Honeywell: Short- And Long-Term Catalysts

The acquisition of RSI Video brings additional value to Honeywell’s security dealers. RSI helps to reduce false alarms through video verification solutions. This will help to separate the false alarms from actual situations, thus reducing wasted efforts by law enforcement of responding to non-issues.

The Movilizer acquisition gives Honeywell a cloud platform which allows customers to manage workflow solutions from anywhere using their existing IT systems. Customers can benefit from increased flexibility and higher productivity by using Movilizer.This will also expand Honeywell’s software capabilities as a provider of the Industrial Internet of Things.This allows customers to get increased productivity, safety, and security for workers and buildings. 

Those acquisitions are just a few recent examples of what Honeywell does to expand its business on a regular basis.The company will seek out and purchase businesses that complement and enhance Honeywell’s current offerings.Therefore, the company gets stronger over the long-term in terms of revenue and also in terms of value to its customers. 

Innovations as a Catalyst

Innovations are another method Honeywell uses to increase revenue. Honeywell’s newest innovation is its involvement with the Industrial Internet of Things [IIoT].   The IIoT allows information to be a competitive advantage in manufacturing environments. 

Honeywell’s efforts in IIoT involve a focus on optimizing users existing automation by leveraging what they already have. Specifically, this involves:connected assets and devices, data management and onsite control, analytics, and secure collaboration. 

Honeywell’s approach to leverage its customer’s existing automation is a less-costly and more desirable way to optimize operations rather than tearing everything out and building from scratch.The company has a good combination of industry expertise along with IT capabilities.This is what makes the company desirable to its customers, which will help grow revenue for Honeywell going forward. 

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Disclaimer:This article represents the author's opinions.  Investors should do their own due diligence and consult with an investment advisor to determine which stocks are right for ...

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