Verified

Honeywell

Experimenting
  • Industrials
  • 50,000+ employees
  • Forge, built in-house
  • NVIDIA, Google, Dell
  • Forge ARR ~$1B (2026)
  • Aerospace spun off Jun 2026

Honeywell deploys AI mainly through Forge, the in-house software layer it sells to building, plant and industrial customers, adding agents built on NVIDIA models and Dell infrastructure and working with Google Cloud on Gemini-based agents. Inside Honeywell, CFO Mike Stepniak said in Oct 2026 that all teams are trained or being trained on the company's AI models, and Chief Digital Officer Peter Kropik leads an AI Center of Expertise. Honeywell has reported no return it credits to AI and no count of employees using its AI tools.

honeywell.com

Their approach to AI

The platform
Forge, the software layer Honeywell built and sells, connected more than 324,000 customer sites in Mar 2026 and gained Forge Cognition, an agentic AI and digital twin platform, in Oct 2026.
The models
NVIDIA Nemotron, Omniverse and Cosmos power Forge Cognition (Oct 2026), Honeywell fine-tunes hand-picked open-source models (Oct 2026), and Honeywell agreed with Google Cloud in Oct 2024 to build industrial agents on Gemini, next to its own deterministic and physics-based models.
The reach
CFO Mike Stepniak said on Oct 22, 2026 that all Honeywell teams are trained or being trained on, and have access to, the AI models the company uses; Honeywell has published no company-wide usage count.
The catch
Honeywell has reported no return it credits to AI and no count of employees using its AI tools; the AI number it gives investors, Forge software recurring revenue close to $1 billion in 2026, which Vimal Kapur calls all AI-based, is sales to customers, not a return on its own use.

Snapshot

Employees
50,000+
Honeywell Technologies, 2026; about 101,000 at Dec 31, 2025, before the Aerospace spin-off and divestitures
Technology budget
Not disclosed
R&D expense of $825M in the first nine months of 2026 (Q3 2026 Form 10-Q)
AI/ML headcount
Not disclosed
More than 7,000 engineers across Honeywell (company site, 2026)
Who owns AI
Suresh Venkatarayalu, CTO
Shapes AI and autonomy strategy; Chief Digital Officer Peter Kropik leads the AI Center of Expertise
Platform
Forge, built in-house
Forge Cognition agentic AI layer added Oct 2026
Models
NVIDIA, Google Gemini
Nemotron and Cosmos in Forge Cognition; Gemini on Vertex AI under an Oct 2024 Google Cloud deal; employee models not named
Reach
All teams, per the CFO
Trained or being trained, with model access (Oct 22, 2026); no company-wide usage count published
Use cases
Forge, Experion, TrackWiseest.
AI products in production at customers; internal use-case count not published

Key findings

  1. Honeywell completed the spin-off of Honeywell Aerospace on Jun 29, 2026 and now operates as Honeywell Technologies, a pure-play automation company with more than 50,000 employees whose AI strategy centers on Forge, the software layer it calls its intelligence layer.

  2. Vimal Kapur said on Jul 23, 2026 that all software Honeywell sells on Forge is AI-based and that its recurring revenue would rise from about $900 million to a little over $1 billion in 2026; on Oct 22, 2026 he said it was coming close to $1 billion, growing about 12% to 13% this year.

  3. CFO Mike Stepniak said on Oct 22, 2026 that all Honeywell teams are trained or being trained on, and have access to, the AI models the company uses, listing AI adoption among the self-help levers meant to keep operating costs flat while sales grow mid to high single digits; Honeywell has not said how many employees use those models or what AI has saved the company.

  4. Honeywell launched Forge Cognition with NVIDIA and Dell Technologies on Oct 14, 2026, an agentic AI and digital twin platform piloted at NVIDIA's Voyager campus, Vanderbilt University and Honeywell's own campuses in Bangalore and Richardson, Texas.

  5. Honeywell adopted a Responsible AI Governance Framework in 2024, moved board oversight of responsible AI to its Corporate Governance and Responsibility Committee in 2025, and runs an AI Claims approval system that checks its marketing claims about AI (Apr 2026 proxy statement).

Where Honeywell sits

Stage
Experimenting

Honeywell has reported no business return it credits to AI, for any use case or for the company as a whole: the roughly $1 billion of Forge software recurring revenue that Vimal Kapur calls all AI-based (Oct 2026) is revenue from selling software to customers, not a return on Honeywell's own use of AI; CFO Mike Stepniak listed AI adoption with shared services and a lighter headquarters as levers to hold operating costs flat, without separating AI's share (Oct 2026); and the closest internal figure, an 80% drop in inbound IT help desk tickets after a Moveworks AI assistant (Fortune, Aug 2024), predates the spin-offs and carries no cost or headcount figure. Honeywell has not reported a company-wide AI rollout with a user count either: Stepniak said all teams are trained or being trained on, and have access to, its AI models without giving a number, and the 2024 counts, 5,300 employees with access to Microsoft 365 Copilot and more than 4,500 engineers using GitHub Copilot, covered single tools at the pre-spin company. Honeywell is therefore at Experimenting, although AI runs in production in its Forge, Experion and TrackWise products; one return it credits to AI, or a stated count of employees using its AI tools under Chief Digital Officer Peter Kropik, who leads the AI Center of Expertise, would move it to Piloting.

