Improving bottom line performance with integrated building systems

June 26, 2019 by John Hatcher
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Improving bottom line performance with integrated building systems

Honeywell says that the volume and complexity of the data generated by business processes have grown so great that specialist tools are now required to handle, store and evaluate it. However, analysed correctly, this information can provide invaluable insights into how resources, including buildings and services, are being used. The company will be demonstrating how to drive efficiencies within buildings at its Tech Day which will be taking place at Wembley Stadium on Tuesday, September 10, 2019

Irrespective of whether a building is classed as ‘smart’ or not, the systems in it are already creating vast amounts of data, which is unlikely being used to its full potential. Fortunately, the increasing power and versatility of analytics and network connectivity is starting to provide a solution, which in turn is shaping how businesses think about the digitisation of facility management.

For example, according to a recent Honeywell survey [1], more than 80 percent of senior executives now consider it important to adopt a holistic approach to digitisation. The findings also revealed that respondents believe that better enterprise management tools will deliver superior levels of predictive information, leading to safer and more secure facilities. They additionally expect technology to provide a more efficient use of resources and better real-time decision making, which will help drive up productivity and enhance profitability.

A comprehensive approach to digitisation

This growing level of understanding is making it easier for software solution providers to bring to market the tools and services needed to transform the management of buildings to improve things such as energy consumption and space usage. However, issues still remain.

Many building portfolios contain multiple disconnected systems. Often these do not communicate with each other, leading to manual maintenance, data trapped in proprietary systems, disconnected teams, over- or underused space and a poor occupant experience. However, when properly deployed, a fully integrated digital system can help overcome these obstacles, cutting operating costs by monitoring and controlling building processes across an entire business.

To achieve the best possible outcomes these types of software applications need to offer a range of features. For example, cloud-base storage makes data available when and where it’s needed. They also need to be able to convert massive quantities of data from equipment, processes and people into actionable insights. The results must be intuitive and centralised; all accessible from a single screen. This, in turn, can help users to identify efficiencies, optimise business processes and enhance safety.

The Honeywell Forge solution, part of the company’s Enterprise Performance Management for Operations Technology range of applications, have been designed to be easy to integrate into existing hardware and software systems. This not only helps control rollout costs, it also ensures minimal disruption during implementation. Importantly, Honeywell Forge incorporates the latest cybersecurity protections for added peace of mind.

Find out how Honeywell Building Solutions can drive efficiencies within your building at the Honeywell Tech Day, hosted at Wembley Stadium on Tuesday, September 10, 2019. Find out more information here.


[1] In April 2019 KRC Research surveyed 600 US business professionals in senior roles who make decisions related to IIoT purchasing and investment across the following industries: aerospace and defence, non-residential buildings/city management, speciality chemicals, supply chain, logistics and industrial productivity, oil, gas and petrochemicals and safety equipment manufacturing.

 

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