Honeywell (Nasdaq: HON) announced the addition of Operator Advisor to its Experion® Highly Augmented Lookahead Operations (HALO) suite. This powerful software solution enables plant owners to objectively measure gaps and drive operator effectiveness to the next level. This market-first solution presents users – including oil and gas, chemical, refining and petrochemical organizations – with a consolidated scorecard of enterprise automation utilization and recommended steps to address performance-related gaps.
Honeywell’s solution uses machine learning-powered analytics, a type of artificial intelligence (AI), to gather insights from enterprise data sources such as distributed control systems and funnel those insights into dashboards. These dashboards can provide operations managers and supervisors with a clear and complete view of operator performance and improvement opportunities.
By understanding how operator actions, inactions and workload levels contribute to optimal production, organizations can develop targeted training programs, make strides toward autonomous operations and build process resilience – all of which can help them better compete in the digital age.
With a heightened awareness of Industry 4.0, the industrial automation market is expected to reach $306.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027.
“The industrial sector is rapidly moving towards full automation, helped by the introduction of new digital technologies at both the plant and enterprise levels, offering the potential to augment people and processes to an unprecedented degree,” said Hesham Tashkandi, vice president and general manager, Honeywell Performance Materials and Technologies, Middle East. “Advanced functions, such as AI and machine learning, are changing how people work in the industry, resulting in greater safety at plants as well as changing roles such as the upskilling of workers. The HALO suite facilitates the industrial digitalization and autonomy shift by improving plant performance, uptime and reliability.”
As part of Honeywell’s Workforce Excellence portfolio, HALO Operator Advisor is a timely response to several industry trends, including the global desire for post-COVID-19 preparedness and resilience, growing operational complexity, the aging industrial workforce and the urgent need to upskill next-generation recruits.
Honeywell data reveals the transformational impact HALO Operator Advisor can have on plant operations. Potential benefits include the reduction of 75% of incidents and human errors, leading to the recovery of $1.5 million annually per plant of production loss due to worker performance; a $2 million annual reduction in operational costs by optimizing worker productivity and training and advancing toward full autonomous plant operation; a $1.3 million annual savings in headcount through optimized production; and a $1 million savings in annual maintenance costs through improved equipment reliability.
HALO Operator Advisor will be available in October 2021. For more information, visit: https://www.honeywellprocess.com and check the HALO Operator Advisor Service Note.
 Industrial Automation Market to Reach $306.2 Billion by 2027 — Exclusive Report Covering Pre and Post COVID-19 Market Analysis and Forecasts by Meticulous Research®
Source: Four Communications