Gulf Construction Online - Honeywell, SAP forge ahead in real estate

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Honeywell, SAP forge ahead in real estate

01 July 2020

Global automation giant Honeywell has teamed up with software major SAP SE 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 normalised, says Honeywell, adding that this makes it extremely difficult to determine the true efficiency and utilisation 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 artificial intelligence (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 optimise 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 per cent of total energy consumption in commercial buildings, an AI-automated system such as Honeywell Forge can save up to 23 percent in energy costs, it states.

Honeywell Chairman and CEO Darius Adamczyk says: “Building owners today often struggle to get the real-time data they need to determine the true efficiency and utilisation of their portfolios. “Honeywell and SAP together will provide insights from the boiler room to the boardroom that make it easier for our customers to get a true picture of how to optimise building performance, lower carbon emissions to meet sustainability goals, reduce energy costs and help enhance occupant experience. Having this information readily accessible will allow our customers to generate tremendous business value while becoming more sustainable, and it will greatly enhance the appeal of their buildings to renters and tenants.”

Christian Klein, the Chief Executive Officer of SAP, says: “Customers will greatly benefit from the single holistic view provided by our offering dashboard.

“With embedded artificial intelligence and data analysis, our solution will enable managers to determine their optimal office use and adjust their portfolios to reflect varying economic, environmental and regulatory conditions.”