As part of its commitment to developing solutions that improve the quality of life for people around the world, Honeywell has actively focused on shaping and adding value to the Internet of Things (IoT). The company, which has a history of innovation stretching back for more than 125 years, is keen to help its customers capture the value being created by IoT, which experts predict will have an economic impact of between $3.9 trillion and $11.1 trillion per year in 2025. With the number of Internet-connected devices set to grow from 10.3 billion in 2014 to 29.5 billion in 2020, Honeywell is actively leveraging its 22,000 engineers and scientists and 118 research facilities around the world to develop new technologies designed to make workers, homes and buildings more secure, connected, energy efficient, and productive.
