Honeywell and Cisco partner to use AI for building energy efficiency

From Nasdaq: 2024-09-03 10:32:00

Honeywell International Inc. partnered with Cisco Systems, Inc. to develop an AI-powered solution for building systems. Cisco Spaces will collect data on occupancy and environment, while Honeywell Forge Sustainability+ will optimize energy use. This collaboration aligns with HON’s focus on automation, energy transition, and sustainability.

Strength in commercial aviation and building automation businesses is driving Honeywell’s success. Aerospace segment growth due to aviation aftermarket demand has boosted the company’s performance, with shares rising 10.4% in the past year. However, weakness in the Industrial Automation segment is a concern, impacting demand for sensing and safety technologies.

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Read more at Nasdaq: Honeywell, Cisco Unite to Reduce Energy Usage in Buildings