Honeywell, SKF Launch Industrial Internet of Things Project

Honeywell Process Solutions and SKF have launched a joint pilot project aimed at developing Industrial Internet of Things (IIoT) solutions. The project, which will be carried out at a copper mine in Latin America, aims to create a digital standard for improved machine efficiency, reliability and competitiveness for industrial customers.

"Leveraging the IIoT gives manufacturers real-time access to operating information from an incrementally larger data set across not only one site or plant, but across an entire enterprise," said Shree Dandekar, vice president and general manager for Honeywell Connected Plant.

"The number of potential data collection points in a modern factory is increasing exponentially, but this data will only generate value for operators if it is analyzed and acted upon to improve a machine's performance and profitability," said Alrik Danielson, SKF president and CEO. Read the full article here.