Honeywell has launched a cloud-based solution that streamlines and combines operational and business data for building owners and managers to support better decision-making, drive greater efficiencies and reach sustainability goals. The new solution, Honeywell Forge Real Estate Operations, extends the capabilities of Honeywell Forge enterprise performance management software and was jointly developed with SAP on the SAP Business Technology Platform.
Honeywell Forge Real Estate Operations is an out-of-the-box cloud-based analytics application. The SaaS solution aggregates the financial, employee and real estate data of SAP with Honeywell’s buildings data, IoT sensor data and building management system insights. Real estate portfolio owners, managers and operators can use actionable insights from the software to help optimize their real estate performance across multiple dimensions of building performance. The data is delivered to users in a simple, easy-to-digest scorecard.
“Until today, real estate portfolio managers often have had to wade through a fragmented set of disconnected data about their buildings, which has resulted in significant inefficiencies,” said Usman Shuja, vice president and general manager of Connected Buildings for Honeywell. “Honeywell’s partnership with SAP has led to a solution that unifies IT data, OT data and occupant information, providing customers with new visibility into the performance of their real estate portfolios.”
“We have provided feedback on the Honeywell Forge Real Estate Operations product throughout its development and believe it has significant potential to help Real Estate organizations improve portfolio performance across multiple dimensions”, said Matthias Grimm, Vice President-Head of Global Real Estate and Facilities at SAP. “In addition, we are piloting Honeywell Forge as part of the planning process for our own internal real estate transformation.”
Honeywell Forge Real Estate Operations can help improve:
- Operational readiness. The solution quickly provides users with information about the availability of critical assets, the number of open services cases and corresponding capital and operational costs.
- Occupant safety. Users can gain visibility into the compliance of safety practices, including indoor air quality and capacity limits.
- Sustainability. The solution provides real-time visibility into energy consumption metrics to help companies track their sustainability goals.
- Financial intelligence. Combined OT and IT data provides users with a comprehensive picture of the overall financial health of their entire building portfolio to understand underperforming locations and detect financial trends. The solution also closely monitors the financial impact of operational investments.
- Occupant experience. The solution enables building managers to maintain a comfortable environment for occupants.
- Occupant utilization. Honeywell Forge Real Estate Operations helps visualize building utilization, including its impact on the operational and financial performance of buildings.