New solution lets facility managers and building owners reposition their portfolios with cost savings and efficiencies, while improving tenant experience
Honeywell and SAP SE have partnered to create a joint cloud-based solution that will streamline and combine operational and business data to support better decision-making and drive greater efficiencies. The solution will be based on the Honeywell Forge autonomous buildings solution and the SAP Cloud for Real Estate platform.
The companies’ first area of focus will be the real estate industry, where building owners often need to pull data from disparate sources that are not normalised. This makes it extremely difficult to determine the true efficiency and utilization of their portfolios, said a statement.
The new solution is expected to enable facility managers and building owners to reposition their portfolios through cost savings and newly identified efficiencies, while also helping to improve tenant experience.
“Building owners today often struggle to get the real-time data they need to determine the true efficiency and utilisation of their portfolios. Honeywell and SAP together will provide insights from the boiler room to the boardroom that make it easier for our customers to get a true picture of how to optimize building performance, lower carbon emissions to meet sustainability goals, reduce energy costs and help enhance occupant experience. Having this information readily accessible will allow our customers to generate tremendous business value while becoming more sustainable, and it will greatly enhance the appeal of their buildings to renters and tenants,” said Honeywell chairman and CEO Darius Adamczyk.
As buildings come back online in the midst of the COVID-19 pandemic and economic crisis, owners are expected to focus on key performance indicators (KPIs) tied to enhanced occupant safety and reduced carbon footprint along with energy savings. By providing real-time access to these KPIs, the joint offering will help building owners optimize their operations to meet aggressive energy savings targets and substantially reduce maintenance hours, the statement explained.
Christian Klein, CEO of SAP said its partnership with Honeywell will significantly change the game in digital and intelligent real estate management.
“Customers will greatly benefit from the single holistic view provided by our offering dashboard. With the addition of Qualtrics, companies can also collect employee sentiment data to provide a complete 360-degree experience measurement while optimizing occupant productivity, building performance and their entire real estate portfolio. With embedded artificial intelligence and data analysis, our solution will enable managers to determine their optimal office use and adjust their portfolios to reflect varying economic, environmental and regulatory conditions,” explained Klein.