Honeywell and SAP SE announced that they have teamed up to create a joint cloud-based solution based on Honeywell Forge, the company’s enterprise performance management offering, and SAP Cloud Platform that will streamline and combine operational and business data to support better decision-making and drive greater efficiencies.
The companies’ first area of focus will be the real estate industry, where building owners often need to pull data from disparate sources that are not normalized. This makes it extremely difficult to determine the true efficiency and utilization of their portfolios.
Drawing on the power of the Honeywell Forge autonomous buildings solution and the SAP Cloud for Real Estate solution, the new offering will enable facility managers and building owners to reposition their portfolios through cost savings and newly identified efficiencies, while also helping to improve tenant experience. Honeywell Forge powers a new AI-driven autonomous control capability that makes automatic adjustments to maintenance, comfort and sustainability.
As buildings come back online in the midst of the COVID-19 pandemic and economic crisis, owners are expected to focus on key performance indicators (KPIs) tied to enhanced occupant safety and reduced carbon footprint along with energy savings. By providing real-time access to these KPIs, the joint offering will help building owners optimize their operations to meet aggressive energy savings targets and substantially reduce maintenance hours. For example, in the HVAC operation alone, which is known to account for 35 percent of total energy consumption* in commercial buildings, an AI-automated system, such as Honeywell Forge, can save up to 23 percent in energy costs.
The solution from Honeywell and SAP will provide customers with easy access to a wider range of pertinent real estate data, including energy performance, security, maintenance, rent, taxes, location, regulations, lease terms and other costs. The solution will include:
- Predefined extensible dashboards combining information technology and operational technology KPIs, leveraging artificial intelligence
- Monitoring and reduction of annual energy spend, resulting in reduced carbon footprint and greater energy efficiency, even as maintenance hours decrease
- A harmonized data architecture that connects building data from Honeywell with real estate and financial data from SAP
- Combined human comfort KPIs with measured experience KPIs