Reactions from Honeywell Connect 2023

  • Jared Weiner
Honeywell Connect

Honeywell (NASDAQ: HON) welcomed more than 200 customers, partners, industry analysts, and media members to this year’s Honeywell Connect conference, a software- and digital transformation-focused event held last week in Dallas, Texas. The event featured a wide range of executive presentations, customer success stories, roundtable discussions, expert-led breakout sessions, and technology demonstrations in which Honeywell Connected Enterprise (HCE) emphasized its identity as a software company by highlighting its quickly-maturing capabilities in the areas of industrial cybersecurity, industrial IoT, and sustainability.

Honeywell (NASDAQ: HON) welcomed more than 200 customers, partners, industry analysts, and media members to this year’s Honeywell Connect conference, a software- and digital transformation-focused event held last week in Dallas, Texas. The event featured a wide range of executive presentations, customer success stories, roundtable discussions, expert-led breakout sessions, and technology demonstrations in which Honeywell Connected Enterprise (HCE) emphasized its identity as a software company by highlighting its quickly-maturing capabilities in the areas of industrial cybersecurity, industrial IoT, and sustainability.

Honeywell’s approach throughout its many solution presentations and demos was very outcome-oriented. With each speaker detailing the enterprise-level outcomes its customers would be able to achieve rather than merely listing product-level features and functions, it was easy to appreciate Honeywell’s vision for a fully connected, integrated, secure, and sustainable industrial future.

Equally noteworthy—and something that makes Honeywell unique in this space—is the company’s continued dedication to using each of its software solutions in its own facilities. Effectively serving internal stakeholders is a considerable challenge that, executed correctly, can help generate unfiltered feedback unlikely to be found in traditional customer interactions. This customer zero strategy is critical in strengthening its solution development efforts, and is among the most impactful competitive advantages Honeywell has over its competitors in this space.

Finally, Honeywell HCE announced a new cybersecurity offering during the show, a solution called Cyber Watch. The first new solution borne from Honeywell’s acquisition of SCADAfence earlier this year, Cyber Watch is an enterprise-level solution that provides access to near real-time and historical data on OT- and IIoT-related vulnerabilities, compliance and threats to help organizations reduce and manage cybersecurity risks across multiple sites. Cyber Watch is part of the Honeywell Forge Cybersecurity+ Suite.

 

In general, the adoption of ICS suppliers’ cybersecurity solutions will remain mostly aligned with that of their ICS business, as customers using an ICS supplier for these solutions will typically select whichever supplier is the primary vendor within their environment. However, Honeywell’s dedication to effectively protecting non-Honeywell assets and environments—reinforced by its acquisition of ICS-agnostic SCADAfence—may allow it to outpace its ICS competitors in this area. Overall, Honeywell’s unique combination of cybersecurity functionality, domain-specific control systems expertise, and managed services capabilities will be a critical growth driver in its continued efforts to grow its cybersecurity business in Honeywell and non-Honeywell environments.

To learn more about VDC’s coverage of industrial technologies, including our recently-published study on industrial cybersecurity, visit our website or contact us for more details!

Scroll to Top

About Mitch

Mitch Solomon

President

Mitch has spent years supporting senior leaders of operational and industrial technology companies as well as private equity investors that participate in the space.  He is an active member of the Technology and Innovation Council at Graham Partners, a leading industrial technology focused private equity firm, and serves on the advisory boards of OptConnect (a top IoT connectivity provider) and DecisionPoint (a rapidly growing operational technology systems integrator).  Mitch has worked closely with a wide range of industrial technology clients on a diverse array of growth opportunities and challenges including applications of AI, c-suite recruiting, strategic planning, new market identification and entry, product strategy, competitive positioning, revenue retention, value proposition identification and messaging, sales strategy and execution, and board presentations. Mitch holds a BA from Northwestern University and an MBA from The Tuck School of Business at Dartmouth College.