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INDIA, October 3, 2024 – Honeywell (NASDAQ: HON) is introducing new artificial intelligence (AI)-enabled solutions designed to help employees work smarter, make systems more efficient and allow plant operations to accelerate the path to autonomy. By combining decades of industry knowledge and deep domain data with the latest AI technologies, including Honeywell Forge, Honeywell is infusing AI into both new and existing solutions. This provides companies with an end-to-end AI experience for the worker in the field, the process operator in the control room and executives at an enterprise level.

Today’s energy industry faces several challenges, including a widespread shortage of skilled talent to run facilities and a need to enhance efficiency while maintaining accuracy and quality. To address these challenges, Honeywell’s AI solutions can help enhance decision-making speed, operational efficiency and workforce productivity while also upskilling the workforce through enhanced training. To further expand the solutions available for the energy sector, Honeywell also announced a partnership with Chevron to develop additional advanced AI-enabled solutions focused on enhancing refining operations.

Honeywell’s new AI capabilities include the Experion Operations Assistant, which integrates explainable AI into the industrial process to help operators identify production issues and offer step-by-step guidance to address the issue. With an Experion Operations Assistant running alongside plant operators, companies can optimize operations and less experienced operators can build new expertise more quickly by gaining access to the decades of industry knowledge within their company.

Honeywell recently commissioned and surveyed 1,600 executive AI leaders around the world and found that nearly two-thirds of all respondents said increasing worker efficiency and productivity is the most promising use of AI. The integration of AI to optimize operations to improve efficiency and upskill the workforce supports Honeywell’s alignment of its portfolio to three powerful megatrends, including automation.

“As the industrial workforce experiences a skills and experience gap globally, the worker is still an integral part of the automation journey,” said Lucian Boldea, President and CEO of Honeywell Industrial Automation. “Honeywell’s technologies are enabled by AI to help improve the performance of the industrial workforce – enabling workers to increase efficiency and rapidly accelerate their time to expertise.”

Honeywell is launching a new AI-enabled solution:

Honeywell Field Process Knowledge System (PKS) and its “field assistant” with AI powered by Honeywell Forge is designed to make operations and maintenance actions easier, safer and more accurate. It consists of a web-based application for supervisors, and a mobile device for field workers that provides a single pane of glass for all field-related tasks including operations, maintenance, permits, documentation and more.

Honeywell is also adding AI-assisted capabilities to its existing solutions including:

Honeywell Experion® PKS, an industry-leading distributed control system, now incorporates comprehensive operations support with predictive advisories, recommendations and troubleshooting. It also offers access to the AI-assisted Experion Operations Assistant to improve production and help keep system operations at optimum levels. Honeywell AI-enabled services and advice can provide predictive notification of issues with recommended actions throughout the entire lifecycle of the facility. The solution provides engineering support for faster project startup and day-one ready operations.

Honeywell Production Intelligence is designed to contextualize Operational Technology (OT) and Information Technology (IT) data from onsite operations to deliver meaningful insights and analytics-driven recommendations for executives across the business. Additionally, it provides near real-time monitoring, diagnosis, and predictive modules to help address and prevent future production issues.

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How did the concept of smart integration develop for Radius, what is the motto of Radius Synergies and how has it helped in humanizing machines?

The concept of smart integration was taken up by Radius with the vision to forge a seamless co-existence between humans and machines. Beginning its journey in 1998, Radius has always envisioned a world where technological advancements not only enhance efficiency but also contribute to a sustainable and harmonious future. This vision is encapsulated in our smart cloud-based IoT platform, Xenius.
The motto of Radius Synergies is “Architecting a Brighter Future in Unison.” This motto reflects our commitment to innovate and integrate cutting-edge technologies to create a sustainable and greener world. The emphasis is on bringing harmony between technological advancements and ecological well-being along with a focus on improving efficiencies and reducing human exertion.

The Xenius smart platform stands as a testimony to this commitment. It serves to analyze and optimize power usage in real time, offering individuals the ability to manage and reduce their energy consumption. The technology is designed to adapt to users’ preferences and habits, ensuring a sustainable lifestyle without compromising comfort and convenience. In essence, it’s a perfect blend of technological innovation and user-centric design.

This approach to technology epitomizes the thought of humanizing machines. By making technology adaptable to human needs and behaviors, Radius Synergies ensures that machines not only serve functional purposes but also enhance the quality of human life. The smooth integration of technology with daily life, guided by the principle of sustainability, marks the essence of Radius’ mission to create a better world where humans and machines coexist and thrive in harmony.

What are the products offered by Radius Synergies?

In line with its mission of “Humanizing Machines”, Radius has meticulously crafted solutions for diverse sectors, fostering efficiency and sustainability. These encompass:
Smart Prepaid Metering: Enabling real-time measurement and management of electricity supply.

Integrated Building Management System: Optimizing building performance by integrating and correlating critical functions power consumption, street light management, water distribution management, environment monitoring, etc. in a holistic manner

Smart ESS (Electrical Substation Systems): Optimizing the distribution infrastructure towards the realization of a Smart Grid.

DG Monitoring: Optimizing generator output through real-time monitoring and ensuring reliable backup.

Solar Monitoring: Offering real-time data on solar panel performance and integrating it with other supply sources (like grid, Diesel Generator, etc.) for optimized usage and performance, including net-metering.

EVCD (Electric Vehicle Charging and Discharging): Streamlining EV charging and revenue management.

