components in their processes.”
“We are proud to be acknowledged as an innovator in the Green Quadrant report from Verdantix, which further recognizes the capabilities of our Honeywell Forge APM solution to help optimize asset performance, bring order to maintenance planning, and counteract supply chain disruptions,” said Anand Vishnubhotla, chief product officer, Honeywell Connected Industrials.
Honeywell’s integrated full product and services portfolio helps customers realize benefits and value by providing end-to-end asset reliability with a focus on delivering outcomes. Honeywell Forge APM goes beyond traditional machine monitoring and data gathering. By merging decades of machine modeling experience with modern cloud analytics, Honeywell digital twins predict machinery availability, drill to the root cause of inefficient machine operation, and bring order to reliability and maintenance planning.
More information about Honeywell Forge APM can be found here.
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.