Verdantix Names Honeywell A Global Leader In Energy Management
Honeywell Sets New Standards in Energy Efficiency
MAKING SUSTAINABLE ATTAINABLE
Honeywell was recognized for its continued investment in its versatile data and artificial intelligence (AI) cloud platform Honeywell Forge for Buildings. Sustainability and enabling the energy transition is a strategic priority for Honeywell, and according to Verdantix, “Under Honeywell Forge for Buildings, the Carbon and Energy Management (CEM) module supports cost and carbon reductions for users through its integration with a range of BMSs and modeling of connected equipment using industry-standard ontology.”
OPEN SOLUTIONS ARE LEADING INDUSTRY STANDARDS
The report also discussed market sentiment whereby buyers prioritize open, integration-rich solutions, like Honeywell Forge for Buildings | Carbon Energy Management, which supports carbon reduction measures through a range of building management systems (BMSs) and modeling of connected equipment using industry standards. Verdantix also states that the “solution’s machine learning (ML) algorithms accommodate internal and external data sources – like occupancy data and energy pricing – to maximize savings.”
VERDANTIX GREEN QUADRANT 2023: A COMPREHENSIVE ANALYSIS
In summary, the Verdantix Green Quadrant: Energy Management Software 2023 analysis revealed a dynamic landscape where the energy management software market continues to evolve, with customers looking to extend their existing energy management software deployments, while vendors are pushing their solutions forward by incorporating greater levels of analytics – particularly those generated and processed by AI. Vendors are also working on different models of business support to implement and run their solutions on behalf of customers as part of a managed services offering.
TRANSFORMING THE ENERGY MANAGEMENT SOFTWARE MARKET: TRENDS AND INNOVATIONS
The market for energy management software (EMS) has undergone significant changes, moving from traditional frameworks to more comprehensive solutions that offer enriched functionality. According to the Verdantix report, there has been a clear shift in the market towards open and integration-rich solutions, such as Honeywell Forge for Buildings..
A COMMITMENT TO ENVIRONMENTAL IMPACT REDUCTION
Sadiq Syed, Vice President and General Manager of Honeywell Connected Buildings, says, “Honeywell is committed to reducing the environmental impact of buildings. We are passionate innovators and continue to extend the capabilities of Honeywell Forge for Buildings so we can make every day the best day of operations, and help reduce carbon emissions, energy consumption and lower utility costs for our customers.”
Methodology Overview
Our analysis is based on the Verdantix Green Quadrant methodology which includes live product demonstrations spanning one-and-a-half hours. During the demonstrations, we use scenarios designed to highlight the assessed functionality. Additionally, we evaluate vendor responses to a 66-point questionnaire that covers five technical, six functional and eight market momentum categories. To provide comprehensive insights, we also conducted interviews with a global range of corporate EMS users and reviewed the data from our 2023 global survey of 303 real estate executives
Discover how Honeywell's leadership in energy management can benefit your operations
Request A Demo
