Honeywell today announced the official opening of an innovation hub at the Company’s regional headquarters in Dubai. The Honeywell Technology Experience Center is designed to promote knowledge exchange and demonstrate the value that can be gained from the adoption of Internet of Things (IoT) technologies.
According to Accenture – ‘Middle East Innovation Maturity Index 2018’ almost 90 percent of companies in the Middle East are failing to innovate sufficiently to drive growth and generate new revenue streams.
The center leverages Honeywell’s deep global expertise and industrial knowledge base to help unlock opportunities for value creation though digital transformation initiatives. Visitors from a wide range of backgrounds and industries can be engaged, ranging from oil and gas, petrochemicals and manufacturing, to smart buildings and cities, transportation, aviation, supply chain and logistics.
Speaking at the inauguration, Norm Gilsdorf, president, Honeywell, High Growth Regions, Middle East and Russia, commented: “Honeywell selected Dubai as the location for the Honeywell Technology Experience Center because it is a global hub of innovation and IoT adoption. Digital technologies are evolving at an accelerated rate, delivering value and efficiencies that were previously unimaginable.”
Gilsdorf added: “Many companies in the region find that reaping the benefits of IoT can be a challenge owing to a lack of know-how on how these technologies can be deployed in practice. By leveraging Honeywell’s deep domain expertise and leading industrial cybersecurity experience, we look forward to working with forward-thinking visitors who are keen to understand and advance digital transformation in the region.”
International Data Corporation (IDC) 2018 – ‘Worldwide Semi-annual Internet of Things Spending Guide’ reports that regional investment in IoT-related technology is set to reach $12.6 billion in 2021, up from $6.99 billion in 2018.
The new Honeywell Technology Experience Center serves as a platform to engage with stakeholders from the UAE and Gulf states, as well as Turkey, Russia, Central Asia, India and Africa. Visitors can experience first-hand how Honeywell supports virtually every industry through its combination of hardware, software and data analytics.
Interactive activities at the Center are tailored to industry-specific interests that allow visitors to take control of an industrial control room, oversee the security, safety and productivity of a modern skyscraper, learn how a connected city works, or test their skills at flying an aircraft simulator equipped with advanced connected technologies.
The Honeywell Technology Experience Center in UAE joins existing locations in Washington D.C., and Shanghai, which together enable visitors from around the world to gain first-hand experience of the potential of IoT.