tech
Honeywell CEO says AI will 'redefine automation' as labor shortages mount
Honeywell CEO Vimal Kapur said AI is poised to "redefine automation" by helping companies turn operational data into actionable insights.
TL;DR
- AI is seen as a major growth opportunity for Honeywell's automation business.
- Honeywell is spinning off its aerospace division to become a pure-play automation company.
- The automation business provides sensors, controls, and software for critical operations.
- AI can transform operational data into actionable optimization insights and improve decision-making.
- Businesses are increasingly turning to AI and automation due to shortages of skilled workers.
- Customers view AI and automation as revenue-generation opportunities, not just cost-cutting measures.
- Honeywell's 'Physical AI' is built on its domain knowledge and existing system data.