2014 TODAY’S HONEYWELL Updated: October 2014. We are building a world that’s safer and more...
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Transcript of 2014 TODAY’S HONEYWELL Updated: October 2014. We are building a world that’s safer and more...
We are building a world
that’s safer and more secure …
more comfortable and energy efficient …
more innovative and productive …
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
3 Today’s Honeywell
Overview
- Who Is Honeywell
- Honeywell in T&T
- How Does the Internet Benefit T&T’s Oil & Gas Sector
- Specifics of Internet Input
- The challenges of IT & Internet Use in Industry
- Honeywell’s Capabilities
How Does The Internet/TelecomsContribute to Trinidad and Tobago’s
Gas and Oil Sector?
Riard Mohammed & Adrian Manick
Oct 2014
4 Today’s Honeywell
Honeywell
Aerospace
Automation and Control Solutions
$39.1Bin sales for 2013
55%sales outside U.S.
Performance Materials and Technologies
• 1,300 sites, 68 countries
• 131,000 employees
• Morristown, NJ headquarters
• Fortune 100
5 Today’s Honeywell
Who Is Honeywell?
Highly Diversified, Technology Driven Industrial Company
Business Overview Great Positions In Good Industries
(2013 Sales, $B)
Honeywell’s technology is used to produce more than 60% of the world’s gasoline, 67% of the world’s paraxylene (a precursor for polyester), and 85% of the world’s biodegradable detergents.
Honeywell developed the first autopilot flight controller (1914), first commercial weather radar system (1954), first business jet turbofan engine (1975), and is still the leader in developing revolutionary technology for aerospace today.
Honeywell is the leader in gas detection, fire systems, personal protective equipment, building controls, home comfort and security, and scanning and mobility.
Honeywell pioneered automotive turbocharging 60 years ago and remains the industry leader launching, on average, 100 new turbo applications globally each year.
Businesses:
• Air Transport & Regional
• Business & General Aviation
• Defense & Space
• Transportation Systems
Headquarters: Phoenix, AZ
headquarters
Businesses:
• Building Solutions
• Environmental and Combustion Controls
• Industrial Safety
• Fire Safety
• Security Group
• Scanning and Mobility
• Sensing and Control
Businesses:
• Honeywell’s UOP
• Process Solutions
• Fluorine Products
• Resins and Chemicals
• Specialty Products
• Electronic Materials
Headquarters:Morristown, NJ
7 Today’s Honeywell
TT Installed Base – Strategic Importance
EOG Resources
BHP Billiton
Power Generation
Manufacturing
Puerto Rico US
Europe
Ammonia
Steel
Methanol
Industrial Gases
Domestic
Regional
International
Domestic
International
Gas Chain
Oil
Natural GasNGL's
LNG
Repsol, Petrotrin
8 Today’s Honeywell
“How Does the Internet/Telecoms Contribute to Trinidad and Tobago’s Oil and Gas Sector”
The Question?
9 Today’s Honeywell
• Business, Market & Competitive Intelligence• Business Automation• Safety• Operational Effectiveness• Supply Chain• Cost Reduction• Technical Collaboration & Support• Training• Security• Alerts & Notifications
Across The Corporation – Field to the Stock Market!
O&G Sector Activities Leveraging the Internet
10 Today’s Honeywell
• Challenges- Safety and Risk on offshore facilities
- Specialized training requirements
- Cost of flights, freight limitations
- Limited accommodation space and POB
- Wrench time, NUIs
Bring the equipment to the vendor !
Technical Support
11 Today’s Honeywell
• Remote Monitoring- Rotating machinery – lubricant levels, vibration, temperature
- Vessel and pipeline integrity – pressure, flow rate, erosion
- Power Systems – voltage/freq. fluctuations, duty cycle
- Control systems – loop performance monitoring, hardware faults
- Utilities – A/C performance
• Remote alerts, analysis and collaboration- SMS Alerts
• Remotely executed actions – backups, software updates
Preventative/Predictive Maintenance
12 Today’s Honeywell
• Teleconferencing (incl. video conferencing)- Within organizations; between business partners
• HelpDesks and ITIL compliant support- Vendors, specialist support contractors
• Fog Computing – where the cloud meets the ground- Big Data handling, MDCs
• Business Continuity & Disaster Recovery- Geographically distributed redundancy
Global Connectivity
13 Today’s Honeywell
Industrial Control Cyber Security Landscape
Cyber Cyber AttacksAttacks
Graying Workforce Contractors
Tribal ICS Knowledge
Employee Turnover
Remote Workers
Human Error
Mobile Devices
Removable MediaWireless
Microwave
Open Systems
Remote Access
Remote Sites
Network Connections
COTSComponents
Plain Text
Protocols
Computer Viruses
Hacking
Spyware
Worms
Trojan Horses
Spear Phishing
Malware
APTs
Impersonators
Insider Threats
CyberTerrorists
Nation States Hacktivists
TechnologistsOrganized
Groups
ChallengesChallenges
PeoplePeople
PerpetratorsPerpetrators
14 Today’s Honeywell
Industrial IT: Security Concerns
• Rise in cyber risk
- Increased malware
- Process control targets (Stuxnet, Shamoon, Flame, etc)
- Hacker/nation states
• Increased reliance (prevalence) on ‘Open Systems’
- Skewed ratio of people to computers in production environment
- Mission critical systems being managed by open systems
• Inability to deploy automatic/IT solutions due to proprietary/critical systems
15 Today’s Honeywell
Industrial IT Challenges
Increase in industry and government regulations or standards
16 Today’s Honeywell
Industrial IT Solutions
Assess against industry standards, regulatory requirements and best practices
Remediate focuses on the
actions needed to address
issues identified in the Assess
phase
Assure addresses methods to assure your Industrial IT solutions are functioning as designed
Manage refers to the
management of your Industrial IT
investment, including
network security