Honeywell CEO Sees AI Transforming Industrial Automation
T. Rowe Price's podcast series 'The Angle' has released its latest episode, featuring an in-depth conversation between Eric Veiel, President and Co-Head of Global Investments at T. Rowe Price, and Vimal Kapur, Chairman and CEO of Honeywell Technologies.
The discussion centered around the significant transformation that Honeywell underwent, which led to its separation into three distinct companies. Veiel and Kapur explored the thinking behind this transformation, with Kapur emphasizing the importance of streamlining the company to allow each business to pursue unique opportunities with greater focus.
Kapur also shared his insights on the growth potential of industrial automation, particularly in regards to artificial intelligence (AI). He noted that AI has the potential to make facilities increasingly autonomous, and that access to industrial data and deep domain expertise are crucial for applying AI in the physical world. The conversation also touched on the role of agentic systems in addressing skilled-labor shortages and improving productivity.
T. Rowe Price's Veiel praised Kapur's valuable perspective on key themes investors are watching closely, including strategic focus, infrastructure demands associated with AI, and the potential for physical AI to transform industrial automation.