MOUNTAIN VIEW, Calif., May 21, 2015 /PRNewswire/ -- Based on its recent analysis of the main automation contractors (MAC) in the oil & gas industry, Frost & Sullivan recognizes Honeywell Process Solutions (Honeywell) with the 2014 Canadian Frost & Sullivan Company of the Year Award. Honeywell leverages its integrated MAC (I-MAC) approach in oil and gas capital projects to fully integrate requirements from clients; project management consultants (PMC); engineering, procurement and construction (EPC) firms; sub-automation vendors; and IT solution providers. This holistic method not only accelerates the fulfilment of project objectives, but also delivers a seamless experience over the entire asset life cycle.
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Automation vendors are constantly challenged to resolve the complexities inherent in automation system integration through the lifecycle of a project. For instance:
Honeywell rises to this challenge with its I-MAC solution, which integrates several islands of solutions and provides scalable options to support continuous improvement.
"I-MAC is a significant improvement over MAC," said Frost & Sullivan Senior Industry Analyst Naveen Kumar Ramasamy. "It expands the scope of MAC to include an operator training simulator, advanced control, asset management, and production management—all of which are tightly integrated with automated safety and security systems."
Companies strive for success in the highly capital-intensive Canadian oil sands industry by implementing lean philosophies; however, automation suppliers still find it difficult to compete effectively as their systems are highly dependent on requirements from multiple EPCs. Honeywell addresses this challenge by drastically improving the overall project schedule by keeping automation systems off the critical path. It achieved this by taking advantage of the recent developments in IT and aligning its project workflows.
Additionally, Honeywell is transforming project execution in the process industries with LEAP™, a proprietary project execution model, by employing three innovative technologies—universal input/output (I/O), virtualization and cloud engineering. This model can enable capital savings of 30 percent and enhance scheduling by 25 percent for large automation projects. Furthermore, it can potentially shave off millions of dollars from the total cost of a large capital project, while improving the project schedule.
"Honeywell leverages virtualized servers and minimizes the footprint in terms of equipment space, cooling, power and noise," observed Naveen Kumar. "It has also strategically invested in cloud technology to build an engineering platform that ties geographically diversified project teams to share data and collaborate without being limited by time or location."
By offering an advanced solutions portfolio, Honeywell systems provide flawless user experience, from operations excellence to enterprise collaboration (Intuition® Executive). Its unique technology roadmap integrates simulation within the customer asset lifecycle and supports long-term commitment to the customer. Moreover, its collaborative, customer-centric approach to projects allows it to propose flexible, custom solutions in line with customers' needs regarding products, budget and contract length.
Honeywell clients are increasingly seeking to engage with the company early during the project so that it can design integrated process automation systems from the ground up to protect an asset's long-term viability and the business's profitability. Acknowledging their need for continuous service, Honeywell created Lifecycle Management (LCM) technology for upgrading and controlling overhead, and improving operational safety, efficiency, stability and sustainability.
Overall, Honeywell's exceptional brand equity and customer experience have won it high brand loyalty among consumers and make it fully deserving of Frost & Sullivan's honor.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About Honeywell Process Solutions
Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Process Solutions is part of Honeywell's Performance Materials and Technologies strategic business group.
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