Honeywell Technologies' Transformation: Lessons for Industrial Automation
T. Rowe Price's podcast series 'The Angle' recently featured an episode on Honeywell Technologies' transformation and its implications for industrial automation.
The conversation between T. Rowe Price's Eric Veiel, President, Co-Head of Global Investments and Chief Investment Officer, and Vimal Kapur, Chairman and CEO of Honeywell Technologies, highlighted the company's significant transformation into three distinct businesses.
Kapur explained that streamlining the company allowed each business to pursue unique opportunities with greater focus. He also discussed the growth potential in industrial automation and how artificial intelligence (AI) can make facilities increasingly autonomous.
According to Kapur, access to industrial data and deep domain expertise are crucial for applying AI in the physical world. He emphasized that agentic systems could help customers address skilled-labor shortages and improve productivity.