This article explores Honeywell's successful digital transformation under the leadership of its CEO, Adamczyk. It details the company's journey from a diversified conglomerate to an integrated enterprise, focusing on the internal and external benefits of a centralized data strategy. The author emphasizes the crucial role digitalization played in navigating challenges like Covid-19, inflation, and geopolitical risks.
The author, Honeywell ’s CEO until June 2023, writes: “There’s zero chance that we would have made it through Covid, inflation, the upswing in geopolitical risk—all the challenges we faced over the past several years—had we not developed a transparent and coherent digital strategy.”
In this article he describes the company’s multifaceted transformation from a diversified industrial conglomerate into an integrated company. Internally, the goal was to improve productivity, transparency, and agility with centralized data to guide business decisions. Externally, it was to harness all the information generated by systems Honeywell sold in order to offer clients a whole new kind of value: a means to track emissions, save energy, improve safety, and more.
First the company had to simplify and reorganize its infrastructure, going from 150-plus enterprise resource planning systems to 10, from 1,700 websites to fewer than 100, and from 2,700 applications to fewer than 1,000. Next it had to define master data for products, employees, customers, and many other things. Then it developed a strategy for putting all that data to work.
Digital Transformation Business Strategy Data Analytics IT Infrastructure Honeywell
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