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Honeywell Forge-Industrial IoT Analytics Platform

Honeywell Forge

ICT | Dec, 2019

Internet of Things (IoT) is a concept of connecting devices over the internet. Devices containing sensors are connected to an IoT platform which then retrieves data from these devices and applies analytics to share the information. Industrial Internet of Things or IIoT is a sub-segment of IoT which is used across various industries such as manufacturing, logistics, oil & gas, transportation, energy & utilities, mining & metals, aviation, among others. The IIoT refers to the computers, machines and people enabling intelligent industrial operations using advanced data analytics for transformational business outcomes. IIoT is gaining prominence in industries as it helps to optimize operational efficiency and opens up numerous opportunities for automation, asset management, industrial control, intelligent manufacturing & smart industry, among others.

IIoT Across Various Industries

IoT is the fundamental element behind the global industrial transformation which includes Industry 4.0 and IIoT. The manufacturing industry is the leading IIoT market as majority of spending in IoT is centered around this vertical. The major use cases of IoT include manufacturing operations, production asset management & maintenance and field services. Following, manufacturing, logistics & transportation is the second largest segment from IoT spending perspective. These companies are looking for moving up their value chain using advanced communications & monitoring systems enabled by IoT. Freight monitoring is the major use case of IoT in transportation & logistics industry.

IoT Analytics Platforms

IoT platforms form an integral part of the IoT architecture which connects the virtual and real world to enable communication, data & information flow, development of applications, among others, and provides analytics for connected devices. The different IoT platforms include connectivity platforms, data management platforms, Infrastructure as a Service (IaaS) or Cloud backend platforms, application enablement platforms and analytics platforms. The analytics platforms offer analytical tools such as machine learning, to extract valuable insights from IoT data.

Nowadays, many companies are launching several analytics platforms on which enterprises can rely upon to get best in class analytics services. One such industrial IoT analytics platform was launched in June 2019, by Honeywell known as the “Honeywell Forge”.

Honeywell Forge – An Overview

Honeywell Forge previously known as Honeywell Connected Plant, is a reboot version of the “Sentience” platform which was launched by the company in 2017. Honeywell Forge is portable and extensible collection of enterprise performance management software, which provides actionable recommendations and highlights the economic impacts for business intelligence and business. The software uses process, asset digital twins and role-based & comprehensive analytics, which help in improving the decision-making process, resulting in improving the equipment performance, reliability, profitability and sustaining overall performance of the process and assets. Basically, this is an enterprise performance management cybersecurity platform with Software as a Service (SaaS)-based modules which enfold asset, process and control performance. The new Forge cybersecurity platform provides assessments to analyze operation technology systems, software to secure and configure infrastructure, appliances, monitoring and remote management applications and incident response processes.