How the stages are defined
Ownership
CTO Suresh Venkatarayalu sets AI strategy; CDO Peter Kropik runs the AI Center of Expertise
Platform
Hybrid: Forge built in-house on NVIDIA, Dell and Google Cloud technology
Models
NVIDIA Nemotron and Cosmos, fine-tuned open-source models, Google Gemini under a 2024 deal, plus physics-based models
Hosting
Dell AI Factory servers with NVIDIA GPUs at customer sites and the edge, Google Cloud Vertex AI, and Microsoft Azure for Forge apps (2020 deal)
Reach
All teams trained or being trained (Oct 2026)

How they deploy

AI sold through the installed base

Honeywell's strategy is to lead the industrial move from automation to autonomy by adding AI to the control systems customers already run, connecting them through Forge and selling software and services on top. Vimal Kapur said on Jul 23, 2026 that all software Honeywell sells on Forge is AI-based and that Forge recurring revenue is a direct measure of Honeywell's AI progress, because its AI offerings are otherwise wrapped up in other products. Vimal Kapur said in Jan 2026 that Honeywell is changing its business model toward more recurring revenue, and told T. Rowe Price in Aug 2026 that AI, which he expected to reshape automation customers, was one factor behind the decision to separate the company.

Partners for models and compute

Honeywell builds Forge and its applications itself and takes models and compute from partners. Honeywell signed with Google Cloud in Oct 2024 to build industrial AI agents on Gemini and Vertex AI, and launched Forge Cognition in Oct 2026 on NVIDIA models and GPUs with Dell Technologies infrastructure. CTO Suresh Venkatarayalu leads Honeywell's ecosystem partnerships across AI platforms, cloud hyperscalers and edge computing, according to his company biography, and said in Oct 2026 that Honeywell hand-picks and fine-tunes open-source models, partly so customers keep control of their data and models.

Domain and physics models next to AI

Honeywell says Forge combines deterministic models with real operating constraints instead of relying on a generic AI model. Forge Plant Cognition, launched in Oct 2026, pairs AI agents with Honeywell UOP process expertise, trusted calculations and physics-based models, and CTO Suresh Venkatarayalu said in Oct 2026 that physical AI needs to understand how systems operate and interact, which a powerful model alone does not provide.

Autonomy with operator approval

Honeywell says its AI learns from customer operations, proposes improvements and acts only with the customer's approval. Forge Cognition runs in manual, semi-autonomous or autonomous modes, with operators setting the level of control and able to override it at any time (Oct 2026), and Honeywell had not opened the autonomous mode at launch, according to Fortune. Vimal Kapur said in Jan 2026 that Honeywell had moved to an agentic way of working on its customer base and hoped to show Forge agents managing operations, maintenance and energy at its Jun 2026 Investor Day.

AI for Honeywell's own productivity

Honeywell's Apr 2026 proxy statement says the company is implementing AI internally to raise employee productivity while deploying it across its offerings. Chief Digital Officer Peter Kropik leads an AI Center of Expertise meant to embed intelligent automation across global operations, and Accelerator 3.0, the latest version of Honeywell's operating system, strengthens the integration of AI and digital tools. CFO Mike Stepniak listed AI adoption with a lighter headquarters, shared services and engineering and supply chain productivity as Honeywell's self-help levers (Oct 2026).

Deployment model
Honeywell runs customer AI and internal AI in separate organizations. Customer AI is built by Honeywell Connected Enterprise, the software unit led by CTO Suresh Venkatarayalu that runs software product management and engineering, the company's labs and Forge, and is sold through the Building Automation, Process Automation and Technology, and Industrial Automation segments. Internal AI sits with Peter Kropik's combined IT and Enterprise Transformation team, which includes the AI Center of Expertise, the Accelerator operating system and the move to functional shared services. A Data & AI Steering Committee of senior leaders directs the Responsible AI Governance Framework that every Honeywell business and function uses to review AI systems (2026 Impact Report; Apr 2026 proxy statement).
Model providers
Honeywell's Forge Cognition and Forge Plant Cognition run agents on NVIDIA Nemotron open models, use NVIDIA Omniverse libraries for digital twins, NVIDIA Cosmos models with the Metropolis VSS Blueprint for vision agents and, in Plant Cognition, the NVIDIA PhysicsNeMo framework for physics AI models (Oct 2026). CTO Suresh Venkatarayalu said at Fortune's AIQ Summit on Oct 1, 2026 that Honeywell hand-picks and fine-tunes open-source models and works with NVIDIA's Nemotron team, and that customers demand accuracy near 99.9999% where frontier models may reach 85%. Honeywell's Oct 2024 partnership with Google Cloud uses Gemini on Vertex AI and Vertex AI Search for industrial agents and planned to explore Gemini Nano on edge devices. Experion Operations Assistant uses language models over site-specific plant data; Honeywell has not named those models, nor the models its employees use internally.
Data and infrastructure
Dell Technologies supplies the infrastructure under Honeywell's Forge Cognition through the Dell AI Factory with NVIDIA, including PowerEdge XE servers and the Dell AI Data Platform, and the platform runs on NVIDIA RTX PRO GPUs with far-edge deployments on NVIDIA DGX Spark (Oct 2026); Fortune reported that Dell supplies the on-site servers that run it. Suresh Venkatarayalu said in Oct 2026 that whether Honeywell's AI runs at the edge, on premises or in the cloud depends on latency, the cost of moving data and sovereignty. Honeywell agreed with Microsoft in Oct 2020 to build Forge applications on the Microsoft Azure cloud, and its Google Cloud agents are built on Vertex AI. Forge connected more than 32,000 customers, 324,000 sites and about 6.4 million assets as of Mar 2026. Honeywell's 2025 Form 10-K says its ability to develop AI depends on third-party providers of hardware and AI models whose quality, availability and cost it cannot control.

Platforms and internal tools

  • Honeywell Forge

    Honeywell Forge is the hardware-agnostic software layer Honeywell sells across its installed base, connecting assets, contextualizing their data with domain models and delivering AI-enabled applications, digital services and an AI engine. Honeywell also runs Forge at its own facilities, including its Charlotte headquarters, to cut energy use and test new capabilities (2026 Impact Report).

