Honeywell Unveils AI Solutions to Enhance Efficiency in Energy Sector

Company says it deploys decades of domain data and industry expertise to integrate AI into traditional industrial processes to improve efficiency and solve complex problems.

Highlights

  • Launch of AI-enabled solutions designed to improve operational efficiency in the energy sector.
  • Partnership with Chevron to develop advanced AI solutions for refining operations.
  • Nearly two-thirds of executive AI leaders prioritise worker efficiency and productivity.

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Honeywell Unveils AI Solutions to Enhance Efficiency in Energy Sector
Honeywell has launched a suite of new artificial intelligence (AI)-enabled solutions designed to help employees work smarter, make systems more efficient, and improve operational efficiency in the energy industry. By integrating decades of industry knowledge and deep domain data with AI technologies, including Honeywell Forge, Honeywell says it is infusing AI into both new and existing solutions.

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Enhancing Decision-Making and Productivity

This provides companies with an end-to-end AI experience for workers in the field, process operators in the control room, and executives at the enterprise level, Honeywell said in an official release.

Honeywell claims its AI solutions can enhance decision-making speed, operational efficiency, and workforce productivity while also upskilling the workforce through enhanced training.

To further expand the solutions available for the energy sector, Honeywell also announced a partnership with Chevron, an American multinational energy company, to develop additional advanced AI-enabled solutions focused on enhancing refining operations.

According to Honeywell, key features of the new AI capabilities include the Experion Operations Assistant, which integrates explainable AI to assist operators in identifying and resolving production issues quickly. This innovation not only optimises operations but also supports less experienced staff in gaining expertise.

New AI-enabled solution:

Another offering is the Field Process Knowledge System (PKS) and its "field assistant," powered by Honeywell Forge, which includes a web-based application for supervisors and a mobile app for field workers. This system streamlines operations, maintenance, and documentation tasks, making them easier and safer, Honeywell said.

Also Read: OpenAI Raises USD 6.6 Billion to Accelerate AI Research and Expansion

Survey Results

The company cited its recent survey of 1,600 executive AI leaders around the world, which revealed that nearly two-thirds view-enhancing worker efficiency and productivity as the most promising application of AI.

"The integration of AI to optimise operations, improve efficiency, and upskill the workforce supports Honeywell's alignment of its portfolio with three powerful megatrends, including automation," the official release said.

"As the industrial workforce experiences a skills and experience gap globally, the worker remains an integral part of the automation journey," said Lucian Boldea, President and CEO of Honeywell Industrial Automation. "Honeywell's technologies, enabled by AI, help improve the performance of the industrial workforce, enabling workers to increase efficiency and rapidly accelerate their time to expertise."

Also Read: Infosys and Its Recent Advances in AI Partnerships

Enhancing Existing Solutions

Honeywell also said it is enhancing its existing solutions, including the Experion PKS and Honeywell Production Intelligence, with AI-assisted features. The Experion system now offers predictive advisories and troubleshooting support, while Production Intelligence contextualises Operational Technology (OT) and informational technology (IT) data to deliver actionable insights.

Reported By

Kirpa B is passionate about the latest advancements in Artificial Intelligence technologies and has a keen interest in telecom. In her free time, she enjoys gardening or diving into insightful articles on AI.

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