Smart building specialist Honeywell announced the launch of a cloud-based solution for building owners and managers that streamlines and combines operational and business data to support better decision-making.
The new solution, dubbed 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 a 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, according to Honeywell.
“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 provides users with information about the availability of critical assets, the number of open services cases and corresponding capital and operational costs. Additionally, users can gain visibility into the compliance of safety practices, including indoor air quality and capacity limits.
The solution also provides real-time visibility into energy consumption metrics to help companies track their sustainability goals, while also helps visualize building utilization, including its impact on the operational and financial performance of buildings.
“The commercial real estate market is rapidly moving toward a frictionless experience, accelerated in large part by planning for a return to site,” Shuja said. “The combination of optimizing real estate performance plus a mobile-driven occupant experience provides our customers with a powerful set of solutions to digitally transform and adopt to these new dynamics. With our expanding set of solutions, Honeywell is helping customers manage the changing requirements of today’s office managers and workers, including safety, security and compliance requirements.”