Energy Management System: Optimizing power consumption and reducing CO2 emissions.

Each solution is meticulously designed to not only enhance technological efficiency but also align with sustainability goals. By amalgamating cutting-edge technology with real-world applications, Radius is fundamentally transforming the way machines interact with and serve humans, promoting a more sustainable and harmonious future.

What are the advantages of smart integration of electricity into human lives?

The smart integration of electricity into human lives heralds a new era of convenience, efficiency, and sustainability. This paradigm shift brings forth a multitude of advantages that impact various aspects of daily living, contributing to an enhanced quality of life. Smart electricity simplifies daily tasks, automating routines things like setting reminders, managing schedules, and controlling appliances. This streamlines activities, saving time and effort. It enables better control over energy consumption. Devices can be automated or remotely controlled to minimize wastage, leading to reduced energy bills and a smaller environmental footprint. Smart devices often come with integrated security features such as cameras, sensors, and alarms. This enhances the safety of homes and premises, providing real-time monitoring and alerts in case of any anomalies.

Although initial investments might be higher, smart integration can result in long-term financial savings. Efficient energy use and preventive maintenance reduce costs in the long run.

Smart electricity can be tailored to individual preferences. From adjusting lighting to preferred levels to curating entertainment choices, personalization enhances user experience. It allows control and access to devices remotely via smartphones or other devices connected to the internet. This connectivity provides flexibility and peace of mind, especially for travelers or individuals constantly on the move. Notably, the smart integration of electricity transforms the way individuals interact with their surroundings, bringing forth a multitude of benefits that not only simplify daily life but also contribute to a sustainable and advanced future.
How does a person interact with the Radius synergies interface?
Interacting with the Radius Synergies interface is designed to be intuitive and user-friendly, aiming to provide a seamless experience for individuals. Users can access the interface through various devices like smartphones, tablets, laptops, or desktop computers. The aim is to empower users with a smart, accessible platform that grants them control over their energy consumption and the ability to contribute to sustainability efforts. Radius Synergies’ interface is structured to facilitate a proactive approach to energy management while being accessible to users of varying technical expertise. All-access is based on strong authentication and authorization to ensure security and privacy.

What future do you envision of Spartech being included in the energy sector?

The integration of smart technology in the energy sector is a glimpse into an exciting and transformative future. This synergy promises to reshape how we generate, distribute, and consume energy, creating a more sustainable and efficient ecosystem. Smart technology will optimize the integration and use of multiple energy sources like grid, and renewable energy sources like solar and wind. Artificial Intelligence (AI) algorithms can forecast energy production based on weather patterns, allowing for better grid management and storage. Smart devices will enable demand-side management by allowing consumers to schedule energy-intensive tasks during off-peak hours. This reduces strain on the grid during high-demand periods and contributes to cost efficiency.
It will facilitate the creation and management of microgrids, localized grids that can disconnect from the traditional grid and operate autonomously. This enhances resilience during outages and promotes decentralized energy production. Advanced energy storage solutions integrated with smart technology will help store excess energy and release it when demand is high. This balances the grid load and ensures a continuous and reliable energy supply. Smart grids will become more prevalent, equipped with sensors and real-time monitoring. AI will analyze data to predict failures, optimize energy distribution, and reduce transmission losses.
Smart technology will facilitate the electrification of transportation. Electric vehicles will integrate with the grid, charging during off-peak times and discharging during peak demand, contributing to grid stability. Smart meters and real-time energy monitoring apps will empower consumers to understand and manage their energy consumption effectively. This awareness will drive energy-saving behaviors and contribute to overall sustainability. AI algorithms will provide deep insights into energy consumption patterns and suggest personalized energy-saving tips to consumers, encouraging sustainable practices.

The future of smart tech in the energy sector will be a harmonized, efficient, and sustainable energy landscape. It will empower both consumers and providers to make informed decisions, optimize resources, and collectively work towards a greener and more sustainable world.

What are the next steps of Radius to promote and establish a more connected and advantageous sector?

The next steps for Radius in advancing a connected and advantageous sector revolve around innovation, collaboration, and a steadfast commitment to sustainability. Radius will continue to invest in research and development to enhance and expand its suite of smart solutions. This includes refining existing products and services and exploring new technologies to meet evolving industry needs. Collaborations with other industry leaders, tech innovators, and research institutions are crucial. Such partnerships can foster a culture of innovation, pool resources, and bring fresh perspectives to develop cutting-edge solutions.
Radius will prioritize a customer-centric approach, tailoring its solutions to meet the specific needs and challenges of its clients. Understanding the unique requirements of the sector and offering bespoke solutions will be a priority. Promoting awareness and educating stakeholders about the benefits of smart tech is vital. Webinars, workshops, and informative content can help customers understand how embracing smart solutions can optimize their operations and benefit the environment. Sustainability will remain a core focus for Radius. It will strive to design and implement solutions that minimize environmental impact, reduce energy consumption, and promote responsible usage of resources.
Collaborating with policymakers to advocate for favorable regulations and incentives that encourage the adoption of smart technologies within the energy sector is another crucial aspect. This can help create an enabling environment for the growth of smart tech.

Radius will explore opportunities for expanding its footprint globally. By engaging with international markets, Radius can introduce their smart solutions to a broader audience and contribute to the global transition towards a more connected and sustainable future. Through these strategic steps, Radius aims to position itself at the forefront of the smart tech revolution, fostering a connected and advantageous energy sector that caters to the needs of today while building a sustainable tomorrow.

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