    Users
    32,000+ customers, 324,000+ sites and about 6.4M assets connected (Mar 2026)
    Models
    Honeywell domain and deterministic models; NVIDIA models in Forge Cognition

    Source

  • Forge CognitionOct 2026

    Forge Cognition is Honeywell's self-contained agentic AI and simulation platform for buildings, campuses and industrial sites, combining real-time digital twins with AI agents for alarm triage, predictive HVAC asset health and energy optimization across existing systems.

    Models
    NVIDIA Nemotron, Omniverse and Cosmos with the Metropolis VSS Blueprint

    Source

  • Forge Plant CognitionOct 2026

    Forge Plant Cognition is Honeywell's industrial AI platform for refining, petrochemical and LNG operators, built on Forge Cognition with Honeywell UOP process expertise and physics-based models, and launched first at Dangote's refinery in Lekki, Nigeria.

    Models
    NVIDIA Nemotron, Omniverse, Cosmos and PhysicsNeMo on NVIDIA RTX PRO GPUs

    Source

  • Experion Operations AssistantMar 2026 (commercial)

    Experion Operations Assistant is an AI assistant built on Honeywell's Experion PKS distributed control system that uses language models over historical and real-time plant data to warn control room operators of abnormal events, which in pilots it predicted 5 to 10 minutes before alarms.

    Source

  • Experion CognitionJun 2026

    Experion Cognition is Honeywell's AI-enabled control system platform in which agents make recommendations and automated decisions to manage process abnormalities, demonstrated live at Borouge International's Ruwais facility in Abu Dhabi, with commercial availability planned for the third quarter of 2026.

    Source

  • TrackWise Digital AI Processing AgentOct 2026

    The TrackWise Digital AI Processing Agent is Honeywell's agentic AI feature for life sciences quality management that processes customer complaints and links them to risk; it ran in production for five months at a medical device maker and became commercially available in Oct 2026, ahead of general availability.

    Source

  • AI Center of Expertise

    Honeywell's AI Center of Expertise, led by Chief Digital Officer Peter Kropik inside the combined IT and Enterprise Transformation team, is charged with building AI capability at scale and embedding intelligent automation across Honeywell's global operations.

    Source

  • Accelerator 3.0

    Accelerator 3.0 is the latest version of Honeywell's company-wide operating system for standard work and continuous improvement, revised to integrate AI and digital capabilities and give every employee access to current technology.

    Source

Vendors and partners

  • NVIDIAOct 2026

    AI models, simulation libraries and GPUs behind Forge Cognition and Forge Plant Cognition · NVIDIA's Voyager building in Santa Clara is an early Forge Cognition pilot site.

  • Dell TechnologiesOct 2026

    AI infrastructure and services for Forge Cognition through the Dell AI Factory with NVIDIA

  • Google CloudOct 2024

    Gemini on Vertex AI for industrial AI agents; Google Threat Intelligence in Honeywell OT cybersecurity products · The Gemini-based Smart Shopping Platform of Jan 2026 came from the Productivity Solutions and Services business, which Honeywell sold to Brady Corporation on Aug 3, 2026.

  • MicrosoftOct 2020

    Azure cloud for Forge applications and Dynamics 365 Field Service integration

  • ChevronOct 2024

    Co-developer of AI-assisted alarm management for refining and a pilot partner for Experion Operations Assistant

  • TotalEnergiesNov 2025

    Pilot partner for Experion Operations Assistant at the Port Arthur Refinery in Texas

  • QualcommSep 2024

    Edge AI processors for a multimodal AI agent on Honeywell handheld devices, and AI and wireless connectivity for Field Process Knowledge System and new industrial sensors · The handheld device work sat in Productivity Solutions and Services, whose mobile computers went to Brady Corporation on Aug 3, 2026; the Oct 2024 energy sector collaboration covers process products Honeywell kept.

  • RhombusMar 2026

    Cloud video with AI analytics, sold by Honeywell and planned for deeper integration into its access control platforms

  • MIT Center for Sustainability Science and StrategyJun 2026

    Research partner on the cost effects of AI-enabled technology in fuel and LNG production

Leadership

AI, data and platform leaders

SV

Suresh Venkatarayalu

SVP, Chief Technology Officer and President, Honeywell Connected Enterprise

Suresh Venkatarayalu sets Honeywell's research and development agenda and its AI and autonomy strategy, and as President of Honeywell Connected Enterprise runs software product management and engineering, the company's labs and Forge. Venkatarayalu joined Honeywell in 1995 after starting his career at India's Department of Defense Research and Development, and earlier led Honeywell Technology Solutions, the global engineering operation.

PK

Peter Kropik

SVP, Enterprise Transformation and Chief Digital Officer

Peter Kropik leads Honeywell's combined IT and Enterprise Transformation team, its AI Center of Expertise, the Accelerator operating system and the move to functional shared services. Kropik was previously vice president of global transformation, vice president of corporate customer experience, and CIO and head of customer product support for Honeywell Aerospace, and ran the organizational work behind the Aerospace separation.

Executives

VK

Vimal Kapur

Chairman and Chief Executive Officer

Vimal Kapur became Honeywell's CEO in 2023 and chairman in 2024 after serving as President and COO, and earlier ran Performance Materials and Technologies, Building Automation and Honeywell Process Solutions; he joined a Honeywell joint venture in 1989. Kapur led the separation into Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials and reports Forge recurring revenue as a direct measure of Honeywell's AI progress.

MS

Mike Stepniak

Senior Vice President and Chief Financial Officer

Mike Stepniak joined Honeywell in 2020 after 18 years at General Electric, served as CFO of Building Technologies and of Honeywell Aerospace and as vice president of corporate finance, and now runs enterprise finance. Stepniak said in Oct 2026 that all Honeywell teams are trained or being trained on the company's AI models.

AM

Anant Maheshwari

President, Strategy and President and CEO, Global Regions

Anant Maheshwari drives Honeywell's overall strategy and offering management and leads its business in Asia Pacific, Europe, the Middle East, Africa and Latin America. Maheshwari rejoined Honeywell from Microsoft, where he was President and CEO of Microsoft India, after earlier Honeywell roles from 2004 including President of Honeywell India from 2014 to 2016.

JM

Jim Masso

President and CEO, Process Automation

Jim Masso joined Honeywell in Jul 2025 from Allied Power Group, where he was CEO, after roles at Dematic and GE Power. Masso's Process Automation business launched Experion Operations Assistant commercially in Mar 2026, Experion Cognition in Jun 2026 and the TrackWise Digital AI Processing Agent in Oct 2026.

JP

Juan Picon

President and CEO, Building Automation

Juan Picon became President and CEO of Building Automation on Oct 1, 2026 after running Building Automation Americas, where Vimal Kapur credited him with speeding adoption of Forge. Picon, who has also led Honeywell's global Fire Life Safety business, returned to Honeywell in 2024 after executive roles at Sensata Technologies, WESCO Distribution and General Cable.

BH

Billal Hammoud

President and CEO, Process Technology

Billal Hammoud became President and CEO of Process Technology on Oct 1, 2026, succeeding Ken West. Hammoud previously ran Building Automation, where its organic growth rose from 2% in 2023 to 8% in 2025; he brought Forge Connected Buildings to customers and led the business when it launched the AI-powered Connected Solutions platform in Jun 2025 and the Rhombus AI video partnership in Mar 2026.

PL

Peter Lau

President and CEO, Industrial Automation

Peter Lau became President and CEO of Honeywell's Industrial Automation business on Oct 15, 2025, reporting to Vimal Kapur. Lau returned from FARO Technologies, where he was President and CEO, after earlier Honeywell roles running the Security, Fire and Electrical Products businesses, where he helped move offerings from hardware toward software, and roles at Hubbell and General Electric.

AI org map

Product AI built centrally in Honeywell Connected Enterprise and sold through the segments; internal AI run by a Center of Expertise under the Chief Digital Officer

Honeywell's AI work splits between products and internal operations. CTO Suresh Venkatarayalu owns the AI and autonomy strategy and Honeywell Connected Enterprise, which builds Forge and its applications for the Building Automation, Process Automation and Technology, and Industrial Automation segments. Chief Digital Officer Peter Kropik runs IT, enterprise transformation and the AI Center of Expertise for Honeywell's own operations. A Data & AI Steering Committee of senior leaders directs the Responsible AI Governance Framework, and the board's Corporate Governance and Responsibility Committee oversees responsible AI governance.

Honeywell has not disclosed how many AI or machine learning specialists it employs. Honeywell says it has more than 7,000 engineers with domain expertise (2026); AI product work sits in Honeywell Connected Enterprise under CTO Suresh Venkatarayalu, which runs software engineering, the company's labs and Forge, while AI for Honeywell's own operations sits in Peter Kropik's AI Center of Expertise within the IT and Enterprise Transformation team.

Reporting lines

  • Chairman and CEO

    Vimal Kapur

    • CTO and Honeywell Connected Enterprise

      Suresh Venkatarayalu

      AI and autonomy strategy, software engineering, labs and Forge; line to the CEO inferred from the officer listing, not published

    • Enterprise Transformation and Chief Digital Office

      Peter Kropik

      IT, enterprise transformation, Accelerator and shared services; line to the CEO inferred, not published

      • AI Center of Expertise

        Peter Kropik

    • Data & AI Steering Committee

      Senior leaders directing the Responsible AI Governance Framework; chair, membership and placement on the chart not published

    • Finance

      Mike Stepniak, CFO

    • Strategy and Global Regions

      Anant Maheshwari

    • Building Automation

      Juan Picon

      Reports to Vimal Kapur from Oct 1, 2026 (Aug 2026 announcement)

    • Process Technology

      Billal Hammoud

      Reports to Vimal Kapur from Oct 1, 2026 (Aug 2026 announcement)

      • Honeywell UOP

        Rajesh Gattupalli

        Placement under Process Technology inferred, not published

    • Industrial Automation

      Peter Lau

      Reports to Vimal Kapur from Oct 15, 2025 (Aug 2025 announcement)

    • Process Automation

      Jim Masso

      Part of the Process Automation and Technology segment; reporting line not published

    • Integrated Supply Chain

      Scott Hillpot

      Reporting line not published

    • Law, privacy and AI governance

      Su Ping Lu, General Counsel

      Houses the data privacy and AI governance lead; reporting line not published

Honeywell's leadership page, checked Nov 1, 2026, lists its officers but not their reporting lines; only the Aug 19, 2026 announcement (Building Automation and Process Technology) and the Aug 22, 2025 announcement (Industrial Automation) state that segment chiefs report to Vimal Kapur. Fortune described Sheila Jordan as Honeywell's chief digital technology officer leading its AI adoption in Jun 2025; she no longer appears on Honeywell's leadership page, and Peter Kropik now holds the Chief Digital Officer title. Honeywell has not said when the change took place.

Named people

Executive sponsors
  • Vimal Kapur

    Chairman and CEO

  • Mike Stepniak

    SVP and Chief Financial Officer · Described Honeywell's internal AI adoption on the Oct 2026 earnings call

  • Anant Maheshwari

    President, Strategy and President and CEO, Global Regions

Technology, software and Forge

Honeywell Connected Enterprise runs software product management and engineering, the company's labs and Forge.

  • Suresh Venkatarayalu

    SVP, CTO and President, Honeywell Connected Enterprise

Digital, IT and enterprise transformation

Includes the AI Center of Expertise and the Accelerator operating system.

  • Peter Kropik

    SVP, Enterprise Transformation and Chief Digital Officer

Business segments selling AI products
  • Jim Masso

    President and CEO, Process Automation

  • Juan Picon

    President and CEO, Building Automation

  • Billal Hammoud

    President and CEO, Process Technology

  • Peter Lau

    President and CEO, Industrial Automation

  • Rajesh Gattupalli

    President, Honeywell Technologies UOP · Spoke for Forge Plant Cognition at its Oct 2026 launch

Operations and supply chain
  • Scott Hillpot

    SVP, Chief Integrated Supply Chain Officer · Runs more than 100 factories and distribution centers; used data analytics, automation and AI in the Industrial Automation supply chain

Commercial and people
  • Eric Seidel

    SVP and Chief Commercial Officer · Leads organic growth through commercial excellence and global sales capabilities

  • Jennifer Reilly

    SVP and Chief Human Resources Officer · Leads talent, leadership development and workforce transformation

Legal, privacy and AI governance

The Law Department houses Honeywell's global data privacy program, led by an unnamed vice president who also covers digital data and AI governance (2026 Impact Report).

  • Su Ping Lu

    SVP, General Counsel and Corporate Secretary

Use cases

Honeywell's AI use cases are mostly products it sells: Forge applications, Experion Operations Assistant, the TrackWise Digital AI Processing Agent and AI-enabled OT cybersecurity run in production, while Forge Cognition, Forge Plant Cognition and Experion Cognition are in pilots or early launches. Inside Honeywell, all teams are being trained on the company's AI models and Forge runs at its own facilities. Honeywell has reported no business return credited to AI for any single use case or for its own operations; the AI figure it gives investors is Forge software recurring revenue, close to $1 billion in 2026, which Vimal Kapur calls all AI-based.

Use caseAreaStatusROI
Forge software subscriptions

Honeywell sells Forge software with its service contracts, as add-ons that improve its own products such as remotely configurable fire panels, and as standalone software, first for buildings, including competitors' installed base, and in 2026 for process sites. Vimal Kapur calls all Forge software AI-based and said its recurring revenue was coming close to $1 billion in 2026 (Oct 2026).

Honeywell Connected EnterpriseIn production
Forge Connected Buildings and Connected Solutions

Honeywell's AI-powered building platform on Forge connects building systems through an AI-enabled installation completed in hours and adds remote diagnostics and predictive maintenance prompts; Verizon and Vanderbilt University were early adopters at the Jun 2025 launch.

Building AutomationIn production
Forge Cognition for facility operations

Forge Cognition agents classify building alarms, predict HVAC equipment issues and simulate energy changes on digital twins, in pilots at NVIDIA's Voyager campus, the Fairmont Hotel in Dubai, NEX Mall in Singapore, Vanderbilt University and Honeywell's own campuses in Bangalore and Richardson, Texas.

Building AutomationPilot
Experion Operations Assistant

Experion Operations Assistant warns control room operators of likely abnormal events from historical and real-time data; Chevron and TotalEnergies were among pilot partners before the Mar 2026 commercial launch.

Process AutomationIn production
Experion Cognition autonomous control room

Experion Cognition uses AI agents to detect and resolve process abnormalities on behalf of operators, shown as a live proof of concept at Borouge International's Ruwais facility in Jun 2026.

Process AutomationPilot
Forge Production Intelligence assistant

Forge Production Intelligence added a generative AI assistant in Feb 2025 that lets engineers and plant managers query production performance in natural language and trace the causes of KPI deviations.

Process AutomationIn production
TrackWise Digital AI Processing Agent

The TrackWise Digital agent processes life sciences customer complaints and links them to hazards and patient harm; Honeywell says it handled thousands of complaints a day for five months at a medical device maker before it became commercially available in Oct 2026.

Process Automation (life sciences)In production
Forge Plant Cognition for refineries

Forge Plant Cognition applies AI agents, digital twins and Honeywell UOP process models to find throughput and yield constraints and catch equipment issues, starting at Dangote's refinery in Lekki, Nigeria, where Honeywell's preliminary estimate puts the gross benefit to Dangote above $60 million a year at full capacity.

Process TechnologyPilot
AI-based OT threat detection

Honeywell Cyber Proactive Defense uses AI and behavioral analytics to baseline operational technology networks and flag anomalies, and has been available globally since Jun 2025.

OT cybersecurityIn production
Gemini-based industrial agents with Google Cloud

Honeywell and Google Cloud planned agents on Vertex AI Search and Gemini to cut project design cycles for engineers and help technicians resolve maintenance issues, with first solutions due in 2025; Honeywell has not reported which reached production.

Engineering and field serviceAnnounced
AI models for all teams

Honeywell is training its teams on, and giving them access to, the AI models the company uses, as part of a self-help program with shared services and a lighter headquarters, CFO Mike Stepniak said in Oct 2026.

FirmwideIn production
Forge in Honeywell's own buildings

Honeywell runs Forge's AI analytics and machine learning at its own sites, including the Charlotte headquarters, to tune building and HVAC performance, cut energy use and test capabilities before scaling them across its facilities.

FacilitiesIn production

Adoption

Honeywell spread AI first through its products: AI-enabled Forge applications, then generative AI assistants in 2024 and 2025 such as Experion Operations Assistant, the Forge Production Intelligence assistant and Gemini-based agents with Google Cloud, and agentic platforms in 2026 with Experion Cognition, Forge Cognition and Forge Plant Cognition. Inside the company, Honeywell adopted a Responsible AI framework in 2024, said in its Apr 2026 proxy statement that it is implementing AI internally to raise employee productivity, and CFO Mike Stepniak said on Oct 22, 2026 that all teams are trained or being trained on, and have access to, the company's AI models. Before the spin-offs, Honeywell's chief digital technology officer Sheila Jordan told Fortune in Aug 2024 that generative AI tools had reached all 95,000 employees, that about 5,300 had access to Microsoft 365 Copilot and that more than 4,500 software engineers were using GitHub Copilot. Honeywell Technologies has not published how many of its employees use AI tools or how often.

By the numbers

Forge software recurring revenue
~$1B
Coming close to $1B in 2026, Vimal Kapur said on Oct 22, 2026; he calls all Forge software AI-based
Forge software ARR growth
12-13%
Vimal Kapur's 2026 expectation on Oct 22, 2026, below a 15% aspiration; he had said about 15% in Jul 2026
Sites connected to Forge
324,000+
With 32,000+ customers and about 6.4M assets, as of Mar 2026
Employees
50,000+
Honeywell Technologies after the Jun 2026 spin-off; about 101,000 before it (Dec 31, 2025)
R&D expense, first nine months of 2026
$825M
Q3 2026 Form 10-Q; Honeywell does not publish an IT or AI budget

Rollout, first pilot to today

  1. Oct 2020

    Honeywell and Microsoft agreed that Honeywell would bring Forge applications built on the Microsoft cloud to industrial customers and connect them to Dynamics 365 Field Service, starting with maintenance for building owners and operators.

    Honeywell

  2. 2024

    Honeywell adopted a Responsible AI Framework, Policy and Governance structure under board oversight, with the Audit Committee initially overseeing data use and AI regulation risks.

    2026 proxy statement

  3. Aug 2024

    Sheila Jordan, then chief digital technology officer, told Fortune that Honeywell had put generative AI tools in the hands of all 95,000 employees and 16 generative AI use cases into production, with about 5,300 employees given access to Microsoft 365 Copilot, more than 4,500 software engineers on GitHub Copilot and a Moveworks AI assistant handling IT help desk requests.

    Fortune

  4. Sep 2024

    Honeywell announced a multimodal AI agent for its handheld devices powered by Qualcomm processors, for retail and distribution center workers.

    Honeywell

  5. Oct 2024

    Honeywell announced new AI-assisted solutions for industrial operators and agreed with Chevron to co-develop AI-assisted alarm management for refining.

    Honeywell

  6. Oct 2024

    Honeywell and Google Cloud agreed to build industrial AI agents on Gemini and Vertex AI using Forge data, and to bring Google Threat Intelligence into Honeywell OT cybersecurity products.

    Honeywell

  7. 2025

    Honeywell's board assigned oversight of responsible AI governance to its Corporate Governance and Responsibility Committee as the company's AI policies matured.

    2026 proxy statement

  8. Feb 2025

    Honeywell added a generative AI assistant to Forge Production Intelligence for plant engineers and managers.

    Honeywell

  9. Jun 2025

    Honeywell launched Connected Solutions, an AI-powered building platform on Forge with an AI-enabled installation process, with Verizon and Vanderbilt University as early adopters.

    Honeywell

  10. Mar 2026

    Honeywell launched Experion Operations Assistant commercially after pilots with partners including Chevron and TotalEnergies.

    Honeywell

  11. Apr 2026

    Honeywell's proxy statement said the company is implementing AI internally to raise employee productivity and that the board regularly reviews its AI and generative AI tools and use cases.

    2026 proxy statement

  12. Jun 2026

    Honeywell introduced Experion Cognition, with AI agents managing process abnormalities, at Borouge International's Ruwais facility.

    Honeywell

  13. Oct 2026

    Honeywell launched Forge Cognition with NVIDIA and Dell Technologies and piloted it at its own campuses in Bangalore and Richardson, Texas, among other sites.

    Honeywell

  14. Oct 2026

    CFO Mike Stepniak said all Honeywell teams are trained or being trained on, and have access to, the AI models the company uses.

    Q3 2026 earnings call

Economics & controls

Spend and ROI

Technology and R&D spending

Honeywell does not publish an IT, digital or AI budget. Honeywell Technologies reported research and development expense of $825 million in the first nine months of 2026, including $239 million in the third quarter, down from $268 million a year earlier (Q3 2026 Form 10-Q). Honeywell holds more than 25,000 patents and says it employs more than 7,000 engineers.

What AI itself costs

Honeywell has not disclosed what it spends on AI models, compute or the NVIDIA and Dell infrastructure behind Forge Cognition. Honeywell's 2025 Form 10-K warns that it cannot control the quality, availability or cost of the hardware and AI models it buys from third parties.

Reported ROI

Honeywell has reported no business return credited to AI, either for its own operations or for a single use case, and has published no saving or cost figure from internal AI. The closest internal figure on record is an 80% drop in inbound IT help desk tickets after Honeywell deployed a Moveworks AI assistant, which Fortune reported in Aug 2024, before the spin-offs, with no cost or headcount figure; Honeywell has not said whether the tool is still in use. The AI figure Honeywell gives investors is product revenue: Vimal Kapur said on Jul 23, 2026 that all software Honeywell sells on Forge is AI-based, that its annual recurring revenue would rise from about $900 million to a little over $1 billion in 2026, and that recurring revenue growth is a direct measure of Honeywell's progress, since its AI offerings are wrapped up in other products; on Oct 22, 2026 he said it was coming close to $1 billion, with growth of about 12% to 13% in 2026 against a 15% aspiration. Honeywell has not said how much of that revenue comes from generative or agentic AI. The benefits Honeywell cites in product announcements, such as more than $60 million a year estimated for Dangote's refinery and up to 90% fewer unnecessary alerts at NVIDIA's Voyager building, accrue to customers.

Productivity and headcount

CFO Mike Stepniak said on Oct 22, 2026 that a lighter headquarters, cross-functional shared services, engineering and supply chain productivity and AI adoption are Honeywell's self-help levers, with the aim of keeping operating costs flat while sales grow mid to high single digits; Honeywell has not separated AI's share. Honeywell employed about 101,000 people at Dec 31, 2025, after the Solstice spin-off but before the Aerospace spin-off and the 2026 sales of its Warehouse and Workflow Solutions and Productivity Solutions and Services businesses, and Honeywell Technologies has more than 50,000 employees. Vimal Kapur said on Oct 22, 2026 that Honeywell expects to eliminate the remaining stranded costs from the separations by the end of 2026.

2029 targets

Honeywell Technologies told investors on Jun 11, 2026 that it expects 4% to 6% organic growth, more than 60 basis points of margin expansion a year and more than 10% annual earnings growth through 2029, and Vimal Kapur said in Jul 2026 that its $12 earnings-per-share target for 2029 assumes no acquisitions. Kapur said in Jan 2026 that Honeywell has been changing its business model toward more recurring revenue and planned to use stronger links to Forge to drive software and services growth.

Governance and risk

Responsible AI framework

Honeywell adopted a Responsible AI Governance Framework in 2024 with a Responsible AI Policy and principles covering accountability, safety and security, validity and reliability, fairness, privacy and intellectual property, transparency and sustainability. Every Honeywell business and function uses the framework's standards and forms to review AI systems and use cases, under the direction of a Data & AI Steering Committee of senior leaders, and the framework includes a bias standard (Apr 2026 proxy statement; 2026 Impact Report).

Board oversight

Honeywell's board first gave its Audit Committee oversight of data use and compliance under AI regulations, then in 2025 gave the Corporate Governance and Responsibility Committee oversight of responsible AI governance. Honeywell's Apr 2026 proxy statement says the committee regularly reviews the company's AI and generative AI tools and use cases against its goals and AI laws, and that most shareowners Honeywell spoke with supported its AI disclosure and framework.

AI claims review

Honeywell runs an AI Claims approval system so that marketing claims about its use of AI are accurate and verifiable, with a shared repository of valid AI claims (Apr 2026 proxy statement). Honeywell's Code of Business Conduct covers responsible AI, and all eligible employees complete Code training and certification (2026 Impact Report).

Human approval in products

Honeywell says its AI proposes improvements and acts only with the customer's approval, and Forge Cognition lets operators choose manual, semi-autonomous or autonomous modes and override the system at any time (Oct 2026). Honeywell had not opened Forge Cognition's autonomous mode at launch, and CTO Suresh Venkatarayalu told Fortune in Oct 2026 that the current mode may run for two to three years before customers decide to switch. Honeywell created an online Trust Center in 2024 to set out its privacy, security and responsible AI practices.

Disclosed risks and regulation

Honeywell's 2025 Form 10-K lists risks from generative and agentic AI, including flawed outputs, bias and intellectual property claims, reliance on safeguards built by third-party model developers, AI-enabled cyberattacks and AI-related data leaks. The 10-K names the EU AI Act, the Colorado Artificial Intelligence Act and the California AI Transparency Act among rules that add transparency, monitoring and human-oversight duties.

Recent signals

  1. Oct 26, 2026

    Honeywell launched Forge Plant Cognition with Dangote's Lekki refinery, built with NVIDIA AI and Dell infrastructure, and estimated more than $60 million a year of gross benefit for the refinery at full capacity.

    Honeywell

  2. Oct 22, 2026

    CFO Mike Stepniak said all Honeywell teams are trained or being trained on the company's AI models, and Vimal Kapur said Forge recurring revenue was coming close to $1 billion for 2026, on Honeywell Technologies' first quarterly call as a standalone company.

    Q3 2026 earnings call transcript

  3. Oct 21, 2026

    Honeywell made the TrackWise Digital AI Processing Agent commercially available to life sciences manufacturers, ahead of general availability, after five months in production at a medical device maker.

    Honeywell

  4. Oct 14, 2026

    Honeywell launched Forge Cognition, an agentic AI and digital twin platform built with NVIDIA and Dell Technologies, with pilots at NVIDIA's Voyager campus and Honeywell's campuses in Bangalore and Richardson, Texas.

    Honeywell

  5. Oct 1, 2026

    CTO Suresh Venkatarayalu told Fortune's AIQ Summit that Honeywell fine-tunes hand-picked open-source models and that industrial customers demand accuracy near 99.9999%, where frontier models may reach 85%.

    Fortune

  6. Aug 19, 2026

    Honeywell named Billal Hammoud to lead Process Technology, succeeding Ken West, and Juan Picon, whom Vimal Kapur credited with speeding Forge adoption in the Americas, to lead Building Automation from Oct 1, 2026.

    Honeywell

  7. Aug 2026

    Vimal Kapur told T. Rowe Price that AI was one factor behind Honeywell's separation and described agents for comfort, energy, maintenance and fire compliance that Honeywell is building for a North Carolina hospital system, which he believes can cut the work involved by 30% to 40%.

    T. Rowe Price, The Long View

  8. Jul 23, 2026

    Vimal Kapur said all software Honeywell sells on Forge is AI-based and that Forge recurring revenue would rise from about $900 million to a little over $1 billion in 2026.

    Q2 2026 earnings call transcript

  9. Jun 29, 2026

    Honeywell completed the spin-off of Honeywell Aerospace and began operating as Honeywell Technologies, a pure-play automation company that keeps the HON ticker and names Forge as its intelligence layer.

    Honeywell

  10. Jun 24, 2026

    Honeywell and the MIT Center for Sustainability Science and Strategy published research estimating that AI-enabled technology could cut global oil-based fuel production costs by up to $55 billion a year within five years of use.

    Honeywell

  11. Jun 9, 2026

    Honeywell introduced Experion Cognition, an AI-enabled control platform in which agents manage process abnormalities, at Borouge International's Ruwais facility in Abu Dhabi, with commercial availability planned for the third quarter of 2026.

    Honeywell

  12. Apr 10, 2026

    Honeywell's proxy statement said it is implementing AI internally to raise employee productivity and set out its Responsible AI framework, board oversight and AI Claims approval system.

    2026 proxy statement

  13. Mar 26, 2026

    Honeywell and Rhombus introduced a cloud video and access control offering with Rhombus AI analytics, which Honeywell will resell and plans to integrate more deeply into its access control platforms.

    Honeywell

  14. Mar 19, 2026

    Honeywell launched Experion Operations Assistant commercially after pilots with partners including Chevron and TotalEnergies, in which it predicted abnormal events 5 to 10 minutes before alarms.

    Honeywell

  15. Jan 11, 2026

    Honeywell unveiled the Smart Shopping Platform for retailers, built with Google Cloud and 66degrees on Gemini and Vertex AI, from its Productivity Solutions and Services business.

    Honeywell

Quick answers

How does Honeywell deploy AI?
Honeywell deploys AI mainly through Forge, the in-house software layer it sells to building, plant and industrial customers, adding agents built on NVIDIA models and Dell infrastructure and working with Google Cloud on Gemini-based agents. Inside Honeywell, CFO Mike Stepniak said in Oct 2026 that all teams are trained or being trained on the company's AI models, and Chief Digital Officer Peter Kropik leads an AI Center of Expertise. Honeywell has reported no return it credits to AI and no count of employees using its AI tools.
What does Honeywell use AI for?
Honeywell's AI use cases are mostly products it sells: Forge applications, Experion Operations Assistant, the TrackWise Digital AI Processing Agent and AI-enabled OT cybersecurity run in production, while Forge Cognition, Forge Plant Cognition and Experion Cognition are in pilots or early launches. Inside Honeywell, all teams are being trained on the company's AI models and Forge runs at its own facilities. Honeywell has reported no business return credited to AI for any single use case or for its own operations; the AI figure it gives investors is Forge software recurring revenue, close to $1 billion in 2026, which Vimal Kapur calls all AI-based.
Who leads AI at Honeywell?
AI at Honeywell is led by Suresh Venkatarayalu (SVP, Chief Technology Officer and President, Honeywell Connected Enterprise); Peter Kropik (SVP, Enterprise Transformation and Chief Digital Officer). Ownership of AI on the org chart: CTO Suresh Venkatarayalu sets AI strategy; CDO Peter Kropik runs the AI Center of Expertise.
What AI platform does Honeywell use?
Forge, the software layer Honeywell built and sells, connected more than 324,000 customer sites in Mar 2026 and gained Forge Cognition, an agentic AI and digital twin platform, in Oct 2026.
Which AI models does Honeywell use?
NVIDIA Nemotron, Omniverse and Cosmos power Forge Cognition (Oct 2026), Honeywell fine-tunes hand-picked open-source models (Oct 2026), and Honeywell agreed with Google Cloud in Oct 2024 to build industrial agents on Gemini, next to its own deterministic and physics-based models.
How many Honeywell employees use AI?
CFO Mike Stepniak said on Oct 22, 2026 that all Honeywell teams are trained or being trained on, and have access to, the AI models the company uses; Honeywell has published no company-wide usage count.
How far has AI spread at Honeywell?
Honeywell has reported no business return it credits to AI, for any use case or for the company as a whole: the roughly $1 billion of Forge software recurring revenue that Vimal Kapur calls all AI-based (Oct 2026) is revenue from selling software to customers, not a return on Honeywell's own use of AI; CFO Mike Stepniak listed AI adoption with shared services and a lighter headquarters as levers to hold operating costs flat, without separating AI's share (Oct 2026); and the closest internal figure, an 80% drop in inbound IT help desk tickets after a Moveworks AI assistant (Fortune, Aug 2024), predates the spin-offs and carries no cost or headcount figure. Honeywell has not reported a company-wide AI rollout with a user count either: Stepniak said all teams are trained or being trained on, and have access to, its AI models without giving a number, and the 2024 counts, 5,300 employees with access to Microsoft 365 Copilot and more than 4,500 engineers using GitHub Copilot, covered single tools at the pre-spin company. Honeywell is therefore at Experimenting, although AI runs in production in its Forge, Experion and TrackWise products; one return it credits to AI, or a stated count of employees using its AI tools under Chief Digital Officer Peter Kropik, who leads the AI Center of Expertise, would move it to Piloting.

Open questions

  • Which AI models and tools do Honeywell employees use internally, who supplies them, and where do they run?
  • How many Honeywell employees use AI tools each week, given that the company has said only that all teams are trained or being trained?
  • What has internal AI saved Honeywell, including the Moveworks IT help desk assistant credited in 2024 with an 80% drop in inbound tickets, and how much of the plan to hold costs flat comes from AI rather than shared services and a lighter headquarters?
  • What does Honeywell spend on AI, including model licenses, compute and the NVIDIA and Dell infrastructure behind Forge Cognition?
  • How many AI and machine learning specialists does Honeywell employ, and how large is Peter Kropik's AI Center of Expertise?
  • How much of the roughly $1 billion of Forge recurring revenue comes from generative and agentic AI features rather than earlier connectivity and analytics software?
  • What return have Experion Operations Assistant, Experion Cognition and the TrackWise Digital AI agent produced for Honeywell itself, beyond customer pilot results?
  • When did Sheila Jordan leave the chief digital technology officer role, and when did Peter Kropik take over as Chief Digital Officer?
  • Where do Suresh Venkatarayalu and Peter Kropik report, and who chairs the Data & AI Steering Committee?
  • Do Forge cloud applications still run on Microsoft Azure under the 2020 arrangement, and which workloads run on Google Cloud?
  • Did Experion Cognition reach commercial availability in the third quarter of 2026 as planned, and which Google Cloud agents announced in Oct 2024 reached production?

Sources

Honeywell

Filings, results and investor materials

AI products and partners

Data confidence

Confirmed
Stated in a primary or reputable public source.
Estimated
Derived or approximated from public reporting.
Unconfirmed
Reported, but not yet corroborated.

Honeywell profile · Enterprise AI diffusion report by Imagine · facts checked against their sources on Nov 1, 2026