We recently wrote about Honeywell’s new partnership with SAP that is aiming to help companies gain a deeper understanding of the financial performance of their buildings. Well it appears Honeywell has agreed to another partnership. Their latest collaboration will be with oil services leader, Halliburton. This is a good example of how important it is to have multiple sources of data in order to create value from IoT initiatives. The press release that follows provides additional detail on the proposed partnership.
HOUSTON–(BUSINESS WIRE)– Halliburton (HAL) and Honeywell (HON) today announced a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators. The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge, a powerful industrial analytics software solution, to deliver unparalleled insights about oil and gas assets.