Product News: Software
Decision Support Software helps companies optimize processes.
Press Release Summary:
May 22, 2012 - To help companies in process industries optimize operation, Intuition(TM) Executive delivers enterprise-wide information management, decision support, and collaboration tools. Data processing and analytics capabilities enable software to anticipate problems and identify opportunities, while collaboration tools highlight and capture expert knowledge, share information, as well as help users make decisions and take action in order to drive intelligent operations and solve key challenges.
Original Press Release
Honeywell Announces Global Launch of Enterprise-Wide Software for Process Industries
Press release date: May 9, 2012
HOUSTON - Honeywell (NYSE:HON) today announced the global launch of Intuition Executive, the flagship product of its new Intuition software portfolio. Intuition Executive delivers enterprise-wide information management, decision support and collaboration tools to help companies achieve operational excellence.
Companies in the process industries often use dozens of applications and hundreds of spreadsheets to manage complex production operations, monitor processes and make operating decisions. These systems are usually either completely isolated or are connected with complex, custom-designed interfaces that make it difficult to use the data effectively and maintain data integrity.
With its sophisticated data processing and analytics capabilities, Intuition Executive solves this critical challenge. The software anticipates problems and identifies opportunities. Its collaboration tools highlight and capture expert knowledge, share information and help users to make more agile decisions and take action in order to drive intelligent operations and solve key challenges. For companies in the process industry this results in increased efficiency and the ability to manage and respond to volatile energy costs, complex regulatory changes, and real-world safety challenges.
"Data integration and visualization is a must have for our customers today," said Ian Brown, vice president & general manager, Advanced Solutions, Honeywell Process Solutions. "The ability to see, understand and act on the relationships within critical data is key to creating competitive advantage, and this can only be achieved when all applications and underlying data are amalgamated. Once you do this, you can identify and take advantage of opportunities earlier, mitigate potentially damaging plant events and make confident business decisions."
Intuition Executive is developed on and extends the functionality of Microsoft Corp. technologies such as Microsoft SharePoint 2010, SQL Server and StreamInsight to meet the requirements of industrial operations.
"Monitoring and analysing data in motion leads to earlier event detection and faster decision making. Combining business intelligence and analytics tools with existing workflows empowers organizations with the ability to take immediate action and stay ahead in today's highly competitive industrial marketplace," said Caglayan Arkan, general manager, Worldwide Manufacturing and Resources Sector, Microsoft. "Combined with Microsoft technologies, Intuition Executive is positioned to take advantage of computing power and complex event processing technology to analyze large data streams."
Intuition Executive is part of the growing family of Intuition solutions that solve key industry needs such as operations monitoring, alarm management, asset management, remote operation centers, and business process optimization. Powered by Matrikon, Intuition Executive is vendor neutral and will connect to any control system or underlying data source.
For further information, please visit www.honeywellprocess.com/digitalplant
About Honeywell Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywellprocess.com.