The News: CHARLOTTE, N.C., March 9, 2021 — Honeywell (NYSE: HON) has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies (MIC) for 2021, ranking among the top five companies in the Enterprise category. Honeywell was chosen for its breakthroughs in quantum computing and for rapidly developing new products to help customers address the effects of the global pandemic.
Honeywell ranked in the top 5 among enterprise companies and is one of 463 companies from 29 countries to be included on the list, which honors the businesses that have not only found a way to be resilient in the past year, but also turned those challenges into impact-making processes. Read the full Fast Company piece.
Analyst Take: Honeywell isn’t always the first name to come to mind around innovation, but over the past year, the company has been both steadfast and opportunistic to pursue its next wave of innovation. Throughout the Covid-19 pandemic, the company mobilized quickly to create solutions the world needed to start the process of “Return to Normal” as swiftly and safely as possible. Honeywell’s innovation is in its DNA, which is why Fast Company called the company out among the top 5 enterprise innovators in its most recent rankings.
While many may recognize Honeywell’s contributions during Covid-19 to its focus on a massive uptick in the manufacturing of N-95 masks. The company has been innovating to deliver healthier buildings and transportation modalities with its new UV Wand, which helps kill bacteria without touch on planes or in other high-touch surfaces. The company also developed thermal technology to read human temperature using computer vision and other building solutions to automate the improvement and filtration to deliver better air quality. All of this is part of the companies growing portfolio of enterprise performance management tools.
Honeywell Quantum Making Big Progress
Beyond Covid-19 related advancements, including recent work to help expedite the vaccine’s rollout, Honeywell has been diligently working to become a leader in Quantum Computing. In 2020, Honeywell introduced its latest quantum computer, the System Model H1, based on trapped-ion technology. In just the past few days, the System Model H1 recently achieved a quantum volume of 512, which is the highest measured on a commercial quantum computer at the moment of publication. This most recent breakthrough represents the third time in nine months that Honeywell has set a record for quantum volume on one of its systems. An impressive feat for a company competing among technology giants to lead the race for Quantum Supremacy.
More Innovation Ahead for Honeywell
The recognition by Fast Company is a reminder that innovation comes in many shapes. Honeywell is becoming more of a tech company with each passing year. The company’s investment in building its Forge Software solutions has been another notable innovation in its continued tech journey–deepening the company’s portfolio of tech driven solutions. Quantum, building management, IoT, and more indicate more innovation to come in the periods ahead.
Futurum Research provides industry research and analysis. These columns are for educational purposes only and should not be considered in any way investment advice.