"In today's competitive business climate, in which asset capacity is often sold out, equipment performance is key to increased profitability," said Richard Shaw, general manager, Honeywell Connected Plant. "With operational and maintenance-induced equipment failures accounting for most of the unplanned downtime, industrial companies are looking to digital transformation and IIoT to make sense out of huge amounts of data. Honeywell Connected Plant and our new Asset Performance Insight will help our customers operate more strategically and effectively."