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Honeywell and Chevron join forces to develop AI-enabled alarm management solutions, improving efficiency and safety in industrial automation.
Honeywell and Chevron have joined forces in a groundbreaking partnership to create AI-enabled solutions for refinement processes. This joint effort aims to not only improve operations but also empower workers through the use of advanced AI-based technologies. Key initiatives of the collaboration include the development of a new generation of alarm management solutions that promise to revolutionize the industry.
The central objective of this partnership is to improve efficiency and safety through alarm management solutions using artificial intelligence. The companies aim to integrate these technologies to provide a more effective approach to operational management. In addition, the application of innovative tools will enable faster and more accurate responses to critical situations, ensuring a safer and more efficient work environment. By adopting AI, Honeywell and Chevron hope to lead the way in industrial modernization and increased productivity.
Honeywell (NASDAQ: HON) today announced a strategic partnership with Chevron (NYSE: CVX) to develop advanced artificial intelligence (AI)-powered solutions to improve operational efficiency in refining processes and increase productivity. operator safety inside the industrial automation.
Improved performance and reliability
These innovative solutions recently introduced by Honeywell are designed to enhance operator performance, optimize productivity and enhance reliability as businesses continue to move toward autonomous operations. The partnership between the two companies aims to leverage their deep domain knowledge and industry expertise to develop a new generation of alarm management solutions AI-assisted, helping operators make decisions to increase efficiency, improve safety and ensure the reliability of process operations and industrial assets.
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Innovative methods for improving operations
These new technologies will include an Alarm Guidance application that will provide operators with guided and specific actions to effectively respond to alarms and operational events, helping to reduce lost profit opportunities and in the prevention of process safety incidents. Using AI, the system will analyze historical data on past actions to identify alarm patterns and corresponding operator actions that successfully return the process to normal operation.
'You advances in generative AI will change how companies like Chevron innovate, learn and solve problems in their plants,' said Lucian Boldea, President and CEO of Honeywell Industrial Automation. AI-driven automation is crucial to addressing the workforce shortage in the sector, through the capture of institutional knowledge, digitalization of workflows and acceleration of learning curve for future generations, Boldea said.
Integrating AI into the system
Through this partnership, Chevron operators will also be able to incorporate AI into Honeywell’s Experion® distributed control system (DCS), future-proofing them and ensuring they are better informed in the control room. Integrating AI to optimize operations and improve efficiency, as well as upskill the workforce, supports Honeywell’s portfolio alignment with three powerful megatrends, including automation.
The collaboration between Chevron and Honeywell marks a pivotal moment in the evolution of AI assisting human operators in industrial plants. By co-innovating AI-enabled operational guidance solutions, both companies are establishing new efficiency standards, security and reliability in refining processes.
New Opportunities Notice
This collaboration not only addresses current industry challenges, but also paves new paths for future advancements, ensuring that both Chevron and Honeywell remain at the forefront of innovation. For more information about Honeywell’s suite of AI solutions for industries, including Honeywell Field Process Knowledge System, Experion Operations Assistant and Honeywell Production Intelligence, visit Honeywell.com.
About Honeywell: Honeywell is an integrated operating company serving a broad range of industries and geographic regions around the world. Our business is aligned with three powerful trends – automation, the future of aviation and the energy transition – all underpinned by our operating system. Honeywell Accelerator and the Honeywell Forge IoT platform.
As a trusted partner, we help organizations address the world's toughest and most complex challenges by delivering actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer, more secure and more sustainable.
For more news and information about Honeywell, visit www.honeywell.com/newsroom.
Source: © HONEYWELL